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The Effects Of Pensions And Retirement Policies On Retirement In Higher Education
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Book Synopsis The Effects of Pensions and Retirement Policies on Retirement in Higher Education by : Alan L. Gustman
Download or read book The Effects of Pensions and Retirement Policies on Retirement in Higher Education written by Alan L. Gustman and published by . This book was released on 1991 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: A structural retirement model is estimated using data for tenured, male faculty employed in the 1970's at 26 high quality private colleges and universities. Simulations of raising and then abolishing the mandatory retirement age suggest very large increases in full time work by faculty members in their late 60's and early 70's. Simulations also suggest that early retirement incentive programs would offset only a small fraction of the increase in work due to changes in mandatory retirement, and that rents created by these programs exceed savings from induced early retirements, with salaries of replacements further adding to costs.
Book Synopsis To Retire or Not? by : Robert L. Clark
Download or read book To Retire or Not? written by Robert L. Clark and published by University of Pennsylvania Press. This book was released on 2017-06-13 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: Colleges and universities across the country face huge challenges as their faculties age, their budgets stagnate, and mandatory retirement becomes a thing of the past. In To Retire or Not? the nation's foremost authorities on retirement policy and practice provide a critical assessment of academic labor markets and retirement patterns, explaining how to adjust pension and other incentive programs to ensure proper replenishment of intellectual and human capital. Case studies vividly illustrate how to predict the need for special retirement programs, how to structure voluntary early-out benefit plans, and how age-based retirement incentives work in practice. Recent legal decisions are assessed and critiqued. A recent amendment to the U.S. Age Discrimination in Employment Act ended mandatory retirement for tenured faculty at colleges and universities across the country. This law let individual faculty members enjoy an economic benefit enjoyed by almost all other American workers: they could choose to continue working past age 70 or "sell" the benefit back to their universities in exchange for earlier retirement. At the same time, however, educational administrators were faced with a faculty bulge created by the expansion of the professorate in the 1960s and early '70s, and the so-called "surplus army" of Ph.D.s of the 1980s. Colleges and universities everywhere are now faced with the higher costs of retaining senior professors instead of hiring entry-level replacements at lower salaries.
Book Synopsis Ending Mandatory Retirement for Tenured Faculty by : National Research Council
Download or read book Ending Mandatory Retirement for Tenured Faculty written by National Research Council and published by National Academies Press. This book was released on 1991-02-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proportion of older faculty is increasing nationwide. This book offers guidance not only for dealing with the elimination of mandatory retirement in higher education but also for current retirement-related issues facing all colleges and universities. Ending Mandatory Retirement addresses such questions as: Do the special circumstances of higher education warrant the continuation of mandatory retirement? How would an increase in the number of older faculty affect individual colleges and universities and their faculty members? Where there are undesirable effects, what could be done to minimize them? The book contains analyses of early retirement programs, faculty performance evaluation practices, pension and benefit policies, tenure policies, and faculty ages and retirement patterns.
Book Synopsis The Effects of Pensions and Retirement Policies in Higher Education by : Alan L. Gustman
Download or read book The Effects of Pensions and Retirement Policies in Higher Education written by Alan L. Gustman and published by . This book was released on 1991 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 1992 Census of Retail Trade written by and published by . This book was released on 1994 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Recruitment, Retention, and Retirement in Higher Education by : Robert Louis Clark
Download or read book Recruitment, Retention, and Retirement in Higher Education written by Robert Louis Clark and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: [This book] provides tools and insights for university and college administrators to use when evaluating changes in retirement policy, and it presents valuable information in the form of case studies concerning changes in retention policies and retirement policies. Lisa M. Dickson, Industrial and Labor Relations Review This volume, a collection of papers presented at the 2004 TIAA-CREF Institute conference on higher education, contains many excellent chapters. John Heuer, Journal of Pension Economics and Finance This book enlightens the reader about two important policy issues, health care provision and retirement plans, by addressing both broad macro issues and specific concerns of higher education administrators. Such content is both valuable and practical for the concerned higher education researcher and administrator. Marc Kaulisch, The Review of Higher Education Attracting and retaining highly qualified faculty is essential to maintaining productivity at institutions of higher education. Colleges and universities are at a critical juncture in their history as they attempt to achieve their teaching and research goals. This volume examines some of the most pressing employment and compensation issues confronting academic administrators. Contributors discuss topics such as: ageing of faculty, changing economic conditions and shifts in faculty employment patterns, rapid increases in health care costs and trends in retiree health insurance, and adoption of phased and early retirement programs. The volume also includes a series of case studies on how individual universities are confronting these challenges. Institutions in these case studies include: Syracuse University, the University of North Carolina, the University of California, institutions in the Association of New American Colleges, and other colleges and universities included in several surveys and research projects. This timely volume will appeal to academic administrators at colleges and universities in the US and internationally as they face the common challenges of rising employment costs, faculty aging and global competition. Researchers interested in the future of higher education, economics, and the academic labor market in general will find this a valuable addition to their library.
