US - The Government Accountability Office (GAO) report on the long-term adequacy of defined contribution (DC) pension schemes has been criticised for taking a narrow view of the sector, using incomplete, outdated information and ignoring the findings of other studies which cast doubt on its findings.
The Profit Sharing/401(K) Council of America (PSCA) issued a rebuttal of many of the findings of the GAO report, reported by globalpensions.com yesterday. The GAO said low income earners had a ...
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