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Civil Services and Military Retirement Income

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Author Info

  • Hazel Bateman

    ()
    (Centre for Pensions and Superannuation and ARC Centre of Excellence in Population Ageing Research, Australian School of Business, University of New South Wales)

  • John Piggott

    ()
    (ARC Centre of Excellence in Population Ageing Research, Australian School of Business, University of New South Wales)

Abstract

This paper documents developments in public sector pensions in Australia, and reports estimated unfunded liabilities associated with benefits promised to public sector employees. Australia's experience with public sector pensions is unusual - currently, the defence forces and the judiciary apart, all new entrants to public sector schemes confront defined contribution (DC) plans. The transition from defined benefit (DB) to DC has taken place over the last 20 years.

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File URL: http://www.cepar.edu.au/media/48642/Civil%20Services%20and%20Military%20Retirement%20Income.pdf
File Function: First version, 2011
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Bibliographic Info

Paper provided by ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales in its series Working Papers with number 201109.

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Length: 34 pages
Date of creation: Jul 2011
Date of revision:
Handle: RePEc:asb:wpaper:201109

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Web page: http://www.cepar.edu.au
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Related research

Keywords: Civil service pension; Legacy cost; Superannuation;

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  1. Takayama, Noriyuki, 2011. "Securing Lifelong Retirement Income: Global Annuity Markets and Policy," OUP Catalogue, Oxford University Press, number 9780199594849 edited by Mitchell, Olivia S. & Piggott, John.
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