The Defined Benefit Pension Plan System

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The Defined Benefit Pension Plan System

Author : Joel B. Lang
Publisher :
ISBN 13 : 9781423518365
Total Pages : 101 pages
Book Rating : 4.5/5 (183 download)

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Book Synopsis The Defined Benefit Pension Plan System by : Joel B. Lang

Download or read book The Defined Benefit Pension Plan System written by Joel B. Lang and published by . This book was released on 2004-06-01 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: The defined benefit (DB) pension system that provides retirement security to 44.5 million Americans faces significant challenges. At the end of 2003, the system was underfunded by $350 billion, there were 82,696 fewer plans then during the system peak (in 1985), and the Pension Benefit Guaranty Corporation (PBGC) responsible for ensuring retirees receive their retirement benefits even after a plan terminates, reported a deficit of $11.49 billion. This thesis examines the challenges facing the DB pension plan system, beginning with an overview of the DB plan system, a review of the different plan types, the benefits received, and funding rules. Next, examining the PBGC, its purpose, its organization, and the role that it plays in the DB pension system. Followed by an identification of the challenges facing the pension plan system, and corporate America's frustrations with the system. Finally, the thesis presents some recent reform proposals, and provides corporate America's response to them. A changing workforce demanding leaner retirement options, plans that allow multiple career changes, provide beneficiaries with lump sum benefits, provide early vesting characteristics, and are easily understood, is challenging the future of the DB plan system. To survive the DB plan system must continue to change.

OECD Reviews of Pension Systems: Portugal

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264313737
Total Pages : 166 pages
Book Rating : 4.2/5 (643 download)

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Book Synopsis OECD Reviews of Pension Systems: Portugal by : OECD

Download or read book OECD Reviews of Pension Systems: Portugal written by OECD and published by OECD Publishing. This book was released on 2019-03-20 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review builds on the OECD’s best practices in pension design and provides policy recommendations on how to improve the Portuguese pension system, detailing the Portuguese pension system and its strengths and weaknesses based on cross-country comparisons. The Portuguese pension system ...

Financial Aspects of the United States Pension System

Author : Zvi Bodie
Publisher : University of Chicago Press
ISBN 13 : 0226062899
Total Pages : 466 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis Financial Aspects of the United States Pension System by : Zvi Bodie

Download or read book Financial Aspects of the United States Pension System written by Zvi Bodie and published by University of Chicago Press. This book was released on 2008-04-15 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides valuable information and analysis to managers, policymakers, and investment counselors in the rapidly expanding field of pension funding. American workers, too, need answers and insights on how to invest their money and plan for their retirement. fifteen of America's leading financial analysts address such pressing questions as -What is the current financial status of the elderly, and how vulnerable are they to inflation? -What is the impact of inflation on the private pension system, and what are the effects of alternative indexing schemes? -What roles can the social security system play in the provision of retirement income? -What is the effect of the tax code and the Employee Retirement Income Security Act of 1974 (ERISA) on corporate pension policy? -How well funded are corporate pension plans, and is a firm's unfunded pension liability fully reflected in the market value of its common stock? Many of the conclusions these experts reach contradict and challenge popular views, thus providing fertile ground for innovation in pension planning.

Examining Long-term Solutions to Reform and Strengthen the Defined Benefit Pension System

Author : United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Examining Long-term Solutions to Reform and Strengthen the Defined Benefit Pension System by : United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations

Download or read book Examining Long-term Solutions to Reform and Strengthen the Defined Benefit Pension System written by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations and published by . This book was released on 2004 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation

Author : Barbara D. Bovbjerg (au)
Publisher : DIANE Publishing
ISBN 13 : 9781422300534
Total Pages : 66 pages
Book Rating : 4.3/5 (5 download)

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Book Synopsis The Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation by : Barbara D. Bovbjerg (au)

Download or read book The Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation written by Barbara D. Bovbjerg (au) and published by DIANE Publishing. This book was released on 2005-09 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employer-sponsored defined benefit pension plans (DBPP) face unprecedented challenges in the midst of significant changes in our nation's retirement landscape. Many DBPP & the fed. agency that insures them, the Pension Benefit Guaranty Corp. (PBGC), have accumulated large & growing deficits that threaten their survival. Meanwhile, the percentage of Amer. workers covered by DBPP has been declining for 30 years, reflecting a movement toward defined contribution plans (e.g., 401(k) plans). To address these issues, a diverse group of knowledgeable individuals was convened -- incl. gov't. officials, researchers, accounting experts, actuaries, plan sponsor & employee group rep., & members of the investment community. Charts & tables.

