Sentences with phrase «simulation of pension benefits»
My analysis is a simulation of pension benefits based on the parameters of Ohio's defined - benefit pension plan for teachers (as described by Costrell and Podgursky) applied to workforce participation histories in the National Longitudinal Survey of Youth (NLSY).
http://educationnext.org/ Not exact matches
My simulation calculates the retirement benefits that would accrue to teachers in the Ohio pension plan whose patterns of employment in the Ohio public schools match those of the NLSY respondents.
The simulation indicates that the average man who retires at 55 will receive a pension benefit worth 23 percent of his lifetime earnings, as compared to 19 percent for the average woman.
The simulation indicates that if women were to receive an additional four percent of lifetime earnings in pension benefits, it would be worth roughly $ 70,000 in 2014 dollars — more than the maximum annual teacher salary in the typical Ohio school district.