Staff
Many commentators assert that Americans are saving less for retirement as a result of the shift from DB to DC plans.
But a Center for Retirement Research at Boston College report finds that after various adjustments, the percentage of salary going towards retirement saving has declined slightly.
Read: Shift to DC leads to higher costs: Report
But if returns on asset accumulations are included, the annual change in pension wealth is relatively steady, so the shift to DC plans has not led to less total saving.
“What has changed is not the amount of saving going on, but rather who is bearing the risk,” says the report.
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