The Annual Invitation Only Institutional Investors’ Forum March 9 – 12, 2019 Hyatt Regency Hotel Monterey, CA
In 1978 Congress passed the Revenue Act, a tax reform law, in which Section 401(k) cleared the way for the establishment of defined contribution plans. In contrast to defined benefit plans, which had been the norm prior to the Revenue Act, defined contribution plans do not guarantee a specific level of benefits at retirement. Indeed, the level of a worker’s benefit at retirement is largely determined by the strength and health of the economy at the time the worker leaves the work force. Those with defined benefit plans tend to fare much better when they retire. But they, too, have faced challenges in recent years, since many defined benefit pension plans are currently underfunded. Given this landscape, and the shortcomings and problems associated with each option, how have defined benefit plans compared with defined contribution plans nearly 40 years after the Revenue Act?
As our agenda comes together, please let us know if there is a particular area of concern you would like to see addressed and or discussed.