The contributors to this volume assess the impact of policies and regulations and provide detailed analysis of specific components of the pension system, including taxation, Social Security reform, hybrid plans, pension guarantees, and nondiscrimination rules

The private pension system, together with Social Security, has provided millions of Americans with income security in retirement. But over the past thirty years, pension coverage has stagnated, leaving behind some vulnerable groups. Defined contribution plans have exposed workers to greater...

The introduction of individual accounts as part of Social Security reform has received a great deal of attention in the United States and the rest of the world. There have been arguments for or against converting the existing unfunded defined-benefit Social Security system into a two-tier...