As lifespans get longer and workers’ access to DB plans decrease, researchers make the case for a "hybrid" system to support retirees.
A new report from the TIAA Institute is calling for significant reforms to the US retirement system, emphasizing the need for a modernized approach to address the evolving challenges faced by today’s retirees.
The report, titled The Future of Retirement Security, examines the retirement systems of seven countries, highlighting how they have transitioned from defined benefit to defined contribution plans.As life expectancy increases and fewer employees have access to traditional pension plans, many nations are grappling with the challenge […]
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