BETA
Chapter 1
The golden age of pensions
Chapter 2
The accidental loophole
Chapter 3
The great retirement shift
Chapter 4
The global retirement landscape
YOUR GOAL
Master of How the 401k took over
Ch 4 · The global retirement landscape
marcus 401(k) Retirement Plans
Old pensions faded out, / A new plan took its place, / It's your 401(k)!
marcus Japan combines a strong public pension with corporate defined contribution options for its super-aging population.
marcus Chile pioneered a fully privatized individual retirement account system in 1981 under José Piñera.
Fun Fact
Australian super wealth: Australia's mandatory superannuation system has accumulated over three trillion dollars, making its retirement pool larger than the entire annual economic output of the country.
Glossary
defined-contribution plan (noun)
A retirement plan in which the final payout depends on the investment performance of accumulated contributions. In 1998, Sweden transitioned its public retirement system from traditional pensions to a notional defined-contribution model.
A retirement plan in which the final payout depends on the investment performance of accumulated contributions. In 1998, Sweden transitioned its public retirement system from traditional pensions to a notional defined-contribution model.
Quiz
What legislative acts passed in the US in 2019 and 2022 mandate automatic 401(k) enrollment for new plans?
Quiz
In which year did Japan introduce its own version of the defined contribution retirement plan to ease strain on corporate pensions?
Quiz
How does Australia's superannuation system differ fundamentally from the US 401(k) system?
Quiz
Why did Chile's privatized retirement system face massive public protests in recent years?
Quiz
Which South American nation pioneered a fully privatized individual retirement account system in 1981?