Stealth Compensation via Retirement Benefits

Pension integration and retirement benefits

The issue of retiree income is important in a time of proposed Social Security reform. In 1996, for example, the shares of aggregate income for those aged 65 or older were, on average, 40.3 percent from Social Security, 18.5 percent from employer pensions, 20 percent from employment, and 21.1 percent from assets and other forms of income. Integration of pension income with Social Security incom...

Analyses of retirement benefits with options

a r t i c l e i n f o JEL classifications: C15 G13 Keywords: Contingent claim Early exercise Retirement benefit Simulation Stochastic interest rate This study applies the contingent claim approach to evaluate retirement benefits with the options of choosing the maximum defined benefit and defined contribution pension plans. A least-squares Monte Carlo simulation values complex retirement benefi...

Shrinking Boomer Social Security Retirement Benefits

Workers' compensation: coverage, benefits, and costs, 1986.

would operate under future conditions that m&t rensonnbly be expected to develop The figures used here are based on the alternn-twe II or " mtermed~nte " nssumptlons from the 1977 Trustees Reports, mcludmg nssumptlons that-the fertlhty rete nil1 continue to decrease (from its estimnted lexe, m 1910 of 171 eh,ldre " ,,er aoman), go,n~ doan to 16; cbxldren DW \\ " " I " " I " 1980, then the rate ...

Workers’ Compensation: Coverage, Benefits, and Costs, 1979

Workers’ compensation is the oldest social insurance program in the United States. The first law was passed in 1908 to provide cash and medical benefits for workrelated disability and death. This program now consists of 50 independent State operations and several Federal programs. The experience under workers’ compensation is of considerable importance to the Social Security Administration beca...