Literaturnachweis - Detailanzeige
Autor/inn/en | Costrell, Robert M.; Podgursky, Michael |
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Institution | Urban Institute, National Center for Analysis of Longitudinal Data in Education Research (CALDER) |
Titel | Efficiency and Equity in the Time Pattern of Teacher Pension Benefits: An Analysis of Four State Systems. Working Paper 6 |
Quelle | (2007), (33 Seiten)
PDF als Volltext |
Zusatzinformation | Weitere Informationen |
Sprache | englisch |
Dokumenttyp | gedruckt; online; Monographie |
Schlagwörter | Retirement Benefits; Teacher Retirement; Audits (Verification); Personnel Policy; Comparative Analysis; State Surveys; Salary Wage Differentials; Compensation (Remuneration); Longitudinal Studies; Measurement Techniques; Systems Analysis; Performance Factors; Arkansas; California; Massachusetts; Missouri |
Abstract | Defined Benefit pension plans often generate odd time patterns of benefits. One typical pattern exhibits low accrual in early years, accelerating in mid-late years, followed by dramatic decline, or even negative returns in years that are relatively young for retirement. We consider four states for specific analysis: Arkansas, Missouri, California and Massachusetts. There are interesting variations among these states' formulas, which affect the incentive to retire early. We identify key factors in the defined benefit formulas that drive such patterns and likely consequences for employee behavior. We examine the efficiency and equity consequences of these systems and lessons that might be drawn for pension reform. (Contains 1 table, 2 figures and 18 footnotes.) (As Provided). |
Anmerkungen | National Center for Analysis of Longitudinal Data in Education Research. The Urban Institute, 2100 M Street NW, Washington, DC 20037. Tel: 202-261-5739; Fax: 202-833-2477; e-mail: inquiry@caldercenter.org; Web site: http://www.caldercenter.org |
Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
Update | 2017/4/10 |