Future Social Security Earnings Can Offset the Value of Civil Service PensionsSwainJulia
The same funny math is common when gauging the pros and cons of Social Security timing. You’ll be surprised how widespread this error is. I’ve seen this on financial adviser pages. Even reputable major brokerage houses, like Fidelity, publish this nonsense on their website as...
The offset method causes a reduction in employer pension benefits by up to half of the Social Security retirement benefit; the excess rate method is characterized by an accrual rate that is lower for earnings below the Social Security taxable maximum than above it. Defined contribution (DC) ...
individual savings, and Social Security. Pensions are mostly employer-related and are chronically and seriously underfunded. There are also huge and growing administrative problems posed by the transformation of the US workplace—with the typical worker switching jobs many times over the course of her...
contrary to earlier work by Cagan and Katona, pension coverage reduces saving in other forms. With the enormous growth of both Social Security and private pensions (see table 1), there has been increasing concern about the impact of these ...
Based on German panel data between 1984 and 1999, we test for the interaction of social security benefits and private wealth formation. In a simple life-cylce model benefits from public pension systems should displace equal amounts of private retirement accumulation. Our estimate for the offset ...
Pensions and the Distribution of Wealth Despite the enormous gains in the economic well-being of the elderly, and the progressivity of the Social Security benefit schedule, there remains substant... K Mcgarry,A Davenport - 《Nber Working Papers》 被引量: 76发表: 1997年 An analysis of money'...
aEvaluation of Applications 应用的评估 [translate] aThe Hatch-Waxman Act 舱口盖Waxman行动 [translate] a政府还应该让更多的人享有养老金、医疗保险等社会保障制度, The government also should let more people enjoy social security systems and so on the pension, medical insurance, [translate] ...
While many countries have already implemented large reforms,Footnote 1 Spain has mainly undertaken parametric changes in its Social Security system, which have been agreed under the so-called Toledo Agreement. They have been directed to reducing incentives to early retirement and to increasing incentives...
Our results do suggest, however, that a one-for-one displacement of free savings by social security is consistent with the data. For pensions such a complete offset is less likely. This suggests that increase of coverage by private pensions is an effective way of raising savings.Saving, ...