11/11/2013 – Intergenerational equity: Who should pay for past retirement promises?

Is it fair that today’s workers might have to pay for promises made to the current generation of retirees, even if these retirees didn’t pay for the full cost of their own benefits? The topic of “intergenerational equity” was the subject of a lively debate at the recent annual meeting of the Society of Actuaries (SOA), held in San Diego.

Read the full article by Center on Longevity Research Scholar Steve Vernon at CBS MoneyWatch.