Pension Portability and Preservation - Issues and Proposals: T-Hrd-88-24 (Paperback)


GAO examined pension portability and preservation for workers who have vested pension benefits, focusing on: (1) how job mobility affected workers' pension incomes in retirement; (2) types of portability and preservation arrangements; and (3) legislative proposals designed to enhance pension portability and preservation. GAO found that: (1) workers vested in a series of defined benefit plans could suffer retirement income losses, while those vested in a series of defined contribution plans would not experience a job mobility loss if they kept their vested pension assets in the plans or rolled them over into another plan; (2) the private pension system had limited pension and service portability; (3) many employees spent rather than preserved their cashed-out pension assets when changing jobs; and (4) implementation of current proposals would entail difficult economic tradeoffs by employers, employees, and the government.

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Product Description

GAO examined pension portability and preservation for workers who have vested pension benefits, focusing on: (1) how job mobility affected workers' pension incomes in retirement; (2) types of portability and preservation arrangements; and (3) legislative proposals designed to enhance pension portability and preservation. GAO found that: (1) workers vested in a series of defined benefit plans could suffer retirement income losses, while those vested in a series of defined contribution plans would not experience a job mobility loss if they kept their vested pension assets in the plans or rolled them over into another plan; (2) the private pension system had limited pension and service portability; (3) many employees spent rather than preserved their cashed-out pension assets when changing jobs; and (4) implementation of current proposals would entail difficult economic tradeoffs by employers, employees, and the government.

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Product Details

General

Imprint

Bibliogov

Country of origin

United States

Release date

June 2013

Availability

Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.

First published

June 2013

Creators

,

Dimensions

246 x 189 x 2mm (L x W x T)

Format

Paperback - Trade

Pages

34

ISBN-13

978-1-289-12755-8

Barcode

9781289127558

Categories

LSN

1-289-12755-7



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