ERIC Number: ED399833
Record Type: Non-Journal
Publication Date: 1995-Mar
Reference Count: N/A
The Retirement Security of the Baby Boom Generation.
Shoven, John B.
Research Dialogues, n43 Mar 1995
The baby boom generation faces added uncertainty on their investments and perhaps lower realized rates of return on all components of their retirement savings, primarily because of their large number. Effects will be felt in the Social Security system and by pension plans and private investors. Individuals, employers, pension fund managers, and public policy makers should consider these factors in planning now. Policy makers should consider easing the regulations limiting pension contributions, structure Social Security more viably, and inform the public about the advantages of saving. Employers with defined benefit plans should examine their programs' funding status and assumptions about future return rates on assets. Employers sponsoring defined contribution plans should examine the adequacy of their contribution rates and those of employees. All tax-preferred savings opportunities that the government allows should be made available by employers. Individual baby boomers must become better informed about the uncertainties ahead, preferably increasing savings and diversifying investments. (MSE)
Descriptors: Baby Boomers, College Faculty, Economic Change, Economic Factors, Economic Impact, Federal Regulation, Higher Education, Investment, Policy Formation, Public Policy, Retirement, Retirement Benefits, School Personnel, State Regulation, Trend Analysis
TIAA-CREF, 730 Third Avenue, New York, NY 10017-3206 (free).
Publication Type: Reports - Evaluative; Collected Works - Serials
Education Level: N/A
Authoring Institution: Teachers Insurance and Annuity Association, New York, NY. College Retirement Equities Fund.
Identifiers - Laws, Policies, & Programs: Social Security