Securing Employer-Based Pensions
An International Perspective
Edited by Zvi Bodie, Olivia Mitchell, and John A. Turner
As the world's population ages, millions will rely on their pension plans as the mainstay of retirement income. This book asks whether supply will meet demand in the new economic order. Pension systems in Germany, Japan, Canada, and the U.S. are compared, along with those in many developing nations. This volume is intended for employees and managers, pension policymakers, actuaries and lawyers, and benefits consultants, all of whom are busy changing their pension structures to meet global challenges.
Sensible tax, insurance, and funding policies—as well as investment management and actuarial oversight—are central to building and maintaining a successful public and private pension system. Tracing the interaction of these factors across a variety of environments, Securing Employer-Based Pensions explores the immediate need for increased pension security in retirement systems in both developed and developing nations.
Zvi Bodie is Professor of Finance, Boston University. Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management, and Executive Director of the Pension Research Council at The Wharton School of the University of Pennsylvania. John A. Turner is Deputy Director of the Office of Research and Economic Analysis, Pension, and Welfare Benefits Administration, U.S. Department of Labor, and Adjunct Professor of Economics at George Washington University.