Restructuring Retirement Risks
David Blitzstein, Olivia S. Mitchell, and Stephen P. Utkus
Abstract
This book posits that retirement security is the central policy concern of our time. A generation of ‘Baby Boomers’ is on the verge of retirement, yet pension systems confront crushing challenges, and governments often appear confused about which direction they should move in. The book addresses the question: ‘What are the new risks and rewards in pensions, and what paths can stakeholders chose to solve these problems?’ In doing so, it explores three aspects of the evolution of risk and reward-sharing in retirement in order to offer guidance to pension fiduciaries, plan participants, and poli ... More
This book posits that retirement security is the central policy concern of our time. A generation of ‘Baby Boomers’ is on the verge of retirement, yet pension systems confront crushing challenges, and governments often appear confused about which direction they should move in. The book addresses the question: ‘What are the new risks and rewards in pensions, and what paths can stakeholders chose to solve these problems?’ In doing so, it explores three aspects of the evolution of risk and reward-sharing in retirement in order to offer guidance to pension fiduciaries, plan participants, and policymakers. First, it focuses on new perspectives for assessing retirement risks and rewards. Second, it evaluates efforts to insure retirement plans. Lastly, it provides several new strategies for managing retirement system risk.
Keywords:
retirement security,
pensions,
Baby Boom generation,
retirement plans,
pension fiduciaries
Bibliographic Information
| Print publication date: 2006 |
Print ISBN-13: 9780199204656 |
| Published to Oxford Scholarship Online: September 2006 |
DOI:10.1093/0199204659.001.0001 |
Authors
Affiliations are at time of print publication.
David Blitzstein, Editor
Director of the United Food and Commercial Workers Union (UFCW) Negotiated Benefits Department
Olivia S. Mitchell, Editor
International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management, the Executive Director of the Pension Research Council, and the Director of the Boettner Center on Pensions and Retirement Research at the Wharton School, University of Pennsylvania
Author Webpage
Stephen P. Utkus, Editor
Director of the Vanguard Center for Retirement Research
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