Employee Pensions : Policies, Problems, and Possibilities

by Ghilarducci, Teresa; Weller, Christian E.

• ISBN13: 9780913447956
• ISBN10: 0913447951
• Edition: 1st
• Format: Paperback
• Copyright: 2007-08-01
• Publisher: Cornell Univ Pr

Summary

This volume outlines a fresh view on pension plans from the perspective of both the employer and employee, describing the possibilities in American labor relations and in Congress to meet employers' needs to compete and to fulfill the enduring desire of workers to plan for a financially secure period of leisure at the end of their working lives. The authors examine the advantages to employers from sponsoring a defined benefit plan and focus on ways to stabilize defined benefit plan coverage. They also look into the need for changes in regulations governing defined contribution plans, offering a number of innovative policy solutions. Finally, they provide insight into the political and institutional constraints that may impede the creation of new pension legislation that could help to strengthen defined benefit plans and improve defined contribution plans.

Table of Contents

Issues Still Facing Employer-Based Pensions: Introduction to the Volume	p. 1
Justification for the Employer-Based System
The Labor Supply Effects of Employer-Provided Pensions: Theory, Evidence, and Implications for the Future	p. 9
Economic Institutiona] Change and Employer Pensions	p. 29
Partial Retirement: Widespread Desire Among Workers, But Limited Demand by Employers	p. 69
Getting Defined Benefit Plans Ready for the Future
Tales of the Dodo Bird and the Yellowstone Wolf Lessons for DB Pensions and the Retirement Ecosystem	p. 85
Multi-employer Plans: Plan Design for the Future	p. 101
Ways to Improve Defined Contribution Plans
How Can Defined Contribution Plans Meet Workers' Needs?	p. 123
Putting Annuities Back into Savings Plans	p. 143
Understanding the Political Dimensions of Pension Reform
U.S. Federal Pension Policy: Its Potential and Pitfalls	p. 163
The Politics of Pension Cuts	p. 187
Pension Policy Options: Meeting in the Middle	p. 215
About the Contributors	p. 233
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