We examine the drivers of variable annuity sales and the impact of a proposed regulatory change. Variable annuities are … variable annuity sales are roughly five times more sensitive to brokers' financial interests than investors'. To help limit …

2023. Women are much more likely to select a member-only annuity while a larger proportion of men select a J&S annuity that …, 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 …

-Security-covered employment. The prevalence of double pension coverage among government employees has raised serious equity questions about the … treatment of civil servants by Social Security, and these questions have led to various suggestions for pension reform. Partly … double pension coverage of government employees. Our analysis finds: (1) Both the amount of a Federal pension entitlement and …

security. We analyze the factors determining annuity option choices offered by a public sector defined pension plan with no … default annuity option. Using combined administrative records and survey data, we explore the role of individual and household … over which households might benefit most from each annuity option. Comparing retirees who chose different annuities, we …

Japanese public pension benefits, which were distributed quarterly through February 1990 and every other month since … precautionary savings motives …

Using a Monte Carlo framework, we analyze the risks and rewards of moving from an unfunded defined benefit pension … system to a funded plan for German civil servants, allowing for alternative strategic contribution and investment patterns …. In the process we integrate a Conditional Value at Risk (CVaR) restriction on overall plan costs into the pension manager …

Under the Civil War pension act of 1862, the widow of a Union Army soldier was entitled to a pension if her husband … died as a direct result of his military service; however, she lost her right to the pension if she remarried. I analyze the … understood. Using a new database compiled from widows' pension files, I estimate the effect of the pension on the hazard rate of …

reduction in the Social Security benefit to half the size of the pension from uncovered employment reduces the penalty from WEP … Elimination Provision (WEP) and Government Pension Offset (GPO) provision on Social Security benefits received by individuals and … jobs where a pension was earned. WEP also reduces spouse benefits. GPO reduces spouse and survivor benefits for persons who …

In order to arrive at a fair comparison between countries regarding the fiscal burden of their DB public sector pension … plans, this paper gathers more evidence on public sector pension plans regarding the type of pension promise and quantifies … the future tax burden related to these pension promises. The reported liabilities are recalculated using both a fair value …