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Retirement prospects in a defined contribution world

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Published by Employee Benefit Research Institute in Washington, DC .
Written in English

Subjects:

Places:

  • United States

Subjects:

  • Old age pensions -- United States -- Congresses,
  • Defined benefit pension plans -- United States -- Congresses,
  • Retirement income -- United States -- Congresses

Book details:

Edition Notes

Statementedited by Dallas L. Salisbury.
ContributionsSalisbury, Dallas L., Employee Benefit Research Institute (Washington, D.C.)
Classifications
LC ClassificationsHD7105.35.U6 R475 1997
The Physical Object
Paginationp. cm.
ID Numbers
Open LibraryOL687353M
ISBN 100866430881
LC Control Number97034299
OCLC/WorldCa37398091

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  2. The Shear Size of Defined Contribution Retirement Plans. As of , there is approximately $ trillion sitting in retirement assets in the US. Of .   A defined-contribution (DC) plan is a retirement plan that's typically tax-deferred, like a (k) or a (b), in which employees contribute a fixed amount or a percentage of their paychecks to.   The quality of pension systems available to workers varies greatly across the globe. The Netherlands has the best system, while the U.S. isn't even close to the top, according to the Melbourne.   Prospecting is the lifeblood of financial advisors, but it can be difficult to come up with effective recruiting techniques, especially when creativity is key in a highly competitive environment.

While final salary or defined benefit pensions provide a steady income throughout later life, workers saving into defined contribution (DC) pension plans should by now be painfully aware that the. The Employee Retirement Income Security Act (ERISA) covers two types of retirement plans: defined benefit plans and defined contribution plans.. A defined benefit plan promises a specified monthly benefit at retirement. The plan may state this promised benefit as an exact dollar amount, such as $ per month at retirement. Their "golden years" were filled with affluence and leisure. Most didn't even have to PLAN for retirement. Having a steady, layoff-proof job during a period of affluence automatically took care of that for most. Then things changed. Employment became less stable. Defined contribution Reviews:   As the defined contribution industry's record-keeping consolidation continues with big-name deals, DC industry experts say there's more to come due to .