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The United States could benefit from a new retirement system model featuring a “hybrid” system consisting of the best elements from defined contribution (DC) and defined benefit (DB) plans, TIAA Institute researchers suggest after studying several countries’ systems.
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 […]
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