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Developments in Risk Management for Retirement Security
Olivia S. Mitchell and Kent Smetters via the Pension Research Council
Oct. 2, 2002 23 pages; working paper. Excerpt: Recent volatility in capital markets, along with longer-term trends in pension system design, has prompted questions about how well the evolving retirement system is performing.... [W]e offer a brief analysis of why [DB plans are] abandoned in favor of [DC] plans. We also discuss some key risks that both defined contribution and defined benefit plans convey upon plan members ... and we highlight some of the ways ... for managing these retirement risks. [WP2002-14] MORE >> |
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