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After studying international retirement systems, researchers from the TIAA Institute are proposing a new U.S. model featuring a “hybrid” system consisting of the best elements from defined contribution (DC) and defined benefit (DB) plans.
In noting that the average retiree can now expect to spend about two decades in retirement, roughly double the time from 50 years ago, the study ( The Future of Retirement Security ) looks at how seven countries have adapted their retirement systems to account for these extended lifespans and other challenges.Countries selected for the study include: the United States, the United Kingdom, Canada, Australia, […]
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