Pension Plans: Many Workers Don't Know When They Can Retire.

Abstract

Employer-sponsored pensions are one component of the retirement income security system, supplementing social security retirement benefits and private savings. Workers are likely to be better able to plan for retirement if they understand their pension plans' eligibility requirements for early and normal retirement benefits. However, according to our analysis, millions of workers in public and private defined benefit pension plans lack correct knowledge about their future eligibility for early retirement benefits and about the earliest ages at which they can retire with either reduced or full benefits. Keywords: Personnel retirement.

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1987
Accession Number
ADA186382

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Human Systems

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  • Congress
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  • Education
  • Families (Human)
  • Finance
  • Frequency
  • Governments
  • House Of Representatives
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  • New York
  • Sampling
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  • Security
  • Social Security
  • Surveys
  • United States

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