Target Date Defaults in a Public Sector Retirement Saving Plan

2019 ◽  
Vol 86 (3) ◽  
pp. 1133-1149
Author(s):  
Robert L. Clark ◽  
Olivia S. Mitchell
Keyword(s):  
Public Sector ◽  
Saving Plan ◽  
Retirement Saving ◽  
Target Date

Household Saving Rates and the Design of Public Pension Programmes: Cross–Country Evidence

2006 ◽  
Vol 198 ◽  
pp. 61-74 ◽  
Author(s):  
Richard Disney
Keyword(s):  
Public Pension ◽  
The Public ◽  
Household Saving ◽  
Saving Plan ◽  
Retirement Saving ◽  
Saving Rates ◽  
Cross Country

I argue that the offsetting effect of public pension contributions on household retirement saving depends on how closely the public pension programme imitates a private retirement saving plan (i.e. the ‘actuarial’ content of the public pension programme) — the closer the design of the programme to a private retirement saving plan, the higher the offset. I estimate the determinants of household saving rates in a cross-country panel, augmenting standard measures of public pension programme generosity and cost by indicators that proxy the actuarial component of the programme. These indicators affect saving rates as predicted.

scholarly journals Debt Close to Retirement and its Implications for Retirement Well-being

2020 ◽  
pp. 15-34
Author(s):  
Annamaria Lusardi ◽  
Olivia S. Mitchell ◽  
Noemi Oggero
Keyword(s):  
Financial Sector ◽  
Well Being ◽  
Standard Of Living ◽  
Financial Capability ◽  
Older Americans ◽  
Saving Plan ◽  
Retirement Saving ◽  
Different Types ◽  
Using Data

Our chapter aims to analyze debt among pre-retirees and its implications for retirement well-being using data from three waves of the National Financial Capability Study (NFCS). In particular, we will analyze what kinds of debt people carry into older ages and how different types of debt are related to older Americans’ ability to save for retirement. Moreover, we will investigate older Americans’ understanding of debt and its consequences by analyzing their level of financial sophistication. For instance, managing debt can be especially difficult for people who do not know the power of interest compounding or do not have the financial savvy to plan for retirement or execute a retirement saving plan. Our analysis is intended to better guide financial sector practitioners as well as policymakers seeking to help older Americans better prepare for retirement and sustain a reasonable standard of living in retirement.

Public Sector Workplace Expansion and Long Term Sick Leave

2013 ◽  
Author(s):  
H. Westerlund ◽  
J. Ferrie ◽  
J. Hagberg ◽  
K. Jeding ◽  
G. Oxenstierna ◽  
...  
Keyword(s):  
Public Sector ◽  
Sick Leave
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