Why We Need a Pension Revolution
主张全球职场养老金安排需要一场革命，从“非此即彼”转向“兼收并蓄”的思维，结合固定收益和固定缴费计划的优点，并重新设计养老金交付机构，以提升覆盖、充足性和确定性。
A broad consensus exists that workplace pension arrangements around the world are sick and in need of strong medicine. Rather than resurrect the traditional defined-benefit (DB) plan or broaden defined-contribution (DC) plan coverage, this article argues that we move from an “either/or” to an “and/and” mindset to improve global workplace pension coverage, adequacy, and certainty. Pension arrangements can combine the best of DB and DC plans and minimize the impact of their less-attractive features. However, we must also redesign the institutions through which workplace pensions are delivered. The ideal pension-delivery institution is expert, has scale, and acts solely in the best interests of plan participants.