Defined benefit pensions remain highly economically efficient, or so says the National Institute on Retirement Security.
The institute on Thursday highlighted several key "efficiencies of DB pensions" that enable them to deliver the same retirement income at what it said was half the cost of a typical DC individual account.
According to its study, "Still a Better Bang for the Buck: An Update on the Economic Efficiencies of Defined Benefit Pensions," DB plans continue to be 48 percent cheaper than DC plans — 29 percent cheaper than an "ideal" DC plan — and provide better benefits.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
