We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Retirement Savings and Lump Sum Distributions.
- Authors
Andrews, Emily S.
- Abstract
Preretirement lump sum distributions are becoming prevalent. These distributions are frequently not saved until retirement. This trend has prompted some policy maker to consider whether or not to restrict their use. The author presents an analysis of data from the Current Population Survey employee benefit supplement, focusing on the uses of pension cashouts. She found that the likelihood of saving preretirement cashouts from pension plans appears to be closely related to variables that are associated with overall propensities to save. These factors include interest recipiency, dividend recipiency and home ownership. The increasing propensity of employees to save their cashouts for retirement over time may reflect the availability of individual retirement accounts (IRA) and individual experiences with IRA.
- Subjects
LUMP sum distributions (Pensions); RETIREMENT; SAVINGS; EMPLOYEE benefits; INDIVIDUAL retirement accounts; HOME ownership
- Publication
Benefits Quarterly, 1991, Vol 7, Issue 2, p47
- ISSN
8756-1263
- Publication type
Article