... Publishing Limited 2009 Pensions Indexing Savings Investments Many countries around the world face similar problems of funding the retirement of ageing populations, now increasingly through defined contribution schemes. Defined contribution plans are pension schemes which are essentially...

... benefits reflects the increasing costs of deferral to the employers. This increases the employees' responsibilities to save on their own. This also would shift the retirees' dependence on the public pension system for their retirement income. The trend to favor defined‐contribution plans instead of defined...