ERIC Number: ED057167
Record Type: RIE
Publication Date: 1969-Jun
Reference Count: 0
Pensions and Severance Pay for Displaced Defense Workers.
Folk, Hugh; Hartman, Paul
The study investigates the adequacy of pension plans and severance pay for defense workers in the event of defense cutbacks. Pension plans were examined on the basis of a sample of firms in the defense and nondefense sectors, matched by size and industry. The study finds that benefit provisions of defense industry plans are similar to those in nondefense industry, but that the financial characteristics and experience differ significantly. This is because the defense firms employ the same funding methods and actuarial assumptions, not taking account of differences in employment history and prospects. The study finds that, overall, the pension plans and severance pay for defense workers are not well-suited to provide adjustment benefits to displaced defense workers. (Author/BC)
Descriptors: Fringe Benefits, Job Layoff, Retirement Benefits, Tenure, Unemployment, Workers Compensation
Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402 (AC-1.2:T38, $1.50)
Publication Type: N/A
Education Level: N/A
Sponsor: Arms Control and Disarmament Agency, Washington, DC.
Authoring Institution: Illinois Univ., Champaign. Inst. of Labor and Industrial Relations.
Identifiers: Defense Workers; Severance Pay