Defined Contribution Retirement Plans Should Look and Feel More Like Defined Benefit Plans

被引：1
|
作者：
Ilmanen, Antti [1 ]
Kabiller, David G. [1 ]
Siegel, Laurence B. [2 ]
Sullivan, Rodney N. [1 ]
机构：
[1] AQR Capital Management, Greenwich, CT 06830 USA
[2] CFA Inst Res Fdn, Res, Charlottesville, VA USA
来源：
JOURNAL OF PORTFOLIO MANAGEMENT | 2017年 / 43卷 / 02期
关键词：
LIFETIME;
D O I：
10.3905/jpm.2017.43.2.061
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Defined benefit (DB) pension plans are, in principle, the best vehicles for delivering retirement income, but the structure that is substituting for them - the defined contribution (DC) plan - has, to this point, delivered uneven and often inadequate results. The authors believe that DC sponsors can do much better in the future by adopting the best features of DB plans while maintaining many important advantages of DC plans. They show how outcomes for investors using DC plans can be greatly improved. © 2017, Institutional Investor, Inc. All rights reserved.
引用
收藏
页码：61 / 76
页数：16
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