Pension and Employee Benefit Law

Pension and Employee Benefit Law PDF Author: John H. Langbein
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 748

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Old Age Income Assurance: Employment aspects of pension plans

Old Age Income Assurance: Employment aspects of pension plans PDF Author:
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 216

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Pension and Employee Benefit Law

Pension and Employee Benefit Law PDF Author: John H. Langbein
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 748

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Public Policy and Private Pension Programs

Public Policy and Private Pension Programs PDF Author: United States. President's Committee on Corporate Pension Funds and Other Private Retirement and Welfare Programs
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 152

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Old assumptions, new realities

Old assumptions, new realities PDF Author: Charles Brecher
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 11

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Coming of Age

Coming of Age PDF Author: United States. President's Commission on Pension Policy
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 140

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Pension Rights and Wages

Pension Rights and Wages PDF Author: Jan Selén
Publisher:
ISBN:
Category :
Languages : en
Pages : 19

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Pensions, Economics, and Public Policy

Pensions, Economics, and Public Policy PDF Author: Richard A. Ippolito
Publisher: University of Pennsylvania Press
ISBN: 9780870947605
Category : Business & Economics
Languages : en
Pages : 428

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From the Pension Research Council of the Wharton School

Pension Plans and Employee Performance

Pension Plans and Employee Performance PDF Author: Richard A. Ippolito
Publisher: University of Chicago Press
ISBN: 9780226384559
Category : Business & Economics
Languages : en
Pages : 296

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Chief economist for the Pension Benefit Guaranty Corporation and formerly with the U.S. Department of Labor, Richard A. Ippolito shows how pension plans can attract and retain more dedicated and productive workers. He also offers a blueprint for revising the social security plan with work incentives that would strengthen the system's financial condition.

Labor Compensation and the Structure of Private Pension Plans

Labor Compensation and the Structure of Private Pension Plans PDF Author: David A. Wise
Publisher:
ISBN:
Category : Employee fringe benefits
Languages : en
Pages : 62

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Distingiishing "spot" versus "contract" views of the labor market is of critical importance to a host of economic issues ranging from wage flexibility over the business cycle to firm financial valuation. The structural features of U.S. private pension plans permit surprisingly strong inferences concerning the incentive effects of private pension plan provisions and the contractual nature of the U.S. labor market. This paper examines the accrual of vested pension benefits of a nation-wide sample of pension plans. We find strikingly larged is continuities in the profile by age of the ratio of annual accrued pension benefits to the standard wage. These discontinuities primarily occur at the ages of full vesting and early retirement. Representative plans often exhibit absolute changes in accrual ratios of 20 to 30 percentage points at these ages.The provisions of many plans imply large negative accruals after the age of early retirement. Job change typically involves a large loss in pension wealth as well. Since the average worker's marginal product presumably changes smoothly as he or she ages, these pension data can only be reconciled with spotmarket clearing if age wage profiles within a firm exhibit exactly offsetting discontinuities at key ages. Casual inspection of firm wage setting behavior rules out this requirement of spot market clearing. In our view the magnitude,patterns, and variations in pension accrual ratios are strikingly at odds with spot market equilibrium. While market clearing in longer term contracts seems the only equilibrium theory consistent with these findings, it also strains our credulity to ascribe optimizing behavior to the pension accrual profiles chosen by a vast array of U.S. businesses. In the process of presenting these profiles we also consider the following questions concerning U.S. pensions. What are the incentive effects of private pension plans? What is the cost in pension benefits of job turnover? How important is vesting? Is there a cost in pension benefits of foregoing the early retirement option? Do pension stipulations encourage early retirement? While the considerable heterogeneity of pension plan provisions permits no simple or single answer to these questions, the data suggest that pensions can have major incentive effects on job turnover and retirement. In general pensions represent a very significant factor, and at certain ages, a dominant factor in employee compensation.

Private Pension and Retiree Health Benefits

Private Pension and Retiree Health Benefits PDF Author: United States. Congress. House. Select Committee on Aging. Subcommittee on Retirement Income and Employment
Publisher:
ISBN:
Category : Health insurance
Languages : en
Pages : 260

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