Chapter

A Stress Test for the Private Employer Defined Contribution System

David Wray

in Reshaping Retirement Security

Published in print September 2012 | ISBN: 9780199660698
Published online January 2013 | e-ISBN: 9780191745058 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199660698.003.0008

Series: Pensions Research Council

A Stress Test for the Private Employer Defined Contribution System

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This chapter explores how the private employer-sponsored defined contribution system fared during the financial market implosion followed by a prolonged macroeconomic downturn. While data are still preliminary, we conclude that many plans did well, resulting in little change in employer sponsorship and employee participation. Moreover, account balances and contributions have recovered, boding well for the future.

Keywords: pension; plan sponsors; employee participation; account balance; pension contribution

Chapter.  2600 words.  Illustrated.

Subjects: Pensions

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