Source: National Conference on Public Employee Retirement System, NCPERS Research Series, February 2016
…..In a nutshell, our analysis shows that the historic shift from DB to DC plans in the private sector has reduced retirement savings by 50 percent during 1975–2012. For example, during this period, the combined DB and DC savings was about $6.9 trillion. If everyone remained in the DB plan, that is, if there were no massive shift to DC plans, the retirement savings would have been $13.9 trillion….