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OverviewIn 1987 a new retirement system, called the Federal Employees Retirement System (FERS), was introduced for federal civil service personnel. Some observers have hypothesized that FERS would alter the retirement and separation outcomes produced by FERS' predecessor, the Civil Service Retirement System (CSRS). This report compares the retirement and separation incentives embedded in FERS versus those in CSRS to see whether the incentives embedded in FERS are consistent with these hypotheses. It also examines which system is more generous in terms of providing greater expected net lifetime earnings and retirement wealth. To compare the systems, the authors compute expected net wealth associated with different separation and retirement ages for a representative individual. The authors also conduct sensitivity analyses to see how their comparisons differ under alternative assumptions. Finally, the authors use Full Product DetailsAuthor: Beth J. Asch , John T. WarnerPublisher: RAND Imprint: RAND Dimensions: Width: 21.50cm , Height: 0.50cm , Length: 27.80cm Weight: 0.213kg ISBN: 9780833026897ISBN 10: 0833026895 Pages: 64 Publication Date: 13 December 1999 Audience: College/higher education , General/trade , Professional and scholarly , Undergraduate , General Format: Paperback Publisher's Status: Active Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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