Resurrecting the Defined Benefit Pension Plan: A New Perspective

33 Pages Posted: 2 Nov 2005

See all articles by Douglas Fore

Douglas Fore

Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA-CREF)

P. Brett Hammond

Capital Group

Date Written: 2005

Abstract

Under the traditional approach to defined benefit plans, well-intended disciplinary and regulatory regimes have sought to restrict discretion, reduce uncertainty and risk, and protect workers and employers. Nevertheless the discouraging state of US defined benefit plans indicates that past efforts have gone awry. This chapter suggests that a new approach to defined benefit plans could resurrect the key elements required for retirement income security, rather than pursuing piecemeal reform.

Suggested Citation

Fore, Douglas C. and Hammond, Paul Brett, Resurrecting the Defined Benefit Pension Plan: A New Perspective (2005). Pension Research Council WP2005-15, Available at SSRN: https://ssrn.com/abstract=830047 or http://dx.doi.org/10.2139/ssrn.830047

Douglas C. Fore (Contact Author)

Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA-CREF) ( email )

730 Third Avenue
New York, NY 10017-3206
United States

Paul Brett Hammond

Capital Group ( email )

333 S. Hope Street, 53rd Floor
Los Angeles, CA 90071
United States

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