Economic ResearchPublicationsSpecialsUS retirement at risk

US retirement at risk

Service & Contacts

Dr. Lorenz Weimann

Allianz SE
Phone +49.69.24431-3737
Fax +49.69.24431-6791

Send email

Receive the latest Allianz news and information about upcoming events.

Newsletter

Follow Economic Research on Twitter

More

  • Contact

  • Newsletter

  • Social Media

This report by Allianz Global Investors argues that the US pension landscape is in a state of transition and, as a result, the population will be exposed to ever more retirement risks. The role of Social Security is uncertain and employers are continuing to move away from guaranteeing pension benefits. As a result, there has been an evident shift from collective to individual responsibility.


, Sep 30, 2008

The evident transition in the US pension landscape can be identified by three trends:

I. Less generous Social Security benefits.

II. A continuing shift from defined benefit to defined contribution pension plans, leaving employees holding more of the risks associated with capital markets and longevity.

III. A structural shift in company pension plans towards individual pension plans, such as Individual Retirements Accounts (IRAs).