RT Journal Article
SR Electronic
T1 Practical Applications of Defined Contribution Retirement Plans Should Look and Feel More Like Defined Benefit Plans
JF Practical Applications
FD Institutional Investor Journals
SP 1
OP 5
DO 10.3905/pa.2017.5.2.239
VO 5
IS 2
A1 Antti Ilmanen
A1 David G. Kabiller
A1 Laurence B. Siegel
A1 Rodney N. Sullivan
YR 2017
UL https://pm-research.com/content/5/2/1.8.abstract
AB Defined contribution (DC) retirement plans have largely replaced defined benefit (DB) pension plans, but DC plans, which were designed to be supplements to pensions, aren’t currently positioned to solve the looming retirement crisis in the United States.In Defined Contribution Retirement Plans Should Look and Feel More Like Defined Benefit Plans , Antti Ilmanen, David Kabiller, and Rodney Sullivan of AQR and Laurence Siegel of the CFA Institute Research Foundation show that DC retirement plans, as they currently stand, are inadequate to meet the challenges of our looming retirement crisis.They describe how the addition of features borrowed from DB plans can help DC plans improve retirement outcomes through better risk management and improved diversification of portfolios.