Flexible retirement features abroad.
نویسنده
چکیده
UNTIL RECENTLY, retirement from the workforce R&S regarded as a change that took place at a pred&ermmed age, fixed by law or regululatlon There usually nas no choxe ns to the age of retxement, and early nlthdrawal from the markforce usually meant n sharp redo&on m Income or even, m extreme cases, a total loss of penslo* benefits In recent years, however, many mdustrud countrms hnve mcorporated In them soaal security systems optlons of flexlblhty that gwc older workers some choice m determmmg the age and arcumstances under which they mny retire These features of flexible retwement have become a partxulnrly nnportant conslderatlon for certam older uorkers who by reason of health or pnrtxl dlsablhty, norkmg condltlons, unemployment, or long yews of service find that t,hey wish t,o Blthdraw partmlly or totally from full-tune employment The survey of seven countrles m this report shows that the first steps toward lowermg the retwement age were usul~lly taken m response to pohtlcrtl and social pressures auned at brmgmg some rehef to workers III speclnl occupnt’ons
منابع مشابه
The Impact of Dc Pension Systems on Population Dynamics
This study investigates the risk inherent in defined contribution (DC) pension plans on an individual and aggregate basis, based on U.S. data. Our aim is to gain insight into the consequences of a DC pension scheme becoming the predominant pillar of retirement income for an entire society. Using the stochastic simulated output of a DC flexible age-of-retirement model, we first determine the opt...
متن کاملRetirement Income Insurance: A Do-It-Yourself Approach
The recent market downturn highlighted the substantial impact that capital markets fluctuations can have on retirement wealth. A possible strategy to manage investment risk is to purchase guarantees (i.e. put options), which can be fairly expensive. As an alternative, this paper suggests that an individual can self-insure against poor market outcomes by adjusting his retirement date as a functi...
متن کاملFlexible Retirement and Optimal Taxation
This paper studies optimal income taxes and retirement benefits in a life-cycle model with an intensive margin of labor supply and an endogenous retirement age. The government insures and redistributes resources across individuals who privately observe persistent shocks to their productivity. In this environment, the optimal labor tax is hump-shaped in age, unlike in existing models with no end...
متن کاملRetirement Migration, The Other Story: Vulnerable, Older British Migrants in Spain
Over the last few decades, Spain has become a popular retirement destination for British nationals. Most retire abroad when they are healthy; however, happy and fulfilling retired lives in Spain can abruptly change when a person’s resources (bodily, economic and social) for independent living diminish. Therefore, the onset of old age can bring about severe vulnerability and the need for additio...
متن کاملExtensions of Remarks 5800
under the new Family Member Appointment. This position allows them to begin accruing retirement credit. However, these individuals are not allowed to pay back into the FERS for time worked in PIT positions, As a result, many Foreign Service spouses who worked as a PIT between 1989 and 1998 have lost up to nine or ten years of retirement credit. Mr. Speaker, this is a matter of grave consequence...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- Social security bulletin
دوره 41 5 شماره
صفحات -
تاریخ انتشار 1978