02213nam a22003498a 4500 CR9780511778018 UkCbUP 20180107143411.0 m|||||o||d|||||||| cr|||||||||||| 100519s2010||||enk s ||1 0|eng|d 9780511778018 (ebook) 9780521518475 (hardback) 9781107507326 (paperback) UkCbUP UkCbUP rda HD7091 .M16 2010 331.25/2 22 Mackenzie, G. A. (Sandy), author. The Decline of the Traditional Pension : A Comparative Study of Threats to Retirement Security / [electronic resource] G. A. (Sandy) Mackenzie. Cambridge : Cambridge University Press, 2010. 1 online resource (294 pages) : digital, PDF file(s). text txt rdacontent computer c rdamedia online resource cr rdacarrier Title from publisher's bibliographic system (viewed on 09 Oct 2015). The traditional (final or average salary) pension that employers have provided their employees has suffered a huge decline in labor force coverage in the United Kingdom and the United States, and less severe declines in Canada and elsewhere. The traditional pension provides a precious measure of retirement security by paying retirees an annuity for life. This study compares developments in the countries just named and in Australia, Denmark, Germany, Japan, Netherlands, Sweden, and Switzerland to explain the forces behind the decline of the traditional pension and to contrast the experience of public sector employer-provided plans, where it remains dominant. Given the great value of the longevity insurance that the traditional plan provides, and the risks its diminished coverage entails, the book proposes a set of measures that either stem the decline or endow defined contribution pensions with some of the attributes of the traditional plan. Pensions Investments Portfolio management Print version: 9780521518475 http://dx.doi.org/10.1017/CBO9780511778018 Cambridge Books Online 236456 236456