Pension wealth and income

Sorokina, Olga, Anthony Webb, and Dan Muldoon. “Pension wealth and income”. Issue in Brief 8-1, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, January 2008. http://hdl.handle.net/2345/bc-ir:104307.
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Abstract

What is the impact of the shift from defined benefit to defined contribution plans on the pension wealth of households approaching retirement?  Using data from the Health and Retirement Study, this brief documents this shift and compares employer-sponsored pension wealth across households with heads age 51-56 in 1992, 1998, and 2004.  The results show that, for the average household, both pension wealth and replacement rates — the ratio of annual benefits to pre-retirement earnings — fell between 1992 and 2004.

Title
Pension wealth and income: 1992, 1998, and 2004
Author
Sorokina, Olga
Webb, Anthony
Muldoon, Dan
Center
Center for Retirement Research
Genre
report
Date Issued
January 2008
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
8-1
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104307
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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