Questions are often raised about who is entitled to death or survivor benefits from a federally regulated employee benefit plan, whether for federal employees, or for private employees by a plan governed by ERISA. The following principles generally resolve these questions: • Federal law does...

In 2010, increasing the retirement age became a focal point of Social Security reform proposals. In a controversial move, President Obama's bipartisan National Commission on Fiscal Responsibility and Reform recommended increasing the full retirement age from 67 to 69 and the age at which...

In 2008, the oldest of 78 million baby boomers will celebrate their 62nd birthdays. Before they blow out their birthday candles, they will have considered and likely decided whether to elect to take early Social Security retirement benefits (SSRBs). Recent and evolving changes in the normal...

This Article explores the influence of the pension system on corporate governance, which has so far received little attention in the corporate law literature. While the shareholder-centric view of corporate governance is strong today, this is a relatively recent development. “Managerial...

This Article explains how to create “survivor funds” — short-term investment funds that would pay more to those investors who live until the end of the fund's term than to those who die before then. For example, instead of just investing in a 10-year bond and dividing the proceeds among...

Many studies show that workers make poor decisions about pension savings. Policy responses to these failures include social security retirement arrangements, tax benefits for pension savings and, in some countries, also mandatory private savings towards retirement. This study examines the...

Much attention has been paid to the significant underfunding of many state and local employee pension plans, as well as efforts by states and cities to alleviate that underfunding by modifying the benefits provided to workers. Yet relatively little attention has been paid to the systemic causes...

This article explores the influence of the pension system on corporate governance, which has so far received little attention in the corporate law literature. While the shareholder-centric view of corporate governance is strong today, this is a relatively recent development. “Managerial...

Since 2008, Israel is gradually implementing a universal mandatory pension arrangement. The arrangement is found to have had a significant effect: about half of the employees that did not contribute to a pension arrangement in 2007, and continued working in 2008, began to save. In comparison,...