Book Synopsis The effects of pensions and retirement in higher education by : Alan L. Gustman
Download or read book The effects of pensions and retirement in higher education written by Alan L. Gustman and published by . This book was released on 1991 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Private Pensions and Public Policies by : William G. Gale
Download or read book Private Pensions and Public Policies written by William G. Gale and published by Rowman & Littlefield. This book was released on 2004-04-21 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The private pension system, together with Social Security, has provided millions of Americans with income security in retirement. But over the past thirty years, pension coverage has stagnated, leaving behind some vulnerable groups. Defined contribution plans have exposed workers to greater investment risk, while cash balance and other hybrid plans may have adverse effects on older workers caught in the transition. Pension regulations, infamous for their complexity, can be bewildering to policy analysts and policymakers. Private Pensions and Public Policies sheds timely and much-needed light on specific issues within the broader context and framework of pension reform. Contributors focus on topics that must be addressed in any reform effort, including the effects of the shift in emphasis toward defined contribution plans (after the 1974 Employee Retirement Income and Security Act) and hybrid plans (from the 1990s); regulatory issues such as nondiscrimination rules and contribution limits; how to increase the information available to participants and improve financial education; how participants in defined contribution plans make choices on questions such as asset allocation, back-loaded versus front-loaded saving, and annuities versus lump sum distributions; and the interaction of the private pension system with Social Security. Contributors include Robert L. Clark (North Carolina State University), Sylvester J. Schieber (Watson Wyatt Worldwide), Richard A. Ippolito (George Mason University School of Law), Alan L. Gustman (Dartmouth College), Thomas L. Steinmeier (Texas Tech University), John Karl Scholz (University of Wisconsin), Dean M. Maki, (JPMorgan Chase), William Even (Miami University of Ohio), Jagadeesh Gokhale (American Enterprise Institute), Laurence J. Kotlikoff (Boston University), Mark J. Warshawsky (TIAA-CREF Institute), Annika Sunden (Boston College), Andrew A. Samwick (Dartmouth College), David A. Wise (Harvard University), Joel Dickson (T
Book Synopsis Faculty Retirement in the Arts and Sciences by : Albert Rees
Download or read book Faculty Retirement in the Arts and Sciences written by Albert Rees and published by Princeton University Press. This book was released on 2014-07-14 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1986 the Age Discrimination in Employment Act (ADEA) was amended to abolish mandatory retirement for tenured faculty members in colleges and universities effective January 1, 1994. Will this "uncapping" of the retirement age adversely affect the vitality of academic departments or the prospects of advancement for younger scholars? In a definitive study of faculty retirement in the arts and sciences, Albert Rees and Sharon Smith seek to answer this question. Basing their conclusions on original data collected from thirty-three colleges and universities, they do much to resolve an issue that is a frequent subject of discussion in the academic world and in the press. Rees and Smith reveal that the ending of mandatory retirement will have much smaller effects than those generally anticipated--so small that there is no justification for efforts to have Congress continue exempting faculty members from the ADEA past 1994, the date that the exemption is now due to expire. In addition to their data on retirement patterns, the authors make use of surveys of senior faculty and retired faculty to explore attitudes toward retirement. Originally published in 1991. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Book Synopsis New Ways to Phase Into Retirement: Options for Faculty and Institutions by : Valerie Martin Colnley
Download or read book New Ways to Phase Into Retirement: Options for Faculty and Institutions written by Valerie Martin Colnley and published by Jossey-Bass. This book was released on 2006-03-17 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume explores all aspects of phased retirement, an option that provides flexibility for faculty who intend to retire but may have good reason to do so gradually instead of all at once. It is well known now that colleges and universities can no longer tell faculty when they must retire. Instead, faculty can now tell their institutions when they will stop working. For years prior to 1994, the impending federal abolition of mandatory retirement caused colleges and universities to worry that faculty might choose never to retire. The specter of an infinitely aging and increasingly costly gerontocracy ruling the classrooms, labs, and committee structures of universities led to varied experiments with incentives and inducements to make retirement attractive to faculty members. This volume looks at how one of these newer options, phased retirement, works. New Ways to Phase Into Retirement is the 132nd issue of the quarterly higher education report New Directions for Higher Education, published by Jossey-Bass.
