Defined Contribution Plans and the Challenge of Financial Illiteracy

The Harvard Law School Forum on Corporate Governance and Financial Regulation 2019-06-14

Summary:

Retirement saving in the United States has changed dramatically. The classic defined-benefit (DB) plan has largely been replaced by the defined-contribution (DC) plan. With the latter, individual employees’ decisions about how much to save for retirement and how to invest those savings determine the benefits available to them upon retirement. This system relies on employees […]

Link:

https://corpgov.law.harvard.edu/2019/06/14/defined-contribution-plans-and-the-challenge-of-financial-illiteracy/

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Blogs.law Aggregation Hub » The Harvard Law School Forum on Corporate Governance and Financial Regulation

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Date tagged:

06/14/2019, 12:13

Date published:

06/14/2019, 09:19