In May 2013, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) published an advance notice of proposed rulemaking (ANPRM) focusing on lifetime income illustrations. Since the concept of lifetime income illustrations on 401(k) statements is a relatively new...

This paper quantifies how workers are likely to be affected by pension freezes, and how much they would have to save in a 401(k) plan - whether provided by their employer and/or saved by themselves - to offset the loss of accrued benefits from the pension freeze. The analysis notes that how an...

This paper is the first of a two-part series intended to sort through some of the issues and variations in determining whether the post-World War II baby boom generation is likely to achieve an "acceptable" standard of living in retirement. A recent study by Hewitt Associates shows that the...

This paper begins with an overview of the private defined benefit plan system, with an emphasis on the various types of retirement income risk that exist and whether they are addressed (and if so, how effectively) by various plan designs. The focus then turns to issues concerning sponsoring,...

American retirees will have at least $45 billion less in retirement income in 2030 than what they will need to cover basic expenditures and any expense associated with an episode of care in a nursing home or from a home health care provider. The aggregate deficit in retiree income during the...

This article examines the results of the sixth annual Small Employer Retirement Survey (SERS), regarding retirement plan sponsorship among decision makers in 300 small employers (companies with five to 100 full-time workers) without retirement plans. Revenue uncertainty is the reason most often...

This paper presents key findings from the 26th annual Retirement Confidence Survey (RCS), a survey that gauges the views and attitudes of working-age and retired Americans regarding retirement, their preparations for retirement, their confidence with regard to various aspects of retirement, and...

EBRI previously published extensive analysis that focused on the EBRI Retirement Readiness Ratings™ -- the probability that households will not run short of money in retirement. This paper expands the earlier analysis by providing similar analysis of the EBRI Retirement Savings Shortfalls...

For years, EBRI research has documented and quantified the role of Social Security, defined benefit and private retirement accounts on retirement income adequacy for Baby Boomers and Gen Xers in the United States. This paper summarizes that research and presents new evidence on the importance of...

This paper presents key findings from the 23rd annual Retirement Confidence Survey (RCS), a survey that gauges the views and attitudes of working-age and retired Americans regarding retirement, their preparations for retirement, their confidence with regard to various aspects of retirement, and...