Cost Shifting and the Freezing of Corporate Pension Plans

by Federal Reserve Board

Many U.S. corporations have frozen defined benefit (DB) pension plans, replacing new DB promises with contributions to defined contribution (DC) plans. We estimate expected DB accruals from the age-service and salary distributions of a large sample of U.S. corporate pension plans with more than 1,000 employees. Comparing the counterfactual DB accruals to the actual increase in 401(k) and other DC contributions for firms that freeze, we find only partial...

• Format: Paperback
• Language: English
• ISBN: 150322371X
• ISBN13: 9781503223714
• Release Date: November 2014
• Publisher: Createspace Independent Publishing Platform
• Length: 54 Pages
• Weight: 0.33 lbs.
• Dimensions: 0.1" x 8.5" x 11.0"