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This paper studies empirically the consequences of retirement on health. We make use of a targeted retirement offer to army employees 55 years of age or older. Before the offer was implemented in the Swedish defense, the normal retirement age was 60 years of age. Estimating the effect of the offer on individuals' health within the age range 56-70, we find support for a reduction in both mortality and in inpatient care as a consequence of the early retirement offer. Increasing the mandatory retirement age may thus not only have positive government income effects but also negative effects on increasing government health care expenditures.

This paper studies empirically the consequences of retirement on health. We make use of a targeted retirement offer to army employees 55 years of age or older. Before the offer was implemented in the Swedish defense, the normal retirement age was 60 years of age. Estimating the effect of the offer on individuals' health within the age range 56-70, we find support for a reduction in both mortality and in inpatient care as a consequence of the early retirement offer. Increasing the mandatory retirement age may thus not only have positive government income effects but also negative effects on increasing government health care expenditures.

Title from cover. ; Mode of access: Internet. ; Reports for 1937/38-1944/45 prepared by the Commission's Retirement Division. ; condition reviewed ; committed to retain

Peace officers in Texas' Teachers Retirement System (TRS) are not afforded early retirement age and a higher than standard annuity multiplier as are peace officers in Texas' Employee Retirement System (ERS) (2015). This means a TRS officer will work much longer and draw less in retirement income than ERS officers. Longer time in service and advanced age causes TRS officers' health to be adversely affected, and their policing abilities decline to a greater degree (Pascarella, 2006). ERS and TRS are both state funded. This causes a disparity in benefits between the two state funded retirement systems. These disparities place TRS officers in a second class status below their cohorts even though they perform the same duties. The issues of retirement age and annuity value hamper recruitment and retention in TRS police agencies. The Texas legislature must transition TRS officers to the existing peace officer retirement fund in ERS. TRS officers would then be allowed the same benefits as their ERS cohorts. This would positively affect the retirement income of TRS officers, and TRS agencies could retain productive and healthy officers. Critics claim the expense in transitioning TRS officers to the existing ERS fund would be too great. These costs would not come from state taxes, but from the TRS peace officer themselves. This additional percentage of the officer's pre-tax salary would go toward supporting the fund. This would eliminate the need for a state tax increase, and it would still allow TRS officers a retirement system at parity with ERS officers.

"Civil Service Retirement, Federal Employee Group Life Insurance, Federal Employees Health Benefits, Retired Fedeal Employees Health Benefits." ; Report year ends June 30. ; Mode of access: Internet.

Despite general agreement about the increasing diversity of pathways into retirement, there is less understanding about the role of gender and social class in this process. Women's involvement in the family has been viewed as taking precedence over their participation in the paid labour force and hence their retirement has not been adequately documented. This project addresses a number of serious gaps in our knowledge of retirement. Firstly, most research has been limited to describing the consequences of retirement for males. The separation of work and family spheres constitutes the theoretical basis of much early research on retirement. Using socialist-feminist, political economy and life course theory, this project aims to conduct a theoretically integrated model of women's retirement. The conceptual model tested examined the dynamics between work and family characteristics and assessed how these affected women's retirement status. Secondly, the operational definition of retirement remains an unsettled issue in aging. The author assigned four retirement measures in addition to the conceptual model to address this issue. To evaluate the research questions, logistic regression procedures were employed with a sample of 2447 women, 55 and over, from the 1994 Statistics Canada General Social Survey Cycle 9. The results indicate that much of the indeteminacy in retirement definitions can be traced to the differences associated with each criterion. Depending on the measure used, a number of socio-economic and family variables show significance. The findings presented confirm the importance of exploring family and work career linkages among retired women. Furthermore, the assessment of multiple measures of retirement reinforces the need for stronger conceptualizations of work and retirement.

For many years, Congress has recognized that saving for retirement is a worthwhile social goal and should be encouraged by the government. The federal government has encouraged the growth of private pension and savings plans through the use of various tax incentives. This publication will focus mainly on individual retirement accounts (IRAs), but other plans such as simplified employee pensions (SEPs), 401-K plans, and Keogh plans will be discussed, too. This document is FCS5258, one of a series of the Department of Family, Youth and Community Sciences, University of Florida, UF/IFAS, Gainesville 32611. First published: September 2003. https://edis.ifas.ufl.edu/fy642

The Malta Financial Services Centre gave details earlier this year of draft legislation which if approved by Government could be an important building block in the development of private pensions in Malta. The Malta Retirement Funds Bill, as it is appropriately called, attracted much interest amongst practitioners in the financial services industry. But apart from this, there has been very little media commentary of what the proposed legislation has to offer. The proposed Act goes beyond the provision of retirement schemes for domestic purposes. Indeed when it was first drawn up, the Draft Law was called the Malta International Retirement Funds Act. The idea has been that of creating the legal framework to attract international companies offering retirement benefit packages and schemes to expatriates and companies employing them. ; peer-reviewed

