The U.S. has shifted to a primarily defined contribution (DC) environment for pensions. Many defined benefit (DB) plans are frozen and being phased out. I'd like to focus on actions that can improve the future, assuming a DC world, and provide suggestions about how actuaries can assist.
Related: U.S. facing $4 trillion retirement shortfall, EBRI says
If we think about what would make a good system, then we can work together to move closer to it. Where we will arrive is the result of the actions and interactions of individuals, advisers, financial services organizations, employee benefit plan sponsors, and policymakers.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
