New bond would offer a better way to secure DC plans
December 14, 2015 12:00:00 AM
A looming global retirement crisis threatens the three pillars of retirement due to insufficient funding, improper investment decisions and transferring risk to individuals least capable of bearing it. Many private-sector workers do not have coverage and are not saving enough for retirement. Governments, federal and state, and the financial industry must innovate to stem this multifaceted crisis.