Private pensions and public policies / William G. Gale, John B. Shoven, Mark J. Warshawsky, editors.

Format:

Book

Contributor:

Gale, William G.

Shoven, John B.

Warshawsky, Mark.

Language:

English

Subjects (All):

Old age pensions--United States--Congresses.

Old age pensions.

Pension trusts--United States--Congresses.

Pension trusts.

Old age pensions--Government policy--United States--Congresses.

Retirement income--Government policy--United States--Congresses.

Retirement income.

Social security--United States--Congresses.

Social security.

Retirement income--Government policy.

Old age pensions--Government policy.

United States.

Genre:

Conference papers and proceedings.

Physical Description:

viii, 406 pages : illustrations ; 25 cm

Place of Publication:

Washington, D.C. : Brookings Institution Press, [2004]

Summary:

The private pension system, together with Social Security, has provided millions of Americans with income security in retirement. But over the past thirty years, pension coverage has stagnated, leaving behind some vulnerable groups. Defined contribution plans have exposed workers to greater investment risk, while cash balance and other hybrid plans may have adverse effects on older workers caught in the transition. sPension regulations, infamous for their complexity, can be bewildering to policy analysts and policymakers. Private Pensions and Public Policies sheds timely and much-needed light on specific issues within the broader context and framework of pension reform. Contributors focus on topics that must be addressed in any reform effort, including the effects of the shift in emphasis toward defined contribution plans (after the 1974 Employee Retirement Income and Security Act) and hybrid plans (from the 1990s); regulatory issues such as nondiscrimination rules and contribution limits; how to increase the information available to participants and improve financial education; how participants in defined contribution plans make choices on questions such as asset allocation, back-loaded versus front-loaded saving, and annuities versus lump sum distributions; and the interaction of the private pension system with Social Security.

Contents:

The transition to hybrid pensions plans in the United States: an empirical analysis / Robert L. Clark and Sylvester J. Schieber

What people don't know about their pensions and Social Security / Alan L. Gustman and Thomas L. Steinmeier

Financial education and private pensions / Dean M. Maki

Life-cycle saving, limits on contributions to DC pension plans, and lifetime tax benefits / Jagadeesh Gokhale, Laurence J. Kotlikoff, and Mark J. Warshawsky

The effects of Social Security reform on private pensions / Andrew A. Samwick

Pension choices with uncertain tax policy / Joel M. Dickson

The design and cost of pension guarantees / Kent Smetters

Effects of nondiscrimination rules on pension participation / Robert L. Clark, Janemarie Mulvey, and Sylvester J. Schieber

Asset location for retirement savers / James M. Poterba, John B. Shoven, and Clemens Sialm

Longevity-insured retirement distributions from pension plans: market and regulatory issues / Jeffrey R. Brown and Mark J. Warshawsky.

Notes:

"The original versions of the contributions in this volume were presented at a conference at the Brookings Institution in September 2000"--P. 1.

Includes bibliographical references and index.

ISBN:

0815702388

0815702396

OCLC:

53846470