The Evolving Pension System

Author : William G. Gale
Publisher : Rowman & Littlefield
ISBN 13 : 0815797990
Total Pages : 244 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis The Evolving Pension System by : William G. Gale

Download or read book The Evolving Pension System written by William G. Gale and published by Rowman & Littlefield. This book was released on 2006-01-10 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Evolving Pension System examines the foundations and the future of the private pension system. It provides a broad overview of the underlying assumptions, characteristics, and effects of existing pension policy, as well as alternative views on how public policy toward pensions should evolve in the future. Contributors include Robert Clark (North Carolina State University), Eric Engen (Federal Reserve Board), William G. Gale (Brookings Institution), Theodore Groom (Groom Law Group, Chartered), Daniel Halperin (Harvard), Alicia Munnell (Boston College), Leslie Papke (Michigan State University), Joseph Quinn (Boston College), Sylvester Schieber (Watson Wyatt), John B. Shoven (Stanford), and Jack Vanderhei (Temple University and EBRI). William G. Gale is the Joseph A. Pechman Fellow in the Economic Studies program at the Brookings Institution. John B. Shoven is Charles R. Schwab Professor at Stanford University. Mark J. Warshawsky is director of research at the TIAA-CREF Institute.

Retirement Security and Defined Benefit Pension Plans

Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight
Publisher :
ISBN 13 :
Total Pages : 122 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Retirement Security and Defined Benefit Pension Plans by : United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight

Download or read book Retirement Security and Defined Benefit Pension Plans written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 2003 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Reforming and Strengthening Defined Benefit Plans

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Book Synopsis Reforming and Strengthening Defined Benefit Plans by : United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations

Download or read book Reforming and Strengthening Defined Benefit Plans written by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations and published by . This book was released on 2004 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Predictable, Secure Pension for Life

Author :
Publisher : Pension Benefit Guaranty Corporatiom
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis A Predictable, Secure Pension for Life by :

Download or read book A Predictable, Secure Pension for Life written by and published by Pension Benefit Guaranty Corporatiom. This book was released on 2000 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pension Plan Complexity

Author : United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service
Publisher :
ISBN 13 :
Total Pages : 336 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Pension Plan Complexity by : United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service

Download or read book Pension Plan Complexity written by United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service and published by . This book was released on 1990 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Elected Official's Guide to Defined Benefit and Defined Contribution Retirement Plans

Author : Nicholas Greifer
Publisher :
ISBN 13 : 9780891252467
Total Pages : 61 pages
Book Rating : 4.2/5 (524 download)

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Book Synopsis An Elected Official's Guide to Defined Benefit and Defined Contribution Retirement Plans by : Nicholas Greifer

Download or read book An Elected Official's Guide to Defined Benefit and Defined Contribution Retirement Plans written by Nicholas Greifer and published by . This book was released on 1999 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pensions at a Glance 2019 OECD and G20 Indicators

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264876103
Total Pages : 224 pages
Book Rating : 4.2/5 (648 download)

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Book Synopsis Pensions at a Glance 2019 OECD and G20 Indicators by : OECD

Download or read book Pensions at a Glance 2019 OECD and G20 Indicators written by OECD and published by OECD Publishing. This book was released on 2019-11-27 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2019 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, two special chapters focus on non-standard work and pensions in OECD countries, take stock of different approaches to organising pensions for non-standard workers in the OECD, discuss why non-standard work raises pension issues and suggest how pension settings could be improved.

Assessing Chile's Pension System: Challenges and Reform Options

Author : Samuel Pienknagura
Publisher : International Monetary Fund
ISBN 13 : 151359611X
Total Pages : 52 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Assessing Chile's Pension System: Challenges and Reform Options by : Samuel Pienknagura

Download or read book Assessing Chile's Pension System: Challenges and Reform Options written by Samuel Pienknagura and published by International Monetary Fund. This book was released on 2021-09-10 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.

