"Theoretically, the way pensions are currently structured in the United States, sponsors bear all the risks in defined benefit plans and employees bear all the risks in defined contribution plans, such as 401(k)s. Placing all of the risks on one party or another doesn't seem like an optimal outcome. And sponsors of defined benefit plans, at least, are looking for a better arrangement -- a little in the United States, more in Canada, and a lot in The Netherlands."  MORE >>