Tag: retirement age
The brief’s key findings are: Although Social Security’s “Full Retirement Age” has moved to 66, 65 remains a popular age to withdraw from the labor force. One reason might be the availability of Medicare at 65, particularly for workers who have employer coverage while working but not after they retire. The analysis, which relates retirement…
The brief’s key findings are: The “backloaded” benefit structure of public sector defined benefit plans favors long-tenure workers over short-tenure workers. However, when a defined benefit plan is combined with either Social Security or a defined contribution plan, the degree of backloading is reduced. Not surprisingly, then, the analysis shows that public workers with either Social Security…
