Civil Services and Military Retirement Income
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.
|Date of creation:||Jul 2011|
|Date of revision:|
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- 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, May.
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