• January 6, 2022
This analysis finds that defined benefit (DB) pension plans offer substantial cost advantages over 401(k)-style defined contribution (DC) accounts. A typical pension has a 49 percent cost advantage as compared to a typical DC account, with the cost advantages stemming from longevity risk pooling, higher investment returns, and optimally balanced investment portfolios. A Better Bang […]
• December 14, 2014
New research finds that pension plans are a far more cost-efficient means of providing retirement income as compared to individual defined contribution accounts.
• October 1, 2011
This report finds that New York City’s defined benefit pension plans can deliver the same retirement income at nearly 40% lower cost than defined contribution 401(k)-type individual accounts.
• August 1, 2008
Pension plans are a far more cost-efficient means of providing retirement income compared to individual defined contribution accounts.