TITLE

Younger workers hurt when boomers can't afford to retire

AUTHOR(S)
WHITE, JANE
PUB. DATE
October 2008
SOURCE
Employee Benefit News;Oct2008, Vol. 22 Issue 13, p61
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article explores the impact of the inability of the baby boomers to retire on younger workers in the U.S. It relates the insufficient retirement income of baby boomers scheduled to retire in 2011. Information is presented on the expenditures of companies related to older workers. It discusses the implications of the decision of employers to switch from defined benefit pension plans to 401(k) plans.
ACCESSION #
34802437

 

Related Articles

  • Retirement security hinges on DB plans. Strauss, David H. // Employee Benefit News;Jan1999, Vol. 13 Issue 1, p9 

    Reports that the challenge of providing retirement income security for the baby boom generation and others nearing retirement is one of the most compelling domestic challenges facing the United States. Reasons the challenge is compelling; Findings of an Employee Benefit Research Institute...

  • House Weighs Hybrid Retirement Plan. Libcnnan, Gail // Money Management Executive;12/13/2004, Vol. 12 Issue 49, p1 

    The article reports that a bill introduced in the U.S. House of Representatives would permit employers to offer a hybrid defined benefit plan and defined contribution plan with employees receiving a single statement. The new type of investment vehicle, dubbed as "DB(k)," was introduced by...

  • Economy Affected Retirement Security for Women. Moore, Rebecca // Plan Sponsor News;2014, p125 

    The article focuses on the survey results from the Insured Retirement Institute which reveals that many women are facing financial challenges due to the economy, which affect their retirement readiness and outlook. It states that the economy has a detrimental effect on Generation X women. It...

  • Trends in Retirement Income.  // On Wall Street;Apr2012, Vol. 22 Issue 4, pA1 

    The article discusses retirement income trends given that 7,000 Baby Boomers are retiring daily with uncertain Social Security sustainability and continued pension defined benefit decline. The study "Evolution of the Annuity Industry: Analyzing, Growth, Trends, and Opportunities," of Cogent...

  • Helping Boomer Pre-Retirees Overcome Their Unique Challenges. Chard, Gary // National Underwriter / Life & Health Financial Services;10/27/2003, Vol. 107 Issue 43, p20 

    Presents the ways in helping baby boomer pre-retirees overcome the challenges of retirement. Factors that lead to an even greater reliance on the 401(k) plan; Development of the a plan for generating a monthly income stream; Key advantages of the strategies.

  • Retirement resources fade away. Sher, Lawrence J. // Business Insurance;5/15/2006, Vol. 40 Issue 20, p12 

    The article presents views on the least amount of retirement resources that Baby Boomers and their children will receive in the U.S. It is said that 401 (k) plans will not be sufficient for the Baby Boomers. Low wage earners who are eligible to 401(k) plan fail to make the maximum contribution...

  • Auto-enrollment 'lite' appeals to many employers. Hirschman, Carolyn // Employee Benefit News;Dec2005, Vol. 19 Issue 15, p47 

    The article discusses issues surrounding automatic enrollment of 401(k) plans. According to consultants, automatic enrollment does not make sense for plan sponsors with defined benefit plans, high 401(k) participation rates already, high turnover and those without paternalistic culture. The cost...

  • Hybrid Plans: The Next Big Thing. Caudill, April K. // Journal of Financial Service Professionals;Mar2007, Vol. 61 Issue 2, p31 

    The article examines how hybrid pension plans could become the preferred choice for retirees. Hybrid plans are attributed to various types of pension plans, but the common thread is that they combine features of defined-benefit and defined contribution designs. The article points out that hybrid...

  • Honey, I shrunk the pension. Snyder, Mark // Long Island Business News (7/1993 to 5/2009);8/19/2005, Vol. 52 Issue 34, p10A 

    Comments on the decline in the number of defined-benefit pension plans in the U.S. Dependence of the amount received at retirement on how an employee worked for the company and what the salary was at retirement time; Benefits offered by 401(k) and profit-sharing plans in allowing workers to...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics