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Category: Press Release

  • Press ReleaseAugust 14, 2008

    Pensions Can Provide Retirement Income at Half the Cost of Individual Accounts

    August 14, 2008, Washington, D.C. – A new report finds a defined benefit (DB) pension can deliver the same retirement income at 46% lower cost than an individual defined contribution (DC) account. The analysis calculates that DB pension plans: Avoid the problem of “over-saving” by pooling the longevity risks of large numbers of individuals – resulting in a 15% cost […]