In this study we update and deepen Mark Warshawsky s prior examination of the administrative law judge system for the Social Security disability program. We add reviews of recent comprehensive reports from academic and government sources and undertake our own analysis of judicial decisions over...

The Social Security Disability Insurance (SSDI) program, designed to assist individuals unable to work because of permanent disability, has grown substantially over the past 10 years. We document this growth, adjusting for the changing demographics of the US population, and find that the program...

Laddered immediate life annuity purchase and asset withdrawal combination strategies represent an excellent way for retirees to manage their retirement assets in order to get lifetime income in a flexible manner while still maintaining growth, liquidity, and bequest potentials. Simulations show...

As the baby boom generation begins to retire, more and more workers will have accumulated considerable assets in 401(k) plans and IRAs that have no particular method of payout. This paper examines the two basic, opposing methods that have been proposed as solutions to this problem. The first is...

The design solution for retirement income strategies from individual accounts is the next major challenge to the evolving retirement system in the United States. In response, the Department of Labor has put forward a proposal to require sponsors of defined contribution plans to provide their...

Labor Day 1999 marked the 25th anniversary of the passage of the Employee Retirement Income Security Act (ERISA), the act that brought about sweeping reforms of the private-pension system. This volume examines the foundations and the future of the private-pension system

This paper addresses three questions related to limits on DC contributions. The first is whether statutory limits on tax-deductible contributions to defined contribution (DC) plans are likely to be binding, focusing on households in various economic situations. The second is how large is the tax...