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Full-Text Articles in Retirement Security Law
The Emerging Law Of Portable Retirement Benefits, Paul M. Secunda
The Emerging Law Of Portable Retirement Benefits, Paul M. Secunda
Chicago-Kent Law Review
No abstract provided.
Employers As Risks, Amy B. Monahan
Employers As Risks, Amy B. Monahan
Chicago-Kent Law Review
In evaluating health and retirement security in the United States, much recent work has focused on shortcomings in individual decision making. For example, in explaining why 401(k) plans are suboptimal for achieving retirement security, a significant volume of literature has catalogued the mistakes individuals make when attempting to save for retirement through such plans. This article seeks to move the discussion of suboptimal decision making in a new direction, by focusing on the impact that employer decision making has on the ability of employees to achieve health and retirement security. The article argues that employer decision making regarding whether to …
Defined (Yet Uncertain) Benefit Pension Plans In America, Travis Bayer
Defined (Yet Uncertain) Benefit Pension Plans In America, Travis Bayer
Chicago-Kent Law Review
Despite playing a central role in many public and private employees' retirements, defined benefit pension plans are woefully underfunded. Moreover, the combination of a Baby Boomer retirement bulge and a struggling economy are putting even more pressure on defined benefit plans. This Note examines relevant background information regarding defined benefit pension plans and demographic data of the Baby Boomer generation. This Note then explores how and to what extent states and private employers have created contractual obligations through defined benefit plans and addresses what happens when those contractual obligations are breached. Finally, this Note suggests that litigation cannot provide a …