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 …

longitudinal examination of pension retirement incentives in several dozen plans observed between about 1960 to 1980. The plans … under study instituted many changes over this period, several of which enhanced the financial payoff to early retirement …. These alterations included increases in benefit levels, reductions in early, normal and mandatory retirement ages, and cuts …

period, while others argue that individuals should be protected from recklessly investing their retirement assets. With …

very substantial incentives to terminate work at the current job after the age of early retirement and even greater … incentives to leave after the age of normal retirement. It is not unusual for the reduction in pension 'benefit accrual after … these retirement ages to equal the equivalent of a 30 percent reduction in wage earnings. In addition to a potentially large …

) pension plans is the degree to which assets in DC plans will be withdrawn before plan participants reach retirement age. The … of new contributions to IRAs and other targeted retirement saving programs. This paper draws on data from the 1993 … Current Population Survey and the Health and Retirement Survey to summarize the incidence and disposition of lump sum …

Defined contribution (DC) pensions are an increasingly important means of financing retirement consumption. Because …

's Trust corporate pension plan study. A model is developed that shows how pension values which vary with the age of retirement …-best optimum. This requires that pension values decline with the age of retirement beyond a certain point. Evidence from the 1975 … important is that the ratio of early retirement pension value to normal retirement pension value has increased …

provisions on the key incentives emphasized in the pension literature, incentives affecting the retirement, turnover and shirking …