Separation and retirement incentives in the federal civil service :: a comparison of the Federal Employees Retirement System and the Civil Service Retirement System /
In 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 S...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Santa Monica, CA :
Rand,
1999.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | In 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 data on Department of Defense civil service personnel from fiscal year 1983 through fiscal year 1996 to examine empirically how separation rates differ for early and mid-career personnel under FERS and under CSRS. |
| Beschreibung: | "Prepared for the Office of the Secretary of Defense [by] National Defense Research Institute." "MR-986-OSD"--Page 4 of cover |
| Beschreibung: | 1 online resource (xvii, 64 pages) : illustrations |
| Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
| Bibliographie: | Includes bibliographical references (pages 63-64). |
| ISBN: | 0585361037 9780585361031 |
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| 504 | |a Includes bibliographical references (pages 63-64). | ||
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| 520 | |a In 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 data on Department of Defense civil service personnel from fiscal year 1983 through fiscal year 1996 to examine empirically how separation rates differ for early and mid-career personnel under FERS and under CSRS. | ||
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| 610 | 2 | 0 | |a Civil Service Retirement System (U.S.) |0 http://id.loc.gov/authorities/names/n84047170 |
| 610 | 2 | 0 | |a Federal Employees' Retirement System (U.S.) |0 http://id.loc.gov/authorities/names/n88109468 |
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| geographic | United States Officials and employees Pensions. http://id.loc.gov/authorities/subjects/sh85026412 United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq |
| geographic_facet | United States Officials and employees Pensions. United States |
| id | ZDB-4-EBA-ocm47008343 |
| illustrated | Illustrated |
| indexdate | 2024-11-27T13:15:12Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n86019386 http://id.loc.gov/authorities/names/n91060525 |
| isbn | 0585361037 9780585361031 |
| language | English |
| oclc_num | 47008343 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (xvii, 64 pages) : illustrations |
| psigel | ZDB-4-EBA |
| publishDate | 1999 |
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| publishDateSort | 1999 |
| publisher | Rand, |
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| spelling | Asch, Beth J. Separation and retirement incentives in the federal civil service : a comparison of the Federal Employees Retirement System and the Civil Service Retirement System / Beth J. Asch, John T. Warner. Santa Monica, CA : Rand, 1999. 1 online resource (xvii, 64 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier "Prepared for the Office of the Secretary of Defense [by] National Defense Research Institute." "MR-986-OSD"--Page 4 of cover Includes bibliographical references (pages 63-64). Print version record. In 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 data on Department of Defense civil service personnel from fiscal year 1983 through fiscal year 1996 to examine empirically how separation rates differ for early and mid-career personnel under FERS and under CSRS. Use copy Restrictions unspecified star MiAaHDL Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. MiAaHDL Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Civil Service Retirement System (U.S.) http://id.loc.gov/authorities/names/n84047170 Federal Employees' Retirement System (U.S.) http://id.loc.gov/authorities/names/n88109468 Civil Service Retirement System (U.S.) fast Federal Employees' Retirement System (U.S.) fast United States Officials and employees Pensions. http://id.loc.gov/authorities/subjects/sh85026412 Early retirement incentives United States. Incitation à la préretraite États-Unis. BUSINESS & ECONOMICS Personal Finance Retirement Planning. bisacsh Government employees. dtict Retirement (Personnel) dtict Personnel management. dtict Compensation. dtict Salaries. dtict Early retirement incentives fast Pensions fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Warner, John T. United States. Department of Defense. Office of the Secretary of Defense. http://id.loc.gov/authorities/names/n86019386 National Defense Research Institute (U.S.) http://id.loc.gov/authorities/names/n91060525 has work: Separation and retirement incentives in the federal civil service (Text) https://id.oclc.org/worldcat/entity/E39PCFtq477YCjJmkrKVmVGhtq https://id.oclc.org/worldcat/ontology/hasWork Print version: Asch, Beth J. Separation and retirement incentives in the federal civil service. Santa Monica, CA : Rand, 1999 0833026895 (DLC) 98051689 (OCoLC)40408802 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=47920 Volltext |
| spellingShingle | Asch, Beth J. Separation and retirement incentives in the federal civil service : a comparison of the Federal Employees Retirement System and the Civil Service Retirement System / Civil Service Retirement System (U.S.) http://id.loc.gov/authorities/names/n84047170 Federal Employees' Retirement System (U.S.) http://id.loc.gov/authorities/names/n88109468 Civil Service Retirement System (U.S.) fast Federal Employees' Retirement System (U.S.) fast Early retirement incentives United States. Incitation à la préretraite États-Unis. BUSINESS & ECONOMICS Personal Finance Retirement Planning. bisacsh Government employees. dtict Retirement (Personnel) dtict Personnel management. dtict Compensation. dtict Salaries. dtict Early retirement incentives fast Pensions fast |
| subject_GND | http://id.loc.gov/authorities/names/n84047170 http://id.loc.gov/authorities/names/n88109468 http://id.loc.gov/authorities/subjects/sh85026412 |
| title | Separation and retirement incentives in the federal civil service : a comparison of the Federal Employees Retirement System and the Civil Service Retirement System / |
| title_auth | Separation and retirement incentives in the federal civil service : a comparison of the Federal Employees Retirement System and the Civil Service Retirement System / |
| title_exact_search | Separation and retirement incentives in the federal civil service : a comparison of the Federal Employees Retirement System and the Civil Service Retirement System / |
| title_full | Separation and retirement incentives in the federal civil service : a comparison of the Federal Employees Retirement System and the Civil Service Retirement System / Beth J. Asch, John T. Warner. |
| title_fullStr | Separation and retirement incentives in the federal civil service : a comparison of the Federal Employees Retirement System and the Civil Service Retirement System / Beth J. Asch, John T. Warner. |
| title_full_unstemmed | Separation and retirement incentives in the federal civil service : a comparison of the Federal Employees Retirement System and the Civil Service Retirement System / Beth J. Asch, John T. Warner. |
| title_short | Separation and retirement incentives in the federal civil service : |
| title_sort | separation and retirement incentives in the federal civil service a comparison of the federal employees retirement system and the civil service retirement system |
| title_sub | a comparison of the Federal Employees Retirement System and the Civil Service Retirement System / |
| topic | Civil Service Retirement System (U.S.) http://id.loc.gov/authorities/names/n84047170 Federal Employees' Retirement System (U.S.) http://id.loc.gov/authorities/names/n88109468 Civil Service Retirement System (U.S.) fast Federal Employees' Retirement System (U.S.) fast Early retirement incentives United States. Incitation à la préretraite États-Unis. BUSINESS & ECONOMICS Personal Finance Retirement Planning. bisacsh Government employees. dtict Retirement (Personnel) dtict Personnel management. dtict Compensation. dtict Salaries. dtict Early retirement incentives fast Pensions fast |
| topic_facet | Civil Service Retirement System (U.S.) Federal Employees' Retirement System (U.S.) United States Officials and employees Pensions. Early retirement incentives United States. Incitation à la préretraite États-Unis. BUSINESS & ECONOMICS Personal Finance Retirement Planning. Government employees. Retirement (Personnel) Personnel management. Compensation. Salaries. Early retirement incentives Pensions United States |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=47920 |
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