Prudent Investors: The Asset Allocation of Public Pension Plans [PDF]
After 2000, the vast majority of defined benefit (DB) pension plans encountered a decrease in their funding ratios, largely due to a drop in asset prices. It is possible that public sector pension plans may have acted imprudently by chasing returns, once
Christian E. Weller, Jeffrey Wenger
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Changing Pensions in Cross-Section and Panel Data: Analysis with Employer Provided Plan Descriptions [PDF]
This study analyzes changes in the value of defined benefit (DB) pension plans over time. It uses summary plan descriptions provided by the employers of respondents to the Survey of Consumer Finances (SCF) in 1983 and in 1989, applying them to similar ...
Alan L. Gustman, Thomas L. Steinmeier
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Pension Portability and Labour Mobility in the United States. New Evidence from SIPP Data [PDF]
We explore the role of employer provided pensions on job mobility choices using data from the Survey of Income and Program Participation. Defined benefit plans are found to have a significant negative effect on mobility.
Andrietti, Vincenzo, Hildebrand, Vincent
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Lump-Sum Distributions Under the Pension Protection Act [PDF]
, 2007 The Pension Protection Act of 2006 (PPA, P.L. 109-280) established new funding requirements for defined benefit pensions. The PPA also modified the provisions of federal law that prescribe how the minimum permissible value of a lump-sum distribution from
Purcell, Patrick
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Pension Backloading, Wage Taxes, and Work Disincentives [PDF]
The Federal Government is actively involved in encouraging the formation and growth of private pensions and in regulating their behavior. The primary form of encouragement is the government's tax subsidization of pensions.
David A. Wise, Laurence J. Kotlikoff
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Budget 2011: The new flat rate pension will reduce poverty among the retired, but employers who offer good pensions may be penalised financially as a result [PDF]
, 2011 Last Wednesday’s budget introduced the government’s plans for a flat rate pension credit. While Tim Leunig welcomes these plans, he finds that the burden for funding this new system may well fall on employers in a significant ...
Leunig, Tim
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Labor Compensation and the Structure of Private Pension Plans: Evidence for Contractual Versus Spot Labor Markets [PDF]
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.
David A. Wise, Laurence J. Kotlikoff
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Addressing the Pension Dilemma in Canada [PDF]
The purpose of this paper is to advance understanding of defined benefit pension plans in Canada by focusing on important questions related to the funding, accounting and policy aspects of management of defined benefit pension plans.
Amar Goomar, Rock Lefebvre
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Phased Retirement Data Sheet [PDF]
, 2010 This data sheet includes information on current coverage and participation by American workers in pension and retirement plans. It also includes information on what employees say they want in terms of flexible work arrangements and access to pension and ...
Workplace Flexibility 2010, Georgetown University Law Center
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How Will Defined Contribution Pension Plans Affect Retirement Income? [PDF]
How has the emergence of defined contribution pension plans, such as 401(k)s, affected the financial security of future retirees? We consider this question using a detailed survey of pension formulas in the Survey of Consumer Finances.
Andrew A. Samwick, Jonathan Skinner
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