Retirement savings policy : past, present and future tense / Michael P. Barry.

Format:

Book

Author/Creator:

Barry, Michael P., author.

Series:

The Alexandra Lajoux Corporate Governance Series , 2629-8155

Language:

English

Subjects (All):

Retirement income--Planning.

Retirement income.

Physical Description:

1 online resource (275 pages)

Edition:

1st ed.

Place of Publication:

Boston ; Berlin : DEG Press, [2018]

Language Note:

In English.

Summary:

Mike brings to this work his comprehensive experience and consummate technical talent in a beautifully readable book. A treasure. --Frank Cummings, Former Adjunct Lecturer in Law at UVA Law School, Columbia Law School, NYU Law School, and ALI-ABA Retirement Savings Policy reviews the basic policies that govern retirement savings plans, and their real world application, focusing on the key issues of finance, taxation, fiduciary conduct, and employee choice. The discussion is framed around the three fundamental challenges confronting employers and employees today - the pension legacy, the 401(k) revolution, and the pressure, from policymakers, regulators, opinion leaders, and individuals, for changes that will put retirement security within reach of all Americans. With more than 40 years' experience in the field, Michael P. Barry provides both a wealth of practical detail - best practices and concrete solutions - and a broad framework for understanding the issues surrounding retirement plans and strategies. The result is a comprehensive introduction to the forces that drive sponsor, participant, and policymaker decision-making. This is the perfect book for benefits and financial professionals who want a better understanding of the basic rules that govern retirement plan administration but also serves those interested in truly understanding the nuances and issues surrounding retirement plans and policies. The approach is practical, focusing on how US retirement plans actually work, how they are taxed (and not taxed), how they are regulated. But it is also conceptual, devoting considerable attention to an understanding of why these plans work the way they do. Why regulators and policymakers are so focused on a handful of issues - expanding coverage, reducing fees, fairness. And, at the highest level, what are the problems that we are trying to solve. As such, much of what we discuss will be of interest to a more general reader, who wants a realistic understanding of what is really at stake in current retirement policy debates.

Contents:

Frontmatter

About De/G PRESS

Acknowledgments

About the Author

About the Series Editor

Contents

Introduction

Part I: The Defined Benefit Plan Legacy

Chapter 1: An Overview of Existing Plans

Chapter 2: DB Plan Basics

Chapter 3: The DB Valuation Challenge

Chapter 4: The Regulatory Framework-Benefit Insurance, Minimum Funding Rules and Accounting Standards Affecting DB Plan Finance

Chapter 5: The Regulatory Framework-Minimum Standards for Retirement Plan Design and Tax Code Nondiscrimination Rules

Chapter 6: Problems with the DB Design

Chapter 7: The Cash Balance Plan Conversion Crisis

Chapter 8: The Secular Decline in Interest Rates and the Viability of DB Plans

Chapter 9: Getting Out, Slowly

Chapter 10: Managing the DB Legacy-Reducing PBGC Premiums

Chapter 11: The Cash Balance Alternative

Chapter 12: Intermezzo-Basic Policy Considerations Part I

Part II: Defined Contribution Plans and the 401(k) Revolution

Chapter 13: The Rise of the 401(k)

Chapter 14: DC/401(k) Plan Basics

Chapter 15: The DC Adequacy Challenge

Chapter 16: Adequate Savings and the Regulatory Framework-Retirement Savings Tax Incentives

Chapter 17: 401(k) Tax Code Nondiscrimination Rules

Chapter 18: Adequate Investment-The Asset Allocation Challenge

Chapter 19: ERISA Fiduciary Rules

Chapter 20: The Structure and Administration of 401(k) Plans, Revisited

Chapter 21: Why Fees?

Chapter 22: 401(k) Plan Fees and Fiduciary Regulation

Chapter 23: Fiduciary litigation

Chapter 24: Fiduciary Best Practices and Managing Fiduciary Risk

Chapter 25: An Adequate Payout

Chapter 26: Intermezzo-Plan B

Part III: The Future

Chapter 27: The Demographic Background

Chapter 28: The Great Transition

Chapter 29: Covering the Uncovered

Chapter 30: The Implications of the Software Revolution for Retirement Savings

Chapter 31: The Role of the Employer

Chapter 32: The Bureaucratization of Capital

Chapter 33: Coda

Index

Notes:

Description based on print version record.

ISBN:

9781547400355

1547400358

9781547400294

1547400293

OCLC:

1054876204