Abstract and Keywords
In the American retirement income picture, private pensions occupy a critical but underused place. Roughly one-half of Americans do not have private pension coverage, and those who do not tend to be concentrated in the lower levels of the overall income distribution. Pension coverage and adequacy are reviewed here as is the place of private pensions in assuring income adequacy in old age. Pressures on Social Security and “traditional” pensions will make the place of defined contribution (401k-type plans) increasingly important to older individuals, including social workers.
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