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This paper estimates the fiscal burden of the Pay-As-You-Go (PAYGO) civil service pension systems that were closed in 2008 to new members in North Cyprus. At that time, a new pension system was introduced for the newly hired government employees and new private sector workers. Estimates are made...
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represent in the future in various possible investment environments. This is better done through stochastic simulation …, simple economic projections, and varied bond and stock investment returns based on past ten-year historical periods in the US … reasonably possible future actuarial funded ratios and amounts of indicated employer contributions across plans, when investment …
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I analyze the effects of public pension parameters, Social Security coverage, and state pension fund sustainability on the retirement of public employees. I use data from the Health and Retirement Study, including personal early and normal retirement eligibility and state of residence. I develop...
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We consider the retirement behavior of civilian employees of the United States government. Unlike previous studies, this investigation is based upon a data set containing fairly complete and accurate information about the Social Security and employer-provided pensions for which employees are (or...
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