"[T]his article discusses the current rules governing benefit distributions from defined contribution plans in the United States and other countries ... [and] considers how distribution rules and regulations can be used to encourage retirees to take their defined contribution plan distributions in the form of annuities or other lifetime income products.... Today, relatively few countries have distribution rules that encourage retirees to take their defined contribution plan distributions in the form of annuities or alternate lifetime income products. Ultimately, this article seeks to identify the optimal set of distribution rules to encourage individuals to select lifetime retirement income products that can insure against longevity risk."

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