Improving Security and Flexibility in Retirement
101 Pages Posted: 18 Jun 2020
Date Written: March 1, 2000
This Report aims to identify ways in which the current compulsion to take annuities by age 75 might be amended. It examines the current provision of retirement income for members of defined contribution pension (DC) plans who are obliged to purchase such annuities, regardless of personal circumstances. It also looks at the shortcomings of existing annuities.
JEL Classification: G22
Suggested Citation: Suggested Citation