Tag: working longer
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…
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…
