In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in … 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower … included in Social Security, have made smaller reductions in the generosity of their pension benefits in recent decades …

return on risky investments. The model also incorporates endogenous retirement and a realistic social security system … of an aging population (extending the age of retirement or cutting social security benefits) have similar magnitudes and …

social security reforms. We further estimated the association of ITAX with an individual's decisions concerning retirement … and pension benefit claims. Lastly, we conducted counterfactual simulations to assess the effect of recent social security … forms on retirement based on the estimated regression parameters. The results showed that a higher ITAX drove individuals …

the expected wait until the pension commences affect the timing of retirement from the Federal service. (2) The rate 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 …

such as occupational licensing may influence how individuals transition to retirement. When and how workers transition from … career jobs to full retirement may contribute to pre- and post-retirement well-being. Previous investigations of retirement … pathways focused on the patterns and outcomes of retirement transitions, yet the influence of occupational licensing on …

, older ages at retirement, and more years of service are associated with a greater probability of choosing a J&S annuity. We … supplemental pension plan. Interestingly, about half of retirees select a lump sum distribution from the supplemental plan while …

The Pension Benefit Guarantee Corporation becomes the trustee for private defined benefit plans that have defaulted …. The PBGC pays retirement benefits as provided by the plan and that are consistent with federal guidelines concerning the … information on all individuals who received a retirement benefit from the PBGC in the last 10 years, over 250,000 retirees. We …

how social security incentives and particularly their changes over time can explain the retirement decision. We calculate … indicators of benefit entitlement and derive retirement incentive measures. Using micro-estimation techniques, we find that more … generous retirement provision contribute to earlier retirement. Counterfactual reform simulations show strongly incentivizing …

Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective …

much more attractive thanks to three factors: a more generous delayed retirement credit, improvements in mortality, and …