The Importance of Stable Income Sources in Retirement: An Exploratory Study

Abstract

Spiraling compensation costs over the past two decades has led many firms to change their compensation strategies. There has been a shift in employee pension benefits as a form of compensation, as firms are rapidly moving from defined benefit plans towards defined contribution plans. In this study, we examine data and prior empirical analyses from the Health and Retirement Study to explore how this shift may affect retirees and employees. Based on an exploratory data analysis, we introduce a theoretical framework representing the relationship between retiree satisfaction and pension plans, and discuss its potential impact on organizations and their employees.

Factors Associated with Employees’ Choice of Mandatory Retirement Plan: The Case of Malaysian Public Universities

“…Dulebohn et al (2000) The Case of Malaysian Public Universities: 31-44 related mobility to the selection of employer-sponsored pension plans which they call "portability" in their study. Sundali et al (2008) investigated the conditions in which employees consider whether the benefits gained by shifting to DC plans exceed the associated costs. Clark and Pitts (1999) adopted actual service-length as measured in administrative records as a proxy for mobility expectations.…”

Comparing the Future Concerns of Early Wave Baby Boomers With the Concerns of Young-Old Adults

“…Employers in the United States have moved away from defined benefit pension plans to defined contribution pension plans; members of the baby boom generation are much less likely to receive defined benefit plans than the previous generation. Because defined contribution plans are less predictable in the amount of support they provide, recipients of defined contribution plans have more financial worries about retirement than defined benefit plans (Sundali, Westerman, & Stedham, 2008).…”