Retirement ages 

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dp174-flexible-retirement.