Designing Better Pension Benefits Statements

This document is about reviewing the current status, best practices and insights from the field of judgment and decision-making for the design of pension benefits statements. It provides a normative and positive review, covering aspects such as the form, timing, content, and modes of delivery of pension statements. It also examines the academic literature on individuals' understanding of and information needs related to pension benefits statements, including how people think about retirement savings and the psychological factors that can influence their decisions.