TITLE

The Global Outlook for Defined Contribution Versus Defined Benefit Pension Plans

AUTHOR(S)
Dent, Kevin; Sloss, David
PUB. DATE
March 1996
SOURCE
Benefits Quarterly;1996 First Quarter, Vol. 12 Issue 1, p23
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article discusses the different plan characteristics of defined benefit and defined contribution pension plans, compares their major features and discusses their use in different countries. Cross-national trends are analyzed, with discussion of outlook for both types of pension plans. The authors discuss in detail the advantages and disadvantages of both plan types, as well as the prevalence of each being established as new pension plans across countries. They further discuss the reasons for the trend toward defined contribution plans and the difficulty of converting existing plans from defined benefit to defined contribution pension plans. Finally, the article explains future trends and developments, including the increase in alternative benefit structures such as cash balance and hybrid plans.
ACCESSION #
13202272

 

Related Articles

  • Indexed assets roar back to cover 2 years of decline. Kozlowski, Rob // Pensions & Investments;1/26/2004, Vol. 32 Issue 2, p31 

    Indexed assets among the top 200 defined benefit and defined contribution plans experienced healthy growth during the 12 months ended September 30, gaining back much of the ground lost in two years of decline, according to the annual survey of the largest employee benefit plans. Total...

  • Defined Benefit Versus Defined Contribution Plans: An Attempt at a Valid Comparison. Cowden, Jere L.; Loomis, G. Herbert // Benefits Quarterly;1986 Second Quarter, Vol. 2 Issue 2, p36 

    Attempts have been made to compare defined benefit plans with cash accumulation or defined contribution plans since their creation. Such comparisons are not simple and, in the authors' opinion, often are distorted due to lack of sophistication or possibly due to a desire to deliberately mislead....

  • Rearrange perceptions. Furness, Victoria // Employee Benefits;Mar2008, p52 

    The article focuses on the response of most employees about pensions restructure in a certain organization. According to Naomi Cooke, GMB national pensions officer, the news that an organization intends to change its arrangements is unlikely to be welcomed, particularly if it involves a move...

  • The Lure of Stable Value.  // Pensions & Investments;8/5/2013 Supplement, Vol. 41, p13 

    The article discusses the increasing popularity of stable value defined contribution plans in the U.S. Topics covered include the benefits of participants from stable value especially those who are nearing retirement, use of amortizing mechanism in stable value plans and concern related to the...

  • Which pension model holds the most promise for China: a funded defined contribution scheme, a notional defined contribution scheme or a universal social pension? Williamson, John B.; Ce Shen; Yinan Yang // Benefits: The Journal of Poverty & Social Justice;Jun2009, Vol. 17 Issue 2, p101 

    Faced with concerns about how to finance pensions for present and particularly future retirees, Chinese policy makers concluded that their traditional defined benefit pension scheme was not going to be sustainable. They, like pension policy makers around the world, have been looking for...

  • Workers in Defined-Contribution Plans Retire Later...  // Journal of Financial Planning;Aug2004, Vol. 17 Issue 8, p18 

    Workers in defined-contribution retirement plans retire two years later on average than workers in defined-benefit plans, according to a study by Leora Friedberg and Anthony Webb. The authors attribute much of the difference to the fact that pension wealth accrues better in a...

  • benefit trends. Stich, Julie // Benefits Magazine;Jan2016, Vol. 53 Issue 1, p10 

    The article discusses the recent trends in multiemployer retirement plans in the U.S. Topics discussed include the highlights of the report titled "The Multiemployer Retirement Plan Landscape: A Ten-Year Look (2004-2013)," the greater increases seen in the defined benefit plans' cash outflow as...

  • Average asset mix of the top 1,000 plans.  // Pensions & Investments;1/26/2004, Vol. 32 Issue 2, p23 

    Presents the ranking of the defined benefit pension plans and defined contribution plans in the U.S. for years 2002 and 2003.

  • DEFINED CONTRIBUTION PENSION PLANS-CLOSING THE GAP. Grabb, Victoria E. // Plans & Trusts;Sep/Oct2014, Vol. 32 Issue 5, p12 

    The article discusses the role of the sponsors of defined contribution (DC) pension plan to help the member to achieve retirement security and to monitor their investments. It highlights several factors that help close the gap between DC plans and defined benefit (DB) plans such as education and...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics