Description: Chapter 8 of the Models for Retirement Policy Analysis. This chapter describes MINT, or Modeling Income in the Near Term, which is one of three retirement income and social security models now being developed in the Office of Research, Evaluation, and Statistics of the Social Security Administration. The accessibility, ease of use, cost as well as the strengths and limitations of the approach are addressed.

Description: Discusses interaction of phased retirement options and public policy, barriers and challenges, and provides a number of suggestions for improving public policy.

Description: This article illustrates how today’s retirement system tools have potential to achieve financially secure retirement and lists options for system improvement.

Description: This paper develops a set of retirement decision propositions, which hypothesize that the heuristic of Anchoring and the resulting cognitive biases described by Prospect Theory will influence the chosen retirement age. .

Description: This article discusses the challenges to today's retirement system. As part of the recent Re-envisioning Work and Retirement in the 21st Century symposium, held in Washington, D.C., attendees completed a Delphi survey covering challenges to today's retirement system. This article discusses the benefits of a Delphi survey and the results of this particular one. From Pension Section News, September 2006, No. 62.

Description: Top down approach to retirement results in wasting the human capital of retirees. We should concentrate, instead on allowing our clients to use their human capital to the fullest extent possible, and structure retirement products around that premise.

Description: Current DC plans do an extremely poor job at managing investment and longevity risk for plan participants. This leads to suboptimal outcomes: retirement income is potentially too low, assets are subject to catastrophic losses and may even run out. Insurance solutions—most notably annuities—address some of these issues, but are expensive and not very much liked by consumers. This paper explores how Enhanced Risk Sharing Savings Accounts (“ERiSSA”), consisting of a combination of individual DC accounts with a collective risk sharing and return redistribution mechanism coupled with deferred annuities, might be able to strike a better overall balance for consumers.

Description: Responding to Sandy Mackenzie's "Report", these comments primarily suggest additional disclosures for assessing public pension plan financial heath.

Description: Hear from the staff fellow on themes in the May Retirement Section News published by the Retirement Section.

Description: An interview providing two retirement actuaries’ perspectives on a report that analyzes many different studies on retirement adequacy.