Pension Policy for a Mobile Labor Force

Authors

John A. Turner, U.S. Dept. of LaborFollow
Tabitha A. Doescher
Phyllis A. Fernandez

Publication Date

1-1-1993

DOI

10.17848/9781441635976

Abstract

Employers often create a conflict between job mobility and retirement security when they deny future pension benefits to workers who quit a job before reaching retirement age. Unfortunately, this deterrent to job-changing inhibits the labor market's ability to adjust. It also means workers may be unprepared financially upon retirement. Turner describes why pension losses are such a significant problem and presents empirical evidence as to the number of workers affected and the amount of losses they incur. He also probes pension portability policy options and looks at portability options in effect in Canada, Japan, the Netherlands, and the United Kingdom.

Files

Contents

1. Job Mobility and Pension Portability
2. The Changing U.S. Labor Market
3. Characteristics of Job Changers
4. Retirement Benefit Loss
5. Preretirement Use of Retirement Benefits
6. Pensions and Layoffs
7. Pension Portability in the United States
8. Pension Reform Debate
9. Policy Options for Pension Portability
10. Portability Economics
11. Layoffs and Portability Issues
12. An International Perspective on Pension Portability
13. Conclusions

ISBN

9780880991346 (cloth) ; 9780880991339 (pbk.) ; 9781441635976 (ebook)

Subject Areas

LABOR MARKET ISSUES; Job security and unemployment dynamics; Retirement and pensions