Reform Options for Mature Defined Benefit Pension Plans: The Case of the Netherlands

Author : Mr.Marc Gerard
Publisher : International Monetary Fund
ISBN 13 : 1484396499
Total Pages : 30 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Reform Options for Mature Defined Benefit Pension Plans: The Case of the Netherlands by : Mr.Marc Gerard

Download or read book Reform Options for Mature Defined Benefit Pension Plans: The Case of the Netherlands written by Mr.Marc Gerard and published by International Monetary Fund. This book was released on 2019-01-25 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Netherlands has been operating fully funded, defined benefit second pillar pension schemes that have consistently ranked high worldwide for delivering high replacement rates while featuring strong solidarity among members. Yet the long-term sustainability of the Dutch pension funds has been undermined in recent years by protracted low interest rates and unfavorable demographic developments, exacerbating controversies over intergenerational transfer mechanisms within the plans. This has prompted a national debate over ways to move toward more individualization while preserving financial security at retirement for all. This paper draws on this experience, illustrated by stress testing simulations and assessed vis-à-vis solutions implemented in peer countries, to discuss the main policy trade-offs associated with the reform of mature pension systems in advanced economies.

Strengthening pension security and defined benefit plans

Author : United States. Congress. House. Committee on Education and the Workforce
Publisher :
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Strengthening pension security and defined benefit plans by : United States. Congress. House. Committee on Education and the Workforce

Download or read book Strengthening pension security and defined benefit plans written by United States. Congress. House. Committee on Education and the Workforce and published by . This book was released on 2004 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Living with Defined Contribution Pensions

Author : Olivia S. Mitchell
Publisher : University of Pennsylvania Press
ISBN 13 : 9780812234398
Total Pages : 310 pages
Book Rating : 4.2/5 (343 download)

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Book Synopsis Living with Defined Contribution Pensions by : Olivia S. Mitchell

Download or read book Living with Defined Contribution Pensions written by Olivia S. Mitchell and published by University of Pennsylvania Press. This book was released on 1998-05-29 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Table of Contents

Private Pensions and Public Policies

Author : William G. Gale
Publisher : Rowman & Littlefield
ISBN 13 : 0815796420
Total Pages : 416 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Private Pensions and Public Policies by : William G. Gale

Download or read book Private Pensions and Public Policies written by William G. Gale and published by Rowman & Littlefield. This book was released on 2004-04-21 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The private pension system, together with Social Security, has provided millions of Americans with income security in retirement. But over the past thirty years, pension coverage has stagnated, leaving behind some vulnerable groups. Defined contribution plans have exposed workers to greater investment risk, while cash balance and other hybrid plans may have adverse effects on older workers caught in the transition. Pension regulations, infamous for their complexity, can be bewildering to policy analysts and policymakers. Private Pensions and Public Policies sheds timely and much-needed light on specific issues within the broader context and framework of pension reform. Contributors focus on topics that must be addressed in any reform effort, including the effects of the shift in emphasis toward defined contribution plans (after the 1974 Employee Retirement Income and Security Act) and hybrid plans (from the 1990s); regulatory issues such as nondiscrimination rules and contribution limits; how to increase the information available to participants and improve financial education; how participants in defined contribution plans make choices on questions such as asset allocation, back-loaded versus front-loaded saving, and annuities versus lump sum distributions; and the interaction of the private pension system with Social Security. Contributors include Robert L. Clark (North Carolina State University), Sylvester J. Schieber (Watson Wyatt Worldwide), Richard A. Ippolito (George Mason University School of Law), Alan L. Gustman (Dartmouth College), Thomas L. Steinmeier (Texas Tech University), John Karl Scholz (University of Wisconsin), Dean M. Maki, (JPMorgan Chase), William Even (Miami University of Ohio), Jagadeesh Gokhale (American Enterprise Institute), Laurence J. Kotlikoff (Boston University), Mark J. Warshawsky (TIAA-CREF Institute), Annika Sunden (Boston College), Andrew A. Samwick (Dartmouth College), David A. Wise (Harvard University), Joel Dickson (T