Book Synopsis Aging and the Macroeconomy by : National Research Council
Download or read book Aging and the Macroeconomy written by National Research Council and published by National Academies Press. This book was released on 2013-01-10 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
Author :Panel on Retirement Income Modeling Publisher :National Academies Press ISBN 13 :0309589533 Total Pages :288 pages Book Rating :4.3/5 (95 download)
Book Synopsis Assessing Knowledge of Retirement Behavior by : Panel on Retirement Income Modeling
Download or read book Assessing Knowledge of Retirement Behavior written by Panel on Retirement Income Modeling and published by National Academies Press. This book was released on 1996-08-13 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together in one volume what researchers have learned about workers, employers, and retirees that is important for formulating retirement income policies. As the U.S. population ages, there is increasing uncertainty about the solvency of the Social Security and Medicare systems and the adequacy of private pensions to provide for people's retirement needs. The volume covers such critical behaviors as workers' decisions to retire, people's choices of saving over consumption, and employers' decisions about hiring older workers and providing pension and health care benefits. Also covered are trends in mortality, health status, and health care costs that are key to projecting the likely costs and effects of alternative retirement income security policies and a strategy for combining data and research knowledge into a policy modeling framework.
Book Synopsis Pension Design and Structure by : Olivia S. Mitchell
Download or read book Pension Design and Structure written by Olivia S. Mitchell and published by OUP Oxford. This book was released on 2004-07-15 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employees are increasingly asked to make sophisticated decisions about their pension and healthcare plans. Yet recent research shows that the decisions 'real' people make are often not those of the careful and well-informed economic agent conventionally portrayed in economic research. Rather, decision-makers tend to operate with flawed information and make some of the most critical financial decisions of their lives lacking a full understanding of the options before them and the implications of their decisions. Pension Design and Structure explores the assumptions behind commonly-held theories of retirement decision-making, in order to draw out the consequences of frontier research in behavioral finance and economics for those interested in better design and structure of retirement pensions. Using large datasets newly provided by financial service firms and real-world experiments, this volume tests the hypotheses of this research. This is the first book to explore the implications of behavioral finance research for pensions and retirement studies. The authors blend cutting-edge research from several fields including Finance, Economics, Management, Sociology, and Psychology. The book will be of interest to pension plan participants and sponsors, financial service groups responsible for pensions, and retirement system regulators.
Book Synopsis Pension and Retirement Policies in Colleges and Universities by : Commission on College Retirement
Download or read book Pension and Retirement Policies in Colleges and Universities written by Commission on College Retirement and published by . This book was released on 1990-11-01 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Early Retirement Programs in US Higher Education by : John E. Keefe
Download or read book Early Retirement Programs in US Higher Education written by John E. Keefe and published by . This book was released on 1998 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Fiscal Impact of an Optional Retirement Plan (ORP) for Illinois' Higher Education Faculty and Administrators by : Illinois Economic and Fiscal Commission
Download or read book The Fiscal Impact of an Optional Retirement Plan (ORP) for Illinois' Higher Education Faculty and Administrators written by Illinois Economic and Fiscal Commission and published by . This book was released on 1995 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations Publisher : ISBN 13 : Total Pages :68 pages Book Rating :4.3/5 (121 download)
Book Synopsis Hearing on Early Retirement in Higher Education by : United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations
Download or read book Hearing on Early Retirement in Higher Education written by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations and published by . This book was released on 1997 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
