This paper evaluates a new variant of the popular target date funds used in employer-based retirement savings plans. We … call this new variant a "target retirement plan." Instead of increasing the allocation to bond funds as retirement … approaches, a target retirement fund gradually purchases deferred life annuities beginning at age 50. In the particular straw …

not even offer participants a life annuity option at retirement. Thus, individuals who wish to annuitize generally must do … retirement resources …

The ongoing analysis of the effects of pension plan provisions on retirement is pursued in this paper. A primary … company, here using data from a second large company. The evidence confirms that changes in the retirement rates by age … correspond closely to provisions of the firm pension plan. There is essentially no difference in the retirement behavior of men …

The delayed retirement credit (DRC) increases monthly OASI (Old Age and Survivors Insurance) benefits for primary … beneficiaries who claim after their full retirement age (FRA). For many years, the DRC was set at 3.0 percent per year (0.25 percent …

retirement income adequacy for all covered employees; and (2) to ensure retirement income equity, defined as equal total … employees against adverse changes in their social security retirement benefit. Using the option-pricing methodology of modern … the sponsor makes ad hoc post-retirement benefit increases. We also consider the incentive effects on worker mobility of …

We consider the retirement behavior of civilian employees of the United States government. Unlike previous studies … the financial aspects of individual retirement decisions with a reasonable degree of precision. A large fraction of civil … the expected wait until the pension commences affect the timing of retirement from the Federal service. (2) The rate of …

This study examines empirically whether social security influences the retirement decisions of individuals. The …'s income and substitution effects are included in a model for examining retirement decisions. This model is based on the model … from the Social Security Administration and are particularly well suited for this study. Retirement models are estimated …