“Assessing the Quality of Employee Benefit Plan Audits,” (May 2015, .pdf format, 191p.).
May 29, 2015
May 28, 2015
“Gender gap in pensions in the EU: Research note to the Latvian Presidency,” by Ilze Burkevica, Anne Laure Humbert, Nicole Oetke, and Merle Paats (May 2015, .pdf format, 71p.).
“An overview of pension reform issues at the start of the 2015 Parliament,” by Djuna Thurley and Roderick McInnes (CBP-7202, May 2015, .pdf format, 90p.).
May 15, 2015
“Pensions and superannuation: the need for change,” by David Ingles (May 2015, .pdf format, 31p.).
“Social security benefits for older people with mobility needs,” by Steven Kennedy (SN07106, May 2015, .pdf format, 20p.).
May 7, 2015
CAAR – US House Committee on Education and the Workforce, Subcommittee on Health, Employment, Labor, and Pensions Hearing Testimony – May 7, 2015
“Examining Reforms to Modernize the Multiemployer Pension System,” a hearing held April 29, 2015 (witness statements available in .pdf format, video of the full hearing available in Flash format, running time 59 minutes).
“Ottawa’s Secret Debt: The Burden and Risks of Federal Employee Pensions,” by William B.P. Robson and Alexandre Laurin (E-Brief No. 208, May 2015, .pdf format, 17p.).
May 5, 2015
“A super waste of money: Redesigning super tax concessions,” by Mark Grudnoff (May 2015, .pdf format, 14p.).
April 30, 2015
“Annual abstract of statistics for benefits, National Insurance contributions, and indices of prices and earnings: 2014 edition,” (April 2015, .pdf and Excel format, 16p.).
April 28, 2015
CAAR – Pensions Institute (Cass Business School, City University of London) [UK] Working Papers – April 28, 2015
A. “Longevity Risk and Capital Markets: The 2013-14 Update,” by Ken Seng Tang, David Blake and Richard MacMinn (PI-1502, April 2015, .pdf format, 28p.). Note: There is no abstract for this paper.
B. “The Replacement Rate: An Imperfect Indicator of Pension Adequacy in Cross Country Analyses,” by Filip Chybalski & Edyta Marcinkiewicz (PI-1501, February 2015, .pdf format, 22p.).
Pension systems are usually evaluated from the perspective of two basic criteria: pension adequacy and financial sustainability. The first criterion concerns the level of pension benefits and protection of the elderly from poverty. The second criterion applies to financial liquidity. This paper is primarily of methodological nature. We discuss the problem of measuring pension adequacy, focusing mainly on the replacement rate, which, defined in a number of ways, is themost commonmeasure of pension adequacy. However, as we argue in this paper, it covers only one of its dimensions, namely consumption smoothing. Meanwhile, an equally important dimension, often discussed in the literature and included in most definitions of pension adequacy, is protection of old-age pensioners from poverty. Accordingly, we have proved the thesis that the replacement rate is not a sufficient measure of broadly understood pension adequacy in cross-country studies. Consequently, we have proposed alternative (or possibly complementary) measures called the synthetic pension adequacy indicators (SPAI1- 3), defined in basic form as a quotient of relative median income and the at-risk-of-poverty rate. These indicators provide for both the above-mentioned dimensions of adequacy and, according to statistical analysis, also represent them very well. Moreover, the indicators, calculated separately for men and for women, enables evaluation of the third dimension of pension adequacy, namely gender-related differences in pension adequacy.
April 23, 2015
A. “The 2015 Retirement Confidence Survey: Having a Retirement Savings Plan a Key Factor in Americans’ Retirement Confidence,” by Ruth Helman, Craig Copeland, and Jack VanDerhei (EBRI Issue Brief No. 413, April 2015, .pdf format, 40p.).
B. EBRI Notes (Vol. 36, No. 4, April 2015, .pdf format, 24p.). Note: The articles in this issue are: “A Look at the End-of-Life Financial Situation in America,” by Sudipto Banerjee; and, “Measured Matters: The Use of “Big Data” in Employee Benefits,” by Stephen Blakely.
April 21, 2015
CAAR – University of Pennsylvania, Wharton School, Pension Research Council Working Paper – April 21, 2015
Note: PRC requires free registration before providing working papers.
A. “Simplifying Choices in Defined Contribution Retirement Plan Design,” by Donald B. Keim and Olivia S. Mitchell (WP2015-07, April 2015, .pdf format, 30p.). Note: Links to the abstract and the full text of the paper available at:
B. “Borrowing from the Future: 401(k) Plan Loans and Loan Defaults,” by Timothy (Jun) Lu, Olivia S. Mitchell, Stephen P. Utkus, and Jean A. Young (WP2015-06, April 2015, .pdf format, 41p.). Note: Links to the abstract and the full text of the paper available at:
C. “Lessons for Public Pensions from Utah’s Move to Pension Choice,” by Robert L. Clark, Emma Hanson, and Olivia S. Mitchell (WP2015-05, March 2015, .pdf format, 43p.). Note: Links to the abstract and the full text of the paper available at:
April 14, 2015
“How Will Longer Lifespans Affect State and Local Pension Funding?” by Alicia H. Munnell, Jean-Pierre Aubry and Mark Cafarelli (SLP No. 43, April 2015, .pdf format, 16p.).
