When singer Peter Allen belted out Everything old is new again, was he referring to retirement planning?
Probably not, but the old could have been defined-benefit retirement plans, and the new the uptick in excitement they are generating. That might surprise some, given the steady decline of such plans for more than a decade. According to the most recent statistics provided by the U.S. Department of Labor Employee Benefits Security Administration, published in a June 2013 report, the number of defined-benefit plans had dropped from about 180,000 in 1985 to fewer than 50,000 in 2011.
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