Tag: employer-sponsored plans
In early December, President Trump discussed developing a national retirement savings system like Australia’s superannuation program. Australia certainly has an enviable retirement system. In fact, the latest Mercer CFA Institute Global Pension Index awards the Australian system a B+, while the U.S. system gets only a C+…
Some form of risk-sharing plan would be good, but coverage is the real issue. How did this happen? Now that the shift from defined benefit plans to 401(k)s is almost complete (see Figure 1), everybody seems to be talking about defined benefit (DB) plans. They were on the wish list of the United Auto Workers.&nbs…