“Seriously Strengthening the Tax-Benefit Link,” by Pedro Portugal and Pedro S. Raposo (Working Paper No. 201505, March 2015, .pdf format, 31p.). Note: Links to the abstract and the full text of the paper available at:
April 13, 2015
“A tale of three distributions: inheritances, wealth and lifetime income,” by Rowena Crawford and Andrew Hood (W15/14, April 2015, .pdf format, 32p.). Note: Links to the abstract and the full text of the paper available at:
Educational Gerontology (Vol. 41, No. 7, July 2015).
Journals of Gerontology (A): Biological Sciences (Vol. 70A, No. 5, May 2015).
Journal of Pension Economics and Finance (Vol. 14, No. 2, April 2015).
Journal of Women & Aging (Vol. 27, No. 3, 2015).
April 7, 2015
A. “Five Ways to Improve the Distribution of Government Pension Benefits,” by Richard W. Johnson (March 2015, .pdf format, 5p.).
B. “Could a Cash Balance Plan Benefit Illinois Public School Teachers?” by Richard W. Johnson and Benjamin G. Southgate (April 2015, .pdf format, 8p.).
C. “Reforming Government Pensions to Better Distribute Benefits,” by Richard W. Johnson (March 2015, .pdf format, 17p.).
D. “Are California Teacher Pensions Distributed Fairly?” by Richard W. Johnson and Benjamin G. Southgate (April 2015, .pdf format, 6p.).
March 30, 2015
“Quarterly Survey of Public Pensions: State & Local Government – 2014 Fourth Quarter,” (September 2014, Excel format).
Related report (.pdf format, 2p.):
“Age-related personal allowance,” by Antony Seely and Dominic Webb (SN06158, March 2015, .pdf format, 22p.).
March 24, 2015
“Pensions: The ups and downs of pension coverage in Canada,” by Rene Morissette (Canadian Megatrends, March 2015, .pdf format).
March 23, 2015
“Pensioner income projections,” by Richard Goulsbra and Sarah Fothergill (DWP ad hoc research report no. 23, March 2015, .pdf format, 17p.).
March 20, 2015
“Pensions: annuities,” by Djuna Thurley (SN06552, March 2015, .pdf format, 25p.).
March 17, 2015
“Defined Capability: Pensions, financial capability and decision-making among retirees,” by James Lloyd and Chris Lord (March 2015, .pdf format, 66p.).
March 16, 2015
Links to an abstract are available. For full text availability check your organization’s library.
A. “The In-State Equity Bias of State Pension Plans,” by Jeffrey R. Brown, Joshua M. Pollet, and Scott J. Weisbenner (w21020, March 2015, .pdf format, 45p.).
B. “The Impact of Consumer Inattention on Insurer Pricing in the Medicare Part D Program,” by Kate Ho, Joseph Hogan, and Fiona Scott Morton (w21028, March 2015, .pdf format, 55p.).
March 12, 2015
“PBGC’s Multiemployer Guarantee,” (March 2015, .pdf format, 13p.).
March 9, 2015
CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Paper – March 9, 2015
“The Effect of Public Pension Wealth on Saving and Expenditure,” by Marta Lachowska and Michal Myck (Discussion Paper No. 8895, February 2015, .pdf format, 62p.). Note: Links to the abstract and the full text of the paper available at:
“Pensions and Income Payments Orders,” by Lorraine Conway (SN07118, March 2015, .pdf format, 8p.).
February 26, 2015
“Private Pensions: Participants Need Better Information When Offered Lump Sums That Replace Their Lifetime Benefits,” (GAO-15-74, January 2015, .pdf format, 79p.).
“2014 Annual Survey of Hours and Earnings: Summary of Pensions Results,” (February 2015, .pdf and HTML format, 23p.).
February 25, 2015
“Pensions – international comparisons,” by Richard Cracknell and Steven Ayres (SN00290, February 2015, .pdf format, 8p.).
February 24, 2015
“Consensus revisited-the case for a new Pensions Commission,” by Ben Franklin (February 2015, .pdf format, 29p.).
CAAR – Federal Reserve Board Finance and Economic Discussion Series Working Paper – February 24, 2015
“The Evolution of Retirement Wealth,” by Sebastian Devlin-Foltz, Alice M. Henriques, and John Sabelhaus (FEDS 2015-009, February 2015, .pdf format, 34p.).
Is the current mix of tax preferences for employer-sponsored pensions and individual retirement saving in the U.S. delivering the best possible retirement-preparedness across and within generations? Using data from the triennial Survey of Consumer Finances for 1989 through 2013, cohort-based analysis of life-cycle trajectories shows that (1) overall retirement plan participation was relatively stable or even rising through 2007, though participation fell noticeably in the wake of the Great Recession and has remained lower, (2) participation is strongly correlated with income, and the shift in the type of pension coverage occurred within—not just across—income groups, (3) relative to previous cohorts and a counterfactual lifecycle benchmark, the recent decline in retirement plan participation and defined contribution (DC) retirement account balance-to-income ratios is concentrated among younger families and lower-income families.
