Regulation of Retirement Saving

July 29, 2009

Report

More on:

Financial Markets

Aging, Youth Bulges, and Population

United States

Overview

Retirement saving is undergoing a fundamental change as employers shift from defined benefit pension plans to defined contribution plans, such as 401(k) accounts. Defined contribution plans have important advantages: they allow households to customize their retirement saving to their own risk preferences and circumstances, they insulate pensioners from potential bankruptcies of their employers, and although there may be a modest vesting period, they allow workers to move from job to job without risking their pensions. These plans also place much greater burdens on consumers to make good financial decisions. But there is widespread concern that many households are not up to the task. This Working Paper, the sixth in the Squam Lake Working Group series distributed by the Center for Geoeconomic Studies, analyzes this concern and recommends measures that will improve the performance of the nation's retirement saving system.

More on:

Financial Markets

Aging, Youth Bulges, and Population

United States

Explore More on CFR

Foreign Aid

During its fifteen years, PEPFAR has become one of the most important global health initiatives ever launched. However, its influence is fading, threatening the global fight against HIV/AIDS as the struggle against the pandemic faces a turning point.

Digital Policy

New Facebook data reveals that foreign advertisers may have tried to influence the upcoming Irish referendum on abortion. More proof that ad transparency initiatives for social media are necessary to preserve the integrity of elections.

Trans-Pacific Partnership (TPP)

Though President Trump withdrew from the TPP, the remaining members of the trade pact have forged ahead with a new version, leaving the U.S. role in the Asia-Pacific in question.