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The brief’s key findings are: In recent years, several states have shifted from defined benefit (DB) to defined contribution (DC) pension plans. Many of the new plans are “hybrids” with a slimmed down DB plan and a minimal DC plan, which shifts substantial risk to employees. A better hybrid design could offer a full DB…
The brief’s key findings are: Social Security’s annual Statement of estimated benefits at different ages helps people plan for retirement. Those receiving it are more likely to provide an estimate of their benefits, and their estimates tend to be more accurate. The Statement does not appear to change retirement behavior; further research is needed to…
