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Restructuring Retirement Risks

Online ISBN:
9780191603822
Print ISBN:
9780199204656
Publisher:
Oxford University Press
Book

Restructuring Retirement Risks

David Blitzstein (ed.),
David Blitzstein
(ed.)
Director of the United Food and Commercial Workers Union (UFCW) Negotiated Benefits Department
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Olivia S. Mitchell (ed.),
Olivia S. Mitchell
(ed.)
International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management, the Executive Director of the Pension Research Council, and the Director of the Boettner Center on Pensions and Retirement Research at the Wharton School, University of Pennsylvania
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Stephen P. Utkus (ed.)
Stephen P. Utkus
(ed.)
Director of the Vanguard Center for Retirement Research
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Published online:
1 September 2006
Published in print:
3 August 2006
Online ISBN:
9780191603822
Print ISBN:
9780199204656
Publisher:
Oxford University Press

Abstract

This book posits that retirement security is the central policy concern of our time. A generation of ‘Baby Boomers’ is on the verge of retirement, yet pension systems confront crushing challenges, and governments often appear confused about which direction they should move in. The book addresses the question: ‘What are the new risks and rewards in pensions, and what paths can stakeholders chose to solve these problems?’ In doing so, it explores three aspects of the evolution of risk and reward-sharing in retirement in order to offer guidance to pension fiduciaries, plan participants, and policymakers. First, it focuses on new perspectives for assessing retirement risks and rewards. Second, it evaluates efforts to insure retirement plans. Lastly, it provides several new strategies for managing retirement system risk.

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