Rethinking Defined Contribution Retirement Plan Design

Paul J. Yakoboski
Principal Research Fellow
TIAA-CREF Institute

March 2011 |

Many workers make decisions about saving and investing for retirement that are unlikely to produce an adequate retirement income. On December 3, 2010, the TIAA-CREF Institute hosted a forum that convened experts in behavioral economics, actuarial science, decision-making, and financial education and advice to examine creative uses and combinations of defined contribution plan features, product designs and participant services to address the retirement income needs of a heterogeneous workforce. This Trends and Issues summarizes and synthesizes the forum’s presentations and discussions.

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