Retirement Annuity and Employment-Based Pension Income

Several demographic variables are correlated with a worker's likelihood of receiving a retirement annuity and/or employment-based pension payment in retirement. These variables are also correlated with the amount of pension income a worker receives from these plans. For example, in 1998, 31.7 percent of men age 50 and older with a graduate-level education received an annuity and/or pension income, compared with 24.8 percent of men without a high school diploma--a differential of 6.9 percentage points. While notable, this differential pales in comparison with the differences in the dollar amounts these men received. In 1998, men with graduate-level degrees received, on average, nearly four times the median annuity and/or pension income of men without a high school diploma. The PDF for the above title, published in the February 2000 issue of EBRI Notes, also contains the fulltext of another February 2000 EBRI Notes article abstracted on SSRN: "Medicare Beneficiaries With Dual Sources of Coverage."