How Do Cash Balance Plans Affect the Pension Landscape?

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Social Security and the Stock Market: How the Pursuit of Market Magic Shapes the System appeals to anyone looking for answers to the financing problems facing Social Security and the U.S. retirement income system. By reviewing the experience of the U.K., Australia, and Canada, Alicia H. Munnell and Steven A. Sass examine the three main approaches for introducing equities into the U.S. Social Security program. This highly readable book illustrates the successes and setbacks each country experienced and draws lessons for the U.S.