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The Vanishing Defined Benefit Pension and Its Discontents
Reuters Link to more items from this source
May 6, 2014
"Corporate America has been running away from defined-benefit pensions for decades, and many experts see that as a key cause of our retirement security crisis. Pensions provide a guaranteed lifetime income stream, while owners of 401(k)s and individual retirement accounts take on two impossible-to-control risks: stock market volatility and uncertainty about their own longevity. But were traditional pensions ever really the golden goose of American retirement? And do workers really value them as highly as policy gurus think they should?"

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