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Civil Services and Military Retirement Income

Author

Listed:
  • 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.

Suggested Citation

  • Hazel Bateman & John Piggott, 2011. "Civil Services and Military Retirement Income," Working Papers 201109, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales.
    • Handle: RePEc:asb:wpaper:201109
    as

    Download full text from publisher

    File URL: http://www.cepar.edu.au/media/48642/Civil%20Services%20and%20Military%20Retirement%20Income.pdf
    File Function: First version, 2011
    Download Restriction: no
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    References listed on IDEAS

    as
    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, Decembrie.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Mitchell, O.S. & Piggott, J., 2016. "Workplace-Linked Pensions for an Aging Demographic," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 865-904, Elsevier.

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    More about this item

    Keywords

    Civil service pension; Legacy cost; Superannuation;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

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