Defined benefit pensions remain highly economically efficient, or so says the National Institute on Retirement Security.
The institute on Thursday highlighted several key "efficiencies of DB pensions" that enable them to deliver the same retirement income at what it said was half the cost of a typical DC individual account.
According to its study, "Still a Better Bang for the Buck: An Update on the Economic Efficiencies of Defined Benefit Pensions," DB plans continue to be 48 percent cheaper than DC plans — 29 percent cheaper than an "ideal" DC plan — and provide better benefits.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
