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How The 401k Quietly Replaced The Pension

2 imagenes, 8 preguntas, 1 definicion, 1 dato, 4 videos, 1 encuesta sobre How The 401k Quietly Replaced The Pension en ARTi.

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Imágenes

The post-war retirement boom

marc The 1940s and 1950s saw massive growth in pension plans driven by labor unions and tax incentives.

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How defined benefit plans worked

marc Traditional pensions guaranteed a monthly check for life based on salary and years of service.

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Fun Facts

Fun Fact

First US pension: American Express created the first US corporate pension in 1875, but it only applied to workers who were both disabled and had twenty years of service.

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Quizzes

Quiz

Which company established the first private corporate pension plan in the United States in 1875?

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Quiz

What is the main characteristic of a traditional defined benefit pension plan?

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Quiz

The collapse of which automobile company's pension plan in 1963 sparked a national outcry over pension security?

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Quiz

What government-created corporation was established by ERISA in 1974 to insure private pension benefits?

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Quiz

Why did corporate pension plans grow rapidly during and immediately after World War II?

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Quiz

By 1960, approximately how many American workers were covered by private pension plans?

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Quiz

Which US President signed the landmark Employee Retirement Income Security Act (ERISA) into law in 1974?

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Quiz

What famous 1950 labor agreement at General Motors was dubbed the Treaty of Detroit?

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Glosario

Glossary
pension (noun)
A regular payment made by an employer or state to a retired person, typically based on former service and salary. The 1963 collapse of the Studebaker automobile company's retirement fund exposed severe vulnerabilities in these plans.

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Gossip

Gossip

Who should be responsible for your retirement income?

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Videos

marc The Studebaker collapse of 1963

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marc The post-war retirement boom

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marc The birth of the corporate promise

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marc How defined benefit plans worked

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