TITLE

Salary Reduction Plans

AUTHOR(S)
Salisbury, Dallas L.; Silverman, Celia M.; Yakoboski, Paul J.
PUB. DATE
June 1994
SOURCE
Benefits Quarterly;1994 Second Quarter, Vol. 10 Issue 2, p10
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The increased role played by salary reduction plans in the U.S., such as 401(k) plans, as both primary and supplemental retirement income vehicles is a dramatic development in employment-based pension plans. Such plans allow workers to set aside a portion of their salary on a before tax basis in a retirement savings vehicle. Assets accumulate on a tax-sheltered basis in the plan; income tax is owed once funds are distributed. Such plans involve explicit worker decision-making regarding retirement savings. This article argues that salary reduction plans have become an integral part of the employment-based pension system and deserve consideration by policy makers examining retirement prospects for the baby boom.
ACCESSION #
13228779

 

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics