000			02735nam a2200361 i 4500
001			CR9780511778018
003			UkCbUP
005			20240301142638.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			100519s2010||||enk o ||1 0|eng|d
020			_a9780511778018 (ebook)
020			_z9780521518475 (hardback)
020			_z9781107507326 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aHD7091 _b.M16 2010
082	0	0	_a331.25/2 _222
100	1		_aMackenzie, G. A. _q(George A.), _d1950- _eauthor.
245	1	4	_aThe decline of the traditional pension : _ba comparative study of threats to retirement security / _cGeorge A. (Sandy) Mackenzie.
264		1	_aCambridge : _bCambridge University Press, _c2010.
300			_a1 online resource (x iii, 279 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
505	8		_aMachine generated contents note: Introduction; Part I: 1. The development of employer-provided pensions; 2. The economics of occupational/employer-provided pension plans; 3. Issues in funding and investing; 4. Regulatory issues; 5. Public sector employer-provided pensions and recent innovations in the first tier; Part II: 6. The causes of decline; 7. Policies to address the decline of the traditional pension; 8. Summary and conclusions; Appendix 1. Ten country profiles; Appendix 2. Mathematical treatments and derivations.
520			_aThe traditional (final or average salary) pension that employers have provided their employees has suffered a huge decline in labor force coverage in the United Kingdom and the United States, and less severe declines in Canada and elsewhere. The traditional pension provides a precious measure of retirement security by paying retirees an annuity for life. This study compares developments in the countries just named and in Australia, Denmark, Germany, Japan, Netherlands, Sweden, and Switzerland to explain the forces behind the decline of the traditional pension and to contrast the experience of public sector employer-provided plans, where it remains dominant. Given the great value of the longevity insurance that the traditional plan provides, and the risks its diminished coverage entails, the book proposes a set of measures that either stem the decline or endow defined contribution pensions with some of the attributes of the traditional plan.
650		0	_aPensions.
650		0	_aInvestments.
650		0	_aPortfolio management.
776	0	8	_iPrint version: _z9780521518475
856	4	0	_uhttps://doi.org/10.1017/CBO9780511778018
999			_c9663 _d9663