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Title: Factors Affecting Retirement Income
Resulting in 1 citation.
1. Wiatrowski, William J.
Factors Affecting Retirement Income
Monthly Labor Review 116,3 (March 1993): 25-35.
Also: http://stats.bls.gov/opub/mlr/1993/03/art2abs.htm
Cohort(s): Mature Women
Publisher: U.S. Department of Labor
Keyword(s): Benefits; Income; Job Tenure; Pensions; Retirees; Retirement/Retirement Planning; Women

Compared with their counterparts earlier in the century, today's Americans are working in different industries, retiring earlier; and living longer; yet these changes are not always recognized in the design of retirement income benefits. Older Americans may receive income from several sources, including Social Security, employer-provided pension plans, savings, and current earnings. The trend over the last several years has been toward increased availability of income from employer-provided pension plans. In 1988, 55 percent of households headed by persons aged 65 and older received some income from such plans. That number is projected to reach 88 percent by 2018. This increase is due in large part to the growing coverage of women by pension benefit plans. For example, the increase in the labor force participation of women in recent years, and the more widespread availability of survivor benefits for both men and women is likely to result in greater overall availability of pension benefits in the future. Following are several trends in retirement plan design that will affect these future retirees, together with some facts about changes in the population in general, and the labor force in particular. Note that these trends are not always consistent. Data from the National Longitudinal Survey of Mature Women suggest a correlation between a worker's concern for retirement income and his or her job tenure. Among women aged 50 to 60, average tenure was 12 years. For those women working for an employer providing pension coverage, the average was 16 years, compared with 8 years for those to whom no pension was available. While other factors may influence these findings, there appears to be some relationship between pension coverage and job tenure. (Copyright Superintendent of Documents 1993)
Bibliography Citation
Wiatrowski, William J. "Factors Affecting Retirement Income." Monthly Labor Review 116,3 (March 1993): 25-35.