PT - JOURNAL ARTICLE AU - Antti Ilmanen AU - David G. Kabiller AU - Laurence B. Siegel AU - Rodney N. Sullivan TI - Defined Contribution Retirement Plans Should Look<br/>and Feel More Like Defined Benefit Plans AID - 10.3905/jpm.2017.43.2.061 DP - 2017 Jan 31 TA - The Journal of Portfolio Management PG - 61--76 VI - 43 IP - 2 4099 - https://pm-research.com/content/43/2/61.short 4100 - https://pm-research.com/content/43/2/61.full AB - Defined benefit (DB) pension plans are, in principle, the best vehicles for delivering retirement income, but the structure that is substituting for them—the defined contribution (DC) plan—has, to this point, delivered uneven and often inadequate results. The authors believe that DC sponsors can do much better in the future by adopting the best features of DB plans while maintaining many important advantages of DC plans. They show how outcomes for investors using DC plans can be greatly improved.TOPIC: Retirement