February 23, 2015
CAAR – National Center for Analysis of Longitudinal Data in Education Research [CALDER] Working Paper – February 23, 2015
“Pension Enhancements and the Retention of Public Employees: Evidence from Teaching,” by Cory Koedel and P. Brett Xiang (Working Paper No. 123, February 2015, .pdf format, 40p.). Note: Links to the abstract and the full text of the paper available at:
February 19, 2015
A. “Taxation of Pensions Bill – debates in Parliament,” by Djuna Thurley (SN07036, February 2015, .pdf format, 26p.).
B. “Pension Schemes Bill 2014-15 – House of Lords stages,” by Djuna Thurley (SN07105, February 2015, .pdf format, 34p.).
February 11, 2015
“Automatic transfers: a framework for consolidating pension saving,” (February 2015, .pdf format, 47p.).
February 5, 2015
“Annual Survey of Public Pensions: State- and Locally-Administered Defined Benefit Data Summary Report: 2013,” by Phillip Vidal (G13-ASPP-SL, February 2015, .pdf format, 7p.). Data is available in ASCII text format.
February 3, 2015
A. International Update, January 2015 (January 2015, HTML and .pdf format, 4p.).
B. “SSI Monthly Statistics, December 2014” (January 2015, HTML and .pdf format).
CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Paper – February 3, 2015
“Pension Reform and Labor Supply: Flexibility vs. Prescription,” by Erik Hernaes, Simen Markussen, John Piggott, and Knut Roed (Discussion Paper No. 8812, January 2015, .pdf format, 34p.). Note: Links to the abstract and the full text of the paper available at:
CAAR – Center for Economic Studies/Ifo Institute for Economic Research (CESifo) [Munich, Bavaria, Germany] Working Paper – February 3, 2015
“Optimal Pensions in Aging Economies,” by Burkhard Heer (CESifo Working Paper No. 5192, January 2015, .pdf format, 35p.). Note: Links to the abstract and the full text of the paper available at:
January 26, 2015
CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Paper – January 26, 2015
“Effects of Changes in Pensions on the Age of First Benefit Receipt: Regression Discontinuity Evidence from Repatriated Ethnic Germans,” by Patrick A. Puhani and Falko Tabbert (Discussion Paper No. 8787, January 2015, .pdf format, 43p.). Note: Links to the abstract and the full text of the paper available at:
January 20, 2015
“Pension Institutions and Income Inequality across European Societies: Denmark, Germany, Sweden, and the United Kingdom,” by Jorg Neugschwender (Working Paper No. 627, January 2015, .pdf format, 22p.).
This paper analyses major pension system regulation in four European countries: Denmark, Germany, Sweden, and the United Kingdom. It is focused on the government’s and social partner’s efforts to provide old-age security benefits, and how these regulatory approaches have shaped the current structure of the public-private mix of pension protection systems. The different regulatory approaches may, in the end, have quite diverse implications on income inequality among the elderly. A historical institutional overview is provided for each of the four countries. The study also used multiple years of cross-sectional data (around 2000 – wave V and mid of 2000s – wave VI) from the Luxembourg Income Study Database to show current outcomes of the different combinations of the public-private mixes. The results showed a strong trend from earlier to later years towards a higher relevance of private pensions in the public-private mix. The Swedish and German systems relied more on employment-related public systems fare better in terms of living standards than the Danish and British systems that combined public minimum pension schemes for a long time only with mostly voluntary occupational systems. Private pensions strongly affected the income position of high-income pensioners. However, also the structure of public pension benefits had a poverty decreasing effect for low-income groups.
January 15, 2015
“Employer pensions and the wealth of Canadian families,” by Derek Messacar and René Morissette (Insights on Canadian Society, January 2015, .pdf and HTML format, 10p.).
January 14, 2015
“Making the system fit for purpose,” (January 2015, .pdf format, 23p.).
January 8, 2015
“State Pension top up,” by Djuna Thurley (SN07067, January 2015, .pdf format, 8p.).
January 7, 2015
“How Did State/Local Plans Become Underfunded?” by Alicia H. Munnell, Jean-Pierre Aubry and Mark Cafarelli (SLP No. 42, January 2015, .pdf format, 7p.).
“Recruiting and Retaining High-Quality State and Local Workers: Do Pensions Matter?” by Alicia H. Munnell, Jean-Pierre Aubry, and Geoffrey T. Sanzenbacher (WP No. 2015-1, January 2015, .pdf format, 29p.). Note: Links to the abstract and the full text of the paper available at:
January 5, 2015
“Automatic enrolment: qualitative research with employers staging in 2014,” (Research Report No. 899, January 2015, .pdf format, 143p.).