The A Comparative Study of Threats to Retirement Security / [electronic resource] Mackenzie, G. A. (Sandy) creator author. text enk 2010 monographic eng

electronic

1 online resource (294 pages) : digital, PDF file(s). 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. G. A. (Sandy) Mackenzie. Title from publisher's bibliographic system (viewed on 09 Oct 2015). Pensions Investments Portfolio management HD7091 .M16 2010 331.25/2 9780511778018 (ebook) http://dx.doi.org/10.1017/CBO9780511778018 http://dx.doi.org/10.1017/CBO9780511778018 UkCbUP 100519 20180107143411.0 CR9780511778018