the normal retirement age from sixty-six to seventy-three, or 4) means-test the benefits and reduce them one-to-one with …

reforms: 1) a reduction in benefits and payroll taxes; 2) an increase in the earliest retirement age, to sixty-four from sixty …-two; and 3) an increase in the normal retirement age, to sixty-eight from sixty-six. We find that a 50 percent cut in the scope … normal retirement age also raises saving and the labor supply, but the effects are smaller. Postponing the earliest …

not grow with the rate of matching. When pension plan assets are withdrawn in lump-sum distributions before retirement … 401(k) plans to save for retirement. …

The growth of defined contribution plans has sparked debate concerning their effectiveness as a vehicle for retirement … whether DC plans have expanded overall pension coverage and whether their effects on retirement saving are the same across …