Tag: effect of pension benefits on retirement timing

Senior Healthcare Assistance in a Home

Abstract In the United States, because access to health insurance is tied to employment, the availability of retiree health insurance interacts with post-retirement income to shape the retirement decision. This paper uses administrative data from the California Department of Education to estimate the rate at which individuals’ trade off post-retirement health insurance benefits for a…

Creative abstract money savings sketch on modern laptop monitor, accumulation and growth of money concept. 3D Rendering

The brief’s key findings are: Public sector defined benefit plans provide short-tenure workers with little or no pension benefits. One reason is that these plans have long vesting periods – the years of service needed to qualify for any benefit. The longer the vesting period, the less likely an employee will remain long enough to vest. This…