Chapter

Chapter Chapter <b>Restructuring the Defined Benefit Pension</b>

P.Brett Hammond and Douglas Fore

in Restructuring Retirement Risks

Published in print August 2006 | ISBN: 9780199204656
Published online September 2006 | e-ISBN: 9780191603822 | DOI: http://dx.doi.org/10.1093/0199204659.003.0009
Chapter  Chapter   Restructuring the Defined Benefit Pension

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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 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.

Keywords: pension reform; pension supervision; pension regulation; defined contribution

Chapter.  8577 words. 

Subjects: Financial Markets

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