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dc.contributor.authorMitchell, Olivia S.
dc.date.accessioned2020-11-25T14:53:06Z
dc.date.available2020-11-25T14:53:06Z
dc.date.issued1991-05-01
dc.identifier.other171426
dc.identifier.urihttps://hdl.handle.net/1813/77222
dc.description.abstractChanges in pension plan retirement formulas and benefit provisions over the last decade are examined, drawing on data collected and tabulated by the U.S. Department of Labor's Employee Benefits Survey of medium and large firms. The evidence shows that pension provisions have changed a great deal over the last decade, among both defined benefit and defined contribution plans. In the defined benefit environment, participation and vesting rules changed substantially; early retirement became more accessible and benefits somewhat more generous; normal retirement ages declined; and pension benefits were increasingly likely to depend on final rather than career earnings. Benefit integration with social security also grew to almost two-thirds of all participants in defined benefit plans. Overall, though pension replacement rates rose slightly over time, benefit ceilings remained pervasive for work at older ages and disability benefit provisions became more stringent. Defined contribution pension plans also changed a great deal over the decade of the 1980s. Workers were increasingly likely to be covered by combinations of defined benefit and defined contribution plans, with the latter usually a savings and thrift plan permitting a lump sum distribution. Profit sharing and stock plans appear to have stagnated during the latter part of the 1980s.
dc.language.isoen_US
dc.subjectCAHRS
dc.subjectILR
dc.subjectcenter
dc.subjecthuman resource
dc.subjectjob
dc.subjectworker
dc.subjectadvanced
dc.subjectlabor market
dc.subjectjob
dc.subjectsatisfaction
dc.subjectemployee
dc.subjectwork
dc.subjectmanage
dc.subjectmanagement
dc.subjecttraining
dc.subjectHRM
dc.subjectemploy
dc.subjectmodel
dc.subjectindustrial relations
dc.subjectpension
dc.subjectbenefit
dc.subjectretirement
dc.subjectformula
dc.subjectU.S.
dc.subjectpayment
dc.subjectcontribution
dc.subjectsalary
dc.subjectcontribution
dc.titleTrends in Pension Benefit Formulas and Retirement Provisions
dc.typepreprint
dc.description.legacydownloads91_18_Trends_in_pension_benefit_formulas.pdf: 1523 downloads, before Oct. 1, 2020.
local.authorAffiliationMitchell, Olivia S.: Cornell University


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