Living with Defined Contribution Pensions

Gone are the days when Johnny could begin working for Company A at age 18 and retire 45 years later with a gold watch and a defined benefit pension that the firm had been socking away since his arrival.

Living with Defined Contribution Pensions

Olivia S. Mitchell and Sylvester J. Schieber, Editors

1998 | 312 pages | Cloth $89.95
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Table of Contents


1. Defined Contribution Pensions: New Opportunities, New Risks
—Olivia S. Mitchell, Sylvester J. Schieber
2. Pension Coverage Initiatives: Why Don't Workers Participate?
—Richard P. Hinz, John A. Turner
3. Financial Illiteracy, Education, and Retirement Saving
—B. Douglas Bernheim
4. Factors Affecting Participation Rates and Contribution Levels in 401(k) Plans
—Robert L. Clark, Sylvester J. Schieber
5. Employee Decisions with Respect to 401(k) Plans
—Andrea L. Kusko, James M. Poterba, David W. Wilcox
6. Implications of the Shift to Defined Contribution Plans for Retirement Wealth Accumulation
—William G. Gale, Joseph M. Milano
7. Responses of Mutual Fund Investors to Adverse Market Disruptions
—John D. Rea, Richard G. Marcis
8. Trends in Retirement Income Plan Administrative Expenses
—Edwin C. Hustead
9. Emerging Problems of Fiduciary Liability
—Brian T. Ortelere
10. The Changing Paradigm of 401(k) Plan Servicing
—Ronald D. Hurt
11. The Importance of Variable Annuities in a Defined Contribution Pension System
—P. Brett Hammond
12. Disparate Savings Propensities and National Retirement Policy
—Richard A. Ippolito
13. The Future of the Defined Contribution Revolution
—Sylvester J. Schieber, Richard Dunn, David L. Wray