Jump to ContentJump to Main Navigation
Reorienting Retirement Risk Management$
Users without a subscription are not able to see the full content.

Robert L. Clark and Olivia S. Mitchell

Print publication date: 2010

Print ISBN-13: 9780199592609

Published to Oxford Scholarship Online: September 2010

DOI: 10.1093/acprof:oso/9780199592609.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 16 June 2019

The Declining Role of Private Defined Benefit Pension Plans: Who Is Affected, and How

The Declining Role of Private Defined Benefit Pension Plans: Who Is Affected, and How

Chapter:
(p.122) Chapter 7 The Declining Role of Private Defined Benefit Pension Plans: Who Is Affected, and How
Source:
Reorienting Retirement Risk Management
Author(s):

Craig Copeland

Jack VanDerhei

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199592609.003.0007

This chapter analyzes the impact of future freezes among corporate defined benefit (DB) pension plans. The authors simulate the impact on expected future pension wealth by assuming all existing private DB plans immediately freeze accruals for new employees. While this indicates the potential reduction in retirement wealth attributable to such plans, it does not recognize that sponsors freezing accruals may increase employer contributions to existing defined contribution (DC) plans or establish new DC plans. Using an empirical distribution of enhanced contributions to DC plans from sponsors freezing their DB plans, they evaluate the nominal annuity that could be purchased at retirement age from these enhanced contributions and back out the net pension loss experienced by employees in the future.

Keywords:   pension freeze, pension wealth, defined contribution, defined benefit, annuity, pension loss

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .