US - With pensions funds forced to absorb steep losses during the economic downturn, questions are being asked about the ability of 401(k) defined contribution (DC) plans to provide retirees with sufficient funds, compared with defined benefit (DB) plans.
The Employee Benefit Research Institute (EBRI) confirmed that for the for the first nine months of this year, losses in 401(k) account balances have dropped by 7.2% for those in the age group of 56...
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