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Guaranteeing Defined Contribution Pensions: The Option to Buy-Back a Defined Benefit Promise

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NBER2002-01-01 更新2025-01-04 收录
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After a long commitment to defined benefit (DB) pension plans for US public sect or employees, many state legislatures have introduced defined contribution (DC) plans for their public employees. In this process, investment risk which was previously borne by state DB plans has now devolved to

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2002-01-01
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