Cheerful senior man at home looking at his mail

The Notional Defined Contribution Model: An Assessment of the Strengths and Limitations of a New Approach to Provision of Old Age Security

Working Paper by John B. Williamson and Matthew Williams

October 1, 2003

Abstract Most public old-age pension schemes around the world are based at least in part on the pay-as-you-go defined benefit (PAYGO DB) model. As these schemes have matured and the limitations of this approach have become more salient, pension experts have begun considering alternative models. The Notional Defined Contribution (NDC) model, which is also financed…

Mature man is hired to handle outreach to senior adults

The Outlook for Pension Contributions and Profits in the U.S.

Working Paper by Alicia H. Munnell and Mauricio Soto

June 1, 2003

Abstract This paper addresses the relationship between defined benefit pension plans and corporate profits and examines the outlook for defined benefit plans in the wake of the bear market. Due to a soaring stock market during the extended bull market of 1982-2000, together with federal regulations and legislation that shifted funding requirements forward, pension contributions…