Deriving preretirement income replacement rate targets and the savings rates needed to meet them
Article Abstract:
Benefit managers need to consistently measure employees' standards of living before and after retirement to come up with a significant objective for income replacement. Employees save enough retirement income by consuming less than they earn to provide or at least maintain their preretirement standards of living. Employers now understand the need to maintain such standards and provide alternative retirement and preretirement benefit plans that are beneficial to their employees.
Publication Name: Benefits Quarterly
Subject: Human resources and labor relations
ISSN: 8756-1263
Year: 1998
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Conceptual and measurement problems in contemporary measures of income needs in retirement
Article Abstract:
Existing conceptual retirement income replacement models often make assumptions that are not related to retirees. These models assume that work-related expenditures are a constant fraction of earnings when calculating the needed replacement income. The role of savings and retirement income targets in designing retirement plans is analyzed. Anadequate retirement income helps retirees maintain their preretirement standards of living.
Publication Name: Benefits Quarterly
Subject: Human resources and labor relations
ISSN: 8756-1263
Year: 1996
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Retirement income adequacy: good news or bad?
Article Abstract:
A study based on the data from baby boomers' retirement savings for retirement income adequacy is presented. Research on the subject indicates that there are no hard and fast rules for adequacy and the estimates for retirement planning should have a contingency component in respect of the risks facing the participants in the retirement plans.
Publication Name: Benefits Quarterly
Subject: Human resources and labor relations
ISSN: 8756-1263
Year: 2004
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