The Pension Factor: Assessing the Role of DB Plans in Reducing Elder Hardships

Source: Frank Porell, Beth Almeida, National Institute on Retirement Security, July 2009

From the summary:
Defined benefit pension income plays a critical role in reducing the risk of poverty and hardship for older Americans. Poverty rates among older households lacking pension income are about six times greater than those with such income.

The study finds that pensions reduce – and in some cases eliminate – the greater risk of poverty and public assistance dependence that women and minority populations otherwise would face.
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