We seek to analyze a number of important issues related to the ownership of government pensions, and the switch from pay-as-you-go defined-benefit pensions to fully-funded defined-contribution pensions. Social Security will still need to find ways to cover its unfunded liabilities to past and...

This article presents the initial stages of a new evaluation framework for choosing among retirement income strategies. The investigation includes eight retirement income strategies: constant inflation-adjusted withdrawal amounts, a constant withdrawal percentage of remaining assets, a...