Payout Elections of Participants in a Public Pension

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dc.contributor.authorNielson, Normaeng
dc.contributor.authorBeehr, Terry Aeng
dc.date.accessioned2010-12-14T20:58:19Z
dc.date.available2010-12-14T20:58:19Z
dc.date.issued1992
dc.descriptionPermission granted from publisher Dec. 1, 2010. “This article is from the Second Quarter 1992 issue of Benefits Quarterly, published by the International Society of Certified Employee Benefit Specialists.”eng
dc.description.abstractThe payout choices made by retiring workers of the Oregon Public Employees Retirement System (PERS) and their spouses who sought information about retirement after February 1, 1990, and later retired during 1990 are reported. The study population was found to divide itself almost evenly among options that provide guaranteed lifetime income protection to the spouse, those that provided a temporary refund guarantee, and those that provided no ongoing income to the spouse after the retiree's death. The results strongly support the existence of adverse selection in the payout options chosen by retirees. The health of the retiree does more to explain the payout choice than does any other variable. While the results indicate that retirees feel more strongly about providing adequately for spouses than do the spouses themselves, this statement of apparent priority is contradicted when a significant number of spouses or retiring PERS employees will have no lifetime income payable under that or any other pension plan.eng
dc.description.refereedYeseng
dc.identifier.citationNielson, N.L. and T.A. Beehr. "Payout Elections of Participants in a Public Pension," Benefits Quarterly, Second quarter 1992. pp. 59-69.eng
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/34014
dc.identifier.issn8756-1263
dc.identifier.urihttp://hdl.handle.net/1880/48307
dc.language.isoengeng
dc.publisherInternational Society of Certified Employee Benefit Specialistseng
dc.publisher.corporateUniversity of Calgaryeng
dc.publisher.facultyHaskayne School of Businesseng
dc.publisher.urlhttp://www.iscebs.org/Resources/BQ/Pages/BenefitsQuarterly.aspxeng
dc.subjectPublic sectoreng
dc.subjectPension planseng
dc.subjectStatistical dataeng
dc.subjectStudieseng
dc.subject.otherImplicationseng
dc.subject.otherElectionseng
dc.titlePayout Elections of Participants in a Public Pensioneng
dc.typejournal article
thesis.degree.disciplineRisk Management & Insuranceeng
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