Browsing by Author "Beehr, Terry A"
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- ItemOpen AccessPayout Elections of Participants in a Public Pension(International Society of Certified Employee Benefit Specialists, 1992) Nielson, Norma; Beehr, Terry AThe payout choices made by retiring workers of the Oregon Public Employees Retirement System (PERS) and their spouses who sought information about retirement after February 1, 1990, and later retired during 1990 are reported. The study population was found to divide itself almost evenly among options that provide guaranteed lifetime income protection to the spouse, those that provided a temporary refund guarantee, and those that provided no ongoing income to the spouse after the retiree's death. The results strongly support the existence of adverse selection in the payout options chosen by retirees. The health of the retiree does more to explain the payout choice than does any other variable. While the results indicate that retirees feel more strongly about providing adequately for spouses than do the spouses themselves, this statement of apparent priority is contradicted when a significant number of spouses or retiring PERS employees will have no lifetime income payable under that or any other pension plan.
- ItemOpen AccessPredicting employees' decisions to retire(2010-11-29T17:48:34Z) Nielson, Norma; Beehr, Terry A; Glazer, Sharon; Farmer, SuzanneIn a study of the likely causes of retirement decisions, 197 older employees of a state government and their spouses were surveyed a few months before and again a few months after the employees' retirement. Data also were collected from the employees' personnel records. Holding finances, gender, and health constant, (1) some work characteristics conceptualized as potentially pushing older employees away from work and toward retirement and (2) some personal and expected retirement characteristics conceptualized as potentially pulling them toward retirement were examined for their ability to predict employees’ expected ages of retirement.
- ItemOpen AccessRetirement Income for Surviving Spouses(International Public Management Association for Human Resources, 1994) Nielson, Norma; Beehr, Terry AReports on a study of married participants in the Oregon Public Employees Retirement System (PERS) to gain information about their retirement decisions. Implications for the pension plan and its sponsors; Analysis of all income streams converted to an asset or wealth variable.