Acturial Adjustment Aspects of Public Pension Schemes

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Kamil Galuscak;
  • Subject: public pensions, defined-benefit pension plans, U.S. pension scheme, actuarial adjustment, delayed retirement credit, discounting, lifetime uncertainty, risk aversion
    • jel: jel:H55 | jel:D80 | jel:J22 | jel:J26

It has been shown in economic research that public pay-as-you-go defined-benefit pension plans penalize those who continue to work beyond a certain age by reducing the present discounted value of future retirement benefits. In discussions on the effectiveness of policie... View more
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