Bizzia, July 30, 2009
A recent study, entitled “The Pension Factor: Assessing the Role of Defined Benefit Plans in Reducing Elder Hardships”, had some interesting findings. The main theme of the study is that having a defined benefit pension lowers the risk of hardship and poverty for Americans during their retirement years. In fact, not having a defined benefit pension raises the chances of facing hardship and poverty in retirement years by six times.
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