000			02896cam a22004457a 4500
001			w31478
003			NBER
005			20240125162332.0
006			m o d
007			cr cnu||||||||
008			240124s2023 mau fo 000 0 eng d
040			_aMaCbNBER _beng _cMaCbNBER
100	1		_aClark, Robert L. _98134
245	1	3	_aAn Analysis of Benefit Distribution Options Selected by Individuals Covered by the PBGC / _cRobert L. Clark, Denis Pelletier, Beth Ritter.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2023.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w31478
500			_aJuly 2023.
520	3		_aThe Pension Benefit Guarantee Corporation becomes the trustee for private defined benefit plans that have defaulted. The PBGC pays retirement benefits as provided by the plan and that are consistent with federal guidelines concerning the type and amounts of distributions. In response to a Freedom of Information Request, the PBGC provided us with relevant information on all individuals who received a retirement benefit from the PBGC in the last 10 years, over 250,000 retirees. We examine the PBGC distributions chosen over the last decade and how they vary by age at retirement, sex, months of service, and other relevant variables. Key findings indicate that men are much more likely to choose a joint and survivor annuity compared to female claimants and the difference increases with age. Conditional on selecting a J&S annuity, men are more likely to select a 100% survivor's annuity while women tend to choose a 50% survivor's benefit.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aEconomics of the Elderly • Economics of Disability • Non-Labor Market Discrimination _2jelc
650		7	_aEconomics of the Elderly • Economics of Disability • Non-Labor Market Discrimination _2jelc
084			_aJ14 _2jelc
690		7	_aRetirement • Retirement Policies _2jelc
650		7	_aRetirement • Retirement Policies _2jelc
084			_aJ26 _2jelc
690		7	_aNonwage Labor Costs and Benefits • Retirement Plans • Private Pensions _2jelc
650		7	_aNonwage Labor Costs and Benefits • Retirement Plans • Private Pensions _2jelc
084			_aJ32 _2jelc
700	1		_aPelletier, Denis.
700	1		_aRitter, Beth.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w31478.
856	4	0	_uhttps://www.nber.org/papers/w31478
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w31478
942			_2ddc _cW-PAPER
999			_c392560 _d351122