(Jan. 21, 2014) American actuaries are looking at how retirement plans could be structured to meet the needs of stakeholders in the retirement system, reports Benefits Canada.
The American Academy of Actuaries is examining retirement systems, and also public policies that impact those systems, reports Benefits Canada, with its new initiative, Retirement for the AGES, which seeks to provide a framework for efficient and effective retirement plans.
The framework, reports Benefits Canada, will allow for plans, systems and proposals to be objectively scored, providing insights into how effective they are at meeting retirement-income needs, and how improvements might be made.
“What has been missing in the debate over America’s retirement systems, and how to improve them, is a common framework for evaluating them,” Benefits Canada quotes Academy president Tom Terry as saying. “Often retirement-income systems are so complex that it’s hard to judge whether they have been well-designed.”
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ARIA provides a forum for an informed discussion on retirement income adequacy, and other related issues, including pension and retirement coverage, and defined benefit pension plans.

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