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Policymakers should maintain and strengthen top-heavy rules so that benefits are distributed equitably among plan participants.
The amount available to fund people’s retirement in a defined contribution (DC) plan depends on two factors: how much they save over the course of their working lives and whether they withdraw the
Policymakers should facilitate greater portability of retirement plans for workers who change jobs.
Retirement plan distribution rules should be simplified to improve long-term economic security.
Rollovers of lump-sum retirement benefits into another retirement vehicle should be automatic. Regulations should discourage access to such funds before retirement.
Plan participants should receive their guaranteed benefits from the Pension Benefit Guaranty Corporation when an employer files for bankr
Vesting in a retirement plan means different things for participants in defined benefit (DB) and defined contribution (DC) plans.
The maximum vesting period for employers’ contributions to 401(k) plans should be no more than one year.
Social Security integration is an employer practice related to the calculation of the retirement benefits employees receive from a defined benefit (DB) retirement plan.
Pension benefits, from either public or private plans, should not be reduced as a result of Social Security benefits.