Study cites lower participation in defined-contribution plans

02/6/2013 | BenefitsPro.com

Fewer people have pensions or put money into defined-contribution plans now compared with 2001, according to a study by University of Michigan researchers. "Our analysis confirms what everyone suspected -- people are using their retirement accounts to help when their kids are going to college or their spouse loses a job," said Frank Stafford, co-author of the study.

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