Tag: Retirement Ages
The brief’s key findings are: The increase in the average retirement age has been driven almost solely by those with more education. Those with less education have: seen less improvement in health; faced more physically demanding jobs and less flexible work schedules; experienced slower increases in lifespans, meaning less to gain from delaying Social Security; and seen…
Abstract This paper investigates the impact of a Deferred Retirement Option Plan (DROP) on the age of retirement of employees covered by defined benefit pension plans provided by the City of Philadelphia. We show that the program results in significant and substantial increases in the age of retirement: 1.25 years on average for municipal employees…
