| Description |
1 online resource (xvii, 64 pages) : illustrations |
| Physical Medium |
polychrome |
| Description |
text file |
| Note |
"Prepared for the Office of the Secretary of Defense [by] National Defense Research Institute." |
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"MR-986-OSD"--Page 4 of cover. |
| Bibliography |
Includes bibliographical references (pages 63-64). |
| Summary |
In 1987 a new retirement system, called the Federal Employees Retirement System (FERS), was introduced for federal civil service personnel. Some observers have hypothesized that FERS would alter the retirement and separation outcomes produced by FERS' predecessor, the Civil Service Retirement System (CSRS). This report compares the retirement and separation incentives embedded in FERS versus those in CSRS to see whether the incentives embedded in FERS are consistent with these hypotheses. It also examines which system is more generous in terms of providing greater expected net lifetime earnings and retirement wealth. To compare the systems, the authors compute expected net wealth associated with different separation and retirement ages for a representative individual. The authors also conduct sensitivity analyses to see how their comparisons differ under alternative assumptions. Finally, the authors use data on Department of Defense civil service personnel from fiscal year 1983 through fiscal year 1996 to examine empirically how separation rates differ for early and mid-career personnel under FERS and under CSRS. |
| Access |
Use copy Restrictions unspecified MiAaHDL |
| Reproduction |
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL |
| System Details |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
| Processing Action |
digitized 2010 HathiTrust Digital Library committed to preserve MiAaHDL |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Civil Service Retirement System (U.S.)
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Civil Service Retirement System (U.S.) |
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Federal Employees' Retirement System (U.S.)
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Federal Employees' Retirement System (U.S.) |
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Civil Service Retirement System (U.S.) |
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Federal Employees' Retirement System (U.S.) |
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United States -- Officials and employees -- Pensions.
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United States. |
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Pensions. |
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Early retirement incentives -- United States.
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Early retirement incentives. |
| Genre/Form |
Electronic books.
|
| Added Author |
Warner, John T.
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United States. Department of Defense. Office of the Secretary of Defense.
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National Defense Research Institute (U.S.)
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| Other Form: |
Print version: Asch, Beth J. Separation and retirement incentives in the federal civil service. Santa Monica, CA : Rand, 1999 0833026895 (DLC) 98051689 (OCoLC)40408802 |
| ISBN |
0585361037 (electronic book) |
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9780585361031 (electronic book) |
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0833026895 |
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9780833026897 |
|
