Tag: funding retirement
![Mature man is hired to handle outreach to senior adults](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_7-1536x1024.jpg)
Abstract This paper focuses on an explanation for the large shift over the past two decades in the composition of the income of the aged (65+), increasing the role of earned income and reducing the importance of income from their own assets. We find that the pattern of change is consistently reported in all of…
![Creative abstract money savings sketch on modern laptop monitor, accumulation and growth of money concept. 3D Rendering](https://crr.bc.edu/wp-content/uploads/2022/11/state_and_local_pensions_2-1536x1024.jpg)
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…