Robert C. Merton, Dimensional Resident Scientist, discusses the crisis facing corporate and public pension plans today and describes a solution that helps both employers and their employees manage risk.

A video in which Nobel laureate Robert Merton discusses why investors should worry about income, not total wealth, when assessing their retirement needs.

A video in which Nobel laureate Robert Merton explains why annuities will be a key component of most people's retirement strategy by allowing retirees to pull extra income out of a nest egg.

A video in which Nobel laureate Robert Merton talks about why investors should worry about big-picture items, such as how long they want to work, and leave the details to professionals.

A video in which David Booth discusses defined contribution plan innovations with P&I editorial page editor Barry Burr.

A video in which Senator Bill Bradley discusses the shortcomings of defined contribution plans.

A video in which David Wray discusses the latest trends in the 401(k) marketplace.

Robert C. Merton argues for a radical change of the "unsustainable" Dutch pension system.

The global pension challenge cannot be solved just by making participants more knowledgeable about their investments. They need sensible, well-integrated, easy-to-use solutions that will provide inflation-protected income for life. Such solutions exist.

Many pension funds in the Netherlands propose to solve their problems by abandoning fair-value valuations and applying a higher-than-risk-free discount rate to value their liabilities, while leaving pension rights untouched.