In the wake of recent events, especially the Great Recession of 2007-2009, affecting the economy, resulting in job losses, personal financial distress, and gloomy perceptions of their future well-being, many Americans are concerned about their financial quality of life in retirement. The media is replete with a plethora of advertisements for retirement planning and financial products for an aging population. By 2030, nearly 20 percent of the population of the United States will be 65 or older. This case study was an examination of a group of retirees who are financially secure enough to reside in retirement communities that require prequalification of assets. The study will serve to inform people on the path to retirement of what those who have been successful actually did so that those in the pipeline may take into consideration their actions and avoid acts of commission or omission that might impede or destroy their chances of reaching a financially secure retirement. The study results showed that not only were the participants financially literate, they were planners. It also became apparent that financial literacy was acquired over time and that becoming financially literate and planning for retirement were dynamic processes that were not discrete. Another finding was that although financial literacy may have a positive impact on success in achieving a financially secure retirement, other factors such as world events, self-control, and luck could affect the realization of a retirement that is financially secure. The first-hand qualitative information gathered in the course of this study will enrich comprehension of the scope of the issues of financial literacy and retirement in America and perhaps form the basis of additional academic research. Finally, the conclusions of this study are significant not only for individual prospective retirees, but also for educators, financial industry professionals, and policy-makers as they craft educational programs, construct financial portfolios, and formulate legislation to help ensure the financial security of an ever-growing population of elders. ; Ph. D.

"8 December 1977." ; "Supersedes AFP 211-1-12, 1 February 1966"--P. [1] ; At head of title: Personal affairs. ; Mode of access: Internet.

In several developed countries, the ageing process of the population may pose fiscal risks to the PAYG systems of public pensions. This paper studies the determinants of two forms of accessing retirement in Spain, either partial or full retirement. Our goal is to identify if social security legislation influences the choice between these two alternative paths. Using a newly released data set we estimate a multinomial logit duration model including different measures capturing the economic incentives embedded in the social security system. Our results show that social security incentives determine individual retirement decisions. Besides, partial retirement legislation modifies the selection of retirement routes and affects the age of retirement moving it to an earlier date.

The Dutch government abolished mandatory retirement for national-level civil servants in 2008, but not for employees in other sectors. This study analyzes whether national-level civil servants have different attitudes and plans about working beyond normal retirement age than employees in other sectors. Results show no clear differences between the groups. A national ban on mandatory retirement would presumably not lead to many more older workers continuing to work beyond normal retirement, but would need to be integrated in a much broader policy reform that also addresses employment protection legislation and seniority-based wages.

This paper presents results on the effect of formal life-long learning on the decision to retire early. Specifically, I estimate an Option Value model based on individual employer-employee longitudinal data including comprehensive government co-sponsored training records dating back more than 30 years. Human capital theory predicts that the amount of training and the length of working life will be positively correlated in order to recoup investment and yield a higher return. Significant upper bound effects of training in prolonging working life are found for certain types of training and certain groups of workers. However, out-of-sample simulations indicate that on average one year of training only adds up to one month to the career length. This means that training in itself is not enough to substantially prolong careers and increase the workforce.

This paper investigates the causal effects of the announcement of an increase in the statutory pension age on employee retirement expectations. In June 2010, the Dutch government signed a new pension agreement with the employer and employee organizations that entailed an increase in the statutory pension age from 65 currently to 66 in 2020 for all inhabitants born after 1954. Given the expected increase in average life expectancy, it was also decided that in 2025 the pension age would be further increased to 67 for those born after 1959. This new pension agreement received huge media coverage. Using representative matched administrative and survey data of public sector employees, we find that the proposed policy reform increased the expected retirement age by 3.6 months for employees born between 1954 and 1959 and by 10.8 months for those born after 1959. This increase is reflected in a clear shift in the retirement peak from age 65 to ages 66 and 67 for the respective treated cohorts. Men respond less strongly to the policy reform than women, but within couples we find no evidence that the retirement expectations of one spouse are affected by an increase in the statutory pension age of the other. Furthermore, we show that treatment effects are largely driven by highly educated individuals but are lower for employees whose job involves physically demanding tasks or managerial and supervisory tasks.

We examine the impact of mandatory retirement on the retirement decisions of professors in Canada using administrative data. We find that the age distributions of professors at universities without mandatory retirement and those at universities with mandatory retirement at age 65 have diverged over time with a higher fraction of professors over the age of 65 being at universities without mandatory retirement. Estimation of a discrete time hazard model indicates that faculty members at universities with mandatory retirement at age 65 have exit rates at age 65 that are around 30 to 36 percentage points higher than those of their counterparts at universities without mandatory retirement. Similar results are found for both men and women; however, the magnitude of this effect is somewhat smaller for women.