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Retirement Choice Simulation in Household Settings with Heterogeneous Pension Plans
retirement choice modelling microsimulation
2012/10/25
This paper estimates a structured life cycle model of family retirement decision using a unique historical dataset back simulated from Living in Ireland survey. Our model takes the advantages of the d...
Disability benefits for employees in private pension plans
Disability benefits employees pension plans
2009/6/9
Although benefits vary, for many 20-year employees aged 55, a private pension and social security would replace about one-half of the worker's pre-disability earnings.
Surviving spouse's benefits in private pension plans
private pension plans Surviving spouse
2009/6/2
Most private pension plans offer a lifetime minimum annuity to surviving spouses of about two-fifths of a worker's accrued benefits; however, many spouses may receive a smaller share, or may not be co...
Postretirement increases under private pension plans
Postretirement increases private pension plans
2009/5/31
Forty percent of pension participation had plans providing benefit increases for retirees during 1978-81; increases were usually less than half the rise in the Consumer Price Index.
Benefit formulas in medium and large firms gave 30-year employees retiring on Jan. 1, 1984, at age 65 average monthly pensions of $385 for those who earned $15,000 during 1983.