Private Pensions
Sub-Title:
Some Key Features Lead to an Uneven Distribution of BenefitsAuthor:
Charles A. JeszeckPublisher:
DIANE Publishing CompanyPublication Date:
08-01-2011ISBN:
9781437985252Pages:
68Subjects:
LawAvailable as:
Paperback, 9781437985252Description:
Despite sizable tax incentives, private pension participation has remained at about 50 percent of the workforce. For those in a pension plan, there is concern that these incentives accrue primarily to higher income employees and do relatively little to help lower income workers save for retirement. This report examined: (1) recent trends in new private pension plan formation; (2) the characteristics of defined contribution plan participants contributing at or above statutory limits; (3) how suggested options to modify an existing credit for low-income workers might affect their retirement income; and (4) the long-term effects of the recent financial crisis on retirement savings. Charts and tables. This is a print on demand report.
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