公共养老金计划中的资金水平和性别

Tim V. Eaton, John R. Nofsinger
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引用次数: 18

摘要

利用2002年和2005年美国公共退休制度的综合样本,我们发现,尽管经济状况良好,州税收收入增加,股票市场平均回报强劲,但这些年来公共养老金计划资金不足的情况急剧增加,计划只有83%的资金到位。教师计划和大多数退休人员的计划资金不足。我们没有发现与资产配置或关于通货膨胀率和回报率的精算假设相关的显著差异。与资金不足显著减少相关的一个主要因素是更多的女性积极参与该计划,这表明女性退休收入面临另一个风险。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Funding Levels and Gender in Public Pension Plans
Using a comprehensive sample of 2002 and 2005 U.S. public retirement systems, we found that public pension plan underfunding grew dramatically in these years despite a good economy, increasing state tax revenues, and strong stock market returns on average, plans were only 83% funded. Teacher plans and plans with the most retirees were more underfunded. We found no significant differences related to asset allocations or actuarial assumptions about inflation and rate of return. A primary factor associated with significantly lower underfunding was more female active participants in the plan, suggesting another risk to women's retirement income.
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