Publication Date
12-2004
Journal
Yale Law Journal
Abstract
Pension cognoscenti have frequently remarked on the stagnation of defined benefit pensions and the concomitant rise of defined contribution plans. I suggest that, over the last generation, something even more fundamental has occurred, something that can justly be called a paradigm shift. Americans today primarily conceive of and implement retirement savings in the form of individual accounts. Such accounts have become primary instruments of public policy, not just for retirement savings, but increasingly for health care and education as well.
Volume
114
First Page
451
Publisher
The Yale Law Journal Company, Inc.
Disciplines
Banking and Finance Law | Labor and Employment Law | Law
Recommended Citation
Edward A. Zelinsky,
The Defined Contribution Paradigm,
114
Yale L.J.
451
(2004).
https://larc.cardozo.yu.edu/faculty-articles/535
