Pension Wealth and Income: 1992, 1998, and 2004

TitlePension Wealth and Income: 1992, 1998, and 2004
Publication TypeReport
Year of Publication2008
AuthorsSorokina, O, Webb, A, Muldoon, D
InstitutionBoston College, Center for Retirement Research
Call Numbernewpubs20080411_CRRJan08.pdf
KeywordsNet Worth and Assets, Pensions
Abstract

What is the impact of the shift from defined benefit to defined contribution plans on the pension wealth of households approaching retirement? Using data from the Health and Retirement Study, this brief documents this shift and compares employer-sponsored pension wealth across households with heads age 51-56 in 1992, 1998, and 2004. The results show that, for the average household, both pension wealth and replacement rates the ratio of annual benefits to pre-retirement earnings fell between 1992 and 2004.

URLhttp://crr.bc.edu/
Endnote Keywords

Pension Wealth/defined benefits/defined contribution pension plans/Retirement Wealth

Endnote ID

18750

Citation Key5708