Future of Retirement Benefits

Material Information

Subjects / Keywords:: Defined Benefit Plans
Retirement
Defined Contribution Plans
Genre:: Article

Abstract:: Defined benefit plans were the main type of retirement plans offered by companies up until the mid 1980s. From the mid 1980s to the present there has been a dramatic increase in the number of defined contribution plans. Companies discovered that defined contribution plans were more beneficial to the company, which resulted in a large number of companies switching the type of retirement plan they offer. This project will explore the reasons why many companies have switched to defined contribution plans and the methods that they have used to switch plans. The switch in plans places more pressure on the employees to invest their money appropriately in order to have sufficient funds for their retirement. This project discusses the pros and cons of these two kinds of retirement plans. This research conducted by M. Muniz.
General Note:: Quest 2008
General Note:: Submitted by Shannon Pritting (pritting@oswego.edu) on 2008-11-03.
General Note:: Made available in DSpace on 2008-11-03T19:29:56Z (GMT).

Source Institution:: SUNY Oswego
Holding Location:: SUNY Oswego
Rights Management:: All applicable rights reserved by the source institution and holding location.