Defined Benefit Plan Weaknesses Have Serious Implications for National Retirement Policy

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Defined Benefit Plan Weaknesses Have Serious Implications for National Retirement Policy

  • Current Issues:

    • Protecting the benefits of workers in terminated plans
    • Improving funding of plans going forward
    • Addressing PBGC's financial exposure

  • Broader issues: What is the future role of DB plans in ensuring retirement income security?

    • Revitalize DB system vs. smoother transition to a DC world
    • Effects of Social Security reform on private pensions and personal savings arrangements