Author: Paul Raymond JohnsonPublisher:
ISBN:
Category :
Languages : en
Pages : 178
Book Description
A Survey of State Employee Retirement Plan Integrated with Social Security
Author: Paul Raymond JohnsonPublisher:
ISBN:
Category :
Languages : en
Pages : 178
Book Description
Retirement Security
Author: U S Government Accountability Office (GPublisher: BiblioGov
ISBN: 9781289049089
Category :
Languages : en
Pages : 34
Book Description
Pursuant to a congressional request, GAO provided information on social security coverage for Federal civilian employees, including demographic data on employees now covered by the civil service retirement system (CSRS) and an analysis of the approaches used by several States to integrate social security into their staff retirement plans for general employees. GAO also reviewed the Tennessee Valley Authority's (TVA) retirement system, because it is the largest Federal retirement system that is integrated with social security. GAO found that, during the past 10 years, Federal employees generally retired at age 61, while the average age of all Federal annuitants averaged almost 70 years of age. Only 40 percent of all new Government employees are expected to receive benefits from the CSRS, and only 23 percent will eventually qualify for optional retirement. When a retirement plan is integrated with social security, it attempts to compensate for the fact that social security benefits as a percent of salary decrease as income levels increase. However, most of the eight State plans reviewed by GAO were not integrated with social security, primarily because the State plans predated social security enactment or the State's decision to elect social security coverage. Of the three States in the study that do have integrated plans, one uses a step rate approach, one an offset approach, and the third uses a form of the step rate approach. The step rate and offset approaches facilitate integration of benefits with social security across income levels, but several officials advised against the use of the offset approach because of administrative problems. Three State plans and TVA have a level income benefit option for individuals taking retirement before they are eligible for social security. This option attempts to equalize total retirement benefits before and after social security begins.
Features of Nonfederal Retirement Programs
Author: United States. General Accounting OfficePublisher:
ISBN:
Category : Civil service
Languages : en
Pages : 44
Book Description
State and Local Government Retirement Systems, 1965
Author: Joseph KrislovPublisher:
ISBN:
Category : Civil service
Languages : en
Pages : 90
Book Description
Social Security and the Private Pension System
Author: Pamela J. PerunPublisher:
ISBN:
Category : Defined benefit pension plans
Languages : en
Pages : 48
Book Description
Federal Employee Demographics and Integration of State Retirement Plans With Social Security
Author: United States General Accounting of GaoPublisher:
ISBN: 9781090711496
Category :
Languages : en
Pages : 32
Book Description
Federal Employee Demographics and Integration of State Retirement Plans With Social Security
Survey of State Retirement Systems Covering General Employees and Teachers
Author: Paul ZornPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 126
Book Description
Social Security Policy in a Changing Environment
Author: Jeffrey R. BrownPublisher: University of Chicago Press
ISBN: 0226076504
Category : Business & Economics
Languages : en
Pages : 473
Book Description
Social Security Policy in a Changing Environment analyzes the changing economic and demographic environment in which social insurance programs that benefit elderly households will operate. It also explores how these ongoing trends will affect future beneficiaries, under both the current social security program and potential reform options. In this volume, an esteemed group of economists probes the challenge posed to Social Security by an aging population. The researchers examine trends in private sector retirement saving and health care costs, as well as the uncertain nature of future demographic, economic, and social trends—including marriage and divorce rates and female participation in the labor force. Recognizing the ambiguity of the environment in which the Social Security system must operate and evolve, this landmark book explores factors that policymakers must consider in designing policies that are resilient enough to survive in an economically and demographically uncertain society.
State and Local Retirement Plans in the United States
Author: Robert L. ClarkPublisher: Edward Elgar Publishing
ISBN: 0857930591
Category : Business & Economics
Languages : en
Pages : 241
Book Description
State and Local Retirement Plans in the United States explains how economic and political events have shaped the development of pension plans in the last century, and it argues that changes in the structure and generosity of these plans will continue to shape policy and funding in the future. It also brings to bear a new rationale to the policies behind public sector pension plans. The authors use the history of how early public pension plans were established, how they matured and how they have grown in generosity to analyze what changes may be expected in years to come. Unique in its scope, this comprehensive history of the development of public sector pension plans in the United States during the twentieth century expands upon current ideas relating to the changing economic environment, the passage and evolution of social security, and the expansion of the public sector. With the exception of military pension plans, which date from the eighteenth century, the first public sector plans, dating from the late nineteenth century, were established to cover teachers, police officers and fire fighters in large cities. Over time, these retirement plans were extended to other public sector workers and the local plans were often merged with plans for state workers; all of these date from the twentieth century. Here, the authors show just how pension coverage for public sector workers expanded steadily, through the first half of the twentieth century, so that by the 1960s the vast majority of public sector workers were covered by a plan. This analysis demonstrates how economic events and shifts in public policy at the federal, state, and local levels helped to shape public sector retirement plans. The authors also compare public plans with private sector plans, and the final chapter focuses on recent changes in public pensions in response to the 'Great Recession', concurrent sharp declines in equity markets and the aging of the public workforce.
Living with Defined Contribution Pensions
Author: Olivia S. MitchellPublisher: University of Pennsylvania Press
ISBN: 9780812234398
Category : Business & Economics
Languages : en
Pages : 310
Book Description
Table of Contents