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Why do employees increasingly prefer defined contribution plans to defined benefit plans? How is Social Security different from a private defined benefit plan? When and

  1. Why do employees increasingly prefer defined contribution plans to defined benefit plans?
  2. How is Social Security different from a private defined benefit plan? When and why is Social Security projected to become insolvent?
  3. How sound is the PBGC? How much do firms pay for pension fund insurance? Describe the Pension Protection Act of 2006.
  4. What are the main provisions of ERISA?
  5. How do public pension plans differ in other countries? Has privatization worked overseas?

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