The Decline of the Traditional Pension The Decline of the Traditional Pension

The Decline of the Traditional Pension

A Comparative Study of Threats to Retirement Security

    • €35.99
    • €35.99

Publisher Description

The traditional (final or average salary) pension that employers have provided their employees has suffered a huge decline in labor force coverage in the United Kingdom and the United States, and less severe declines in Canada and elsewhere. The traditional pension provides a precious measure of retirement security by paying retirees an annuity for life. This study compares developments in the countries just named and in Australia, Denmark, Germany, Japan, Netherlands, Sweden, and Switzerland to explain the forces behind the decline of the traditional pension and to contrast the experience of public sector employer-provided plans, where it remains dominant. Given the great value of the longevity insurance that the traditional plan provides, and the risks its diminished coverage entails, the book proposes a set of measures that either stem the decline or endow defined contribution pensions with some of the attributes of the traditional plan.

GENRE
Business & Personal Finance
RELEASED
2010
21 June
LANGUAGE
EN
English
LENGTH
478
Pages
PUBLISHER
Cambridge University Press
SIZE
1.7
MB

More Books Like This

OECD Pensions Outlook 2018 OECD Pensions Outlook 2018
2018
The Future of Multi-Pillar Pensions The Future of Multi-Pillar Pensions
2012
Older and Wiser Older and Wiser
2019
Nonfinancial Defined Contribution Pension Schemes in a Changing Pension World Nonfinancial Defined Contribution Pension Schemes in a Changing Pension World
2012
Major Pension Systems and Structural Reform Proposals for PAYG Pension Systems Major Pension Systems and Structural Reform Proposals for PAYG Pension Systems
2004
The Danish Pension System The Danish Pension System
2022

More Books by George A. (Sandy) Mackenzie