USA - Pension System Overview
- IOPS Country profile: United States 2022
- United States: Pension system in 2018 and Country Specific Findings (Pensions at a Glance 2019. OECD and G20 indicators)
- United States Voluntary funded pension profile 2022 (ISSA/OECD/IOPS complementary and private pensions database)
Key regulatory and Supervisory Authority
- The Social Security Administration: administers the public pension system: www.socialsecurity.gov
- The Treasury Department: supervises the collection of social security taxes through the Internal Revenue Service and supervises the payment of benefits and the management of social security funds: www.treasury.gov
- The Internal Revenue Service (IRS): administers the Internal Revenue Code and determines the tax-qualified status of plans. It has jurisdiction over eligibility, vesting, and funding requirements under ERISA. The IRS is part of the Treasury: www.irs.gov
- The Employee Benefits Security Administration (EBSA): enforces ERISA’s standards concerning reporting, disclosure, and fiduciary matters. It is part of the Department of Labor: www.dol.gov/ebsa
- The Pension Benefit Guaranty Corporation (PBGC): administers plan termination rules and an insolvency insurance program for private DB plans: www.pbgc.gov
Selected Key Statistical References
- Department of Treasury: www.ustreas.gov
- Federal Reserve Bank: www.federalreserve.gov
- OECD, Global Pension Statistics project, www.oecd.org/daf/pensions/gps
Other resources
AARP launched the AARP 401(k) Fee Calculator to help investors better understand 401(k) fees and their potential impact
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Report on Defined Contribution Plans: Approaches in Other Countries Offer Beneficial Strategies in Several Areas, by U.S. Government Accountability Office, March 2012, GAO-12-328
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How TIAA-CREF funded plans differ from a typical 401(k) plan, by John H. Biggs, TIAA-CREF Institute, 2010
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