Pensions, Social Security Benefits: Levels, Costs and Issues |
Contents
INTRODUCTION | 1 |
BENEFIT AND COST LEVELS UNDER THE MODEL PLANS | 7 |
EFFECT OF SERVICE ON RETIREMENT BENEFITS | 16 |
Common terms and phrases
75 Final Pay adequacy adequate after-tax Average Step-Rate Plan BUSINESS ROUNDTABLE capital accumulation Career Average Step-Rate Career Pay $7.5 Chart cost of pensions early retirement elderly ERISA Final Pay $7.5 Final Pay Offset Final Pay Step-Rate government employee Gross National Product gross pay Income Replaced inflation on retirement levels and costs major employers model pension plans Model Plan Single Pay $7.5 Step-Rate pay levels Pay Offset Plan Pay Step-Rate Plan Pension Increase Pension Plus Primary Plan 15 plan costs Plan Single Employee post-retirement Post-Tax Retirement Income Pre-Retirement After Tax Primary Social Security private pension plans private pension system Provided by Model rate of inflation replacement ratios retired persons retirement at age retirement income levels retirement plans Savings Plan Security and pension Single Employee Retiring Social Security Administration Social Security benefits Social Security Provided Social Security taxes Step-Rate 10 Plan Step-Rate Plan 80 Tax Income TPF&C trend workers