Old-line defined benefit plans and safe-harbor defined contribution plans earned mere “Cs” under a new grading system from the American Academy of Actuaries.

The actuaries, on the other hand, gave “As” to Iowa Sen. Tom Harkin’s idea of establishing privately run, universal retirement accounts and the New Brunswick (Canada) shared-risk design model, which provides defined benefits in an annuity form. They also gave the South Dakota Retirement System a “B.” 

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