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Mature man is hired to handle outreach to senior adults

Abstract This paper provides new insights into the effect of the widespread transition from defined benefit (DB) to defined contribution (DC) pension plans on employee mobility.  Pension plans may affect employee mobility both through an “incentive effect,” where the bundle of benefit characteristics, such as vesting rules, relative liquidity and the risk/return tradeoff affect turnover…

elderly man inserting credit card to ATM

New numbers suggest caution about cutting future Social Security benefits Now that the election is over, it’s time to pay attention to some of the nation’s underlying problems.  One important concern is the inadequacy of the nation’s retirement income system.  The National Retirement Risk Index (NRRI) shows the share of working households who are “at…