As of May 1988, over 8 million workers had received their pension benefits as lump-sum distributions (LSDs) when they …

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

retirement age has only a negligible effect. When the projected aging of the population is taken into account, the case for a … 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 …

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 When pension plan assets are withdrawn in lump-sum distributions before retirement … 401(k) plans to save for retirement. …

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