Where Retirement Works

Fox, Justin
July 2007
Time International (South Pacific Edition);7/9/2007, Issue 26, p54
The article discusses the problems nations face in funding retirement pensions for their workers and differentiates between defined-benefit (DB) and defined contribution (DC) plans. With DB plans, the corporation is largely responsible for paying off a retirement income. In a DC plan, the worker and sometimes the company set aside money for retirement. The article highlights the Netherlands' more DC-like plan in which investment risks are shared by all members of a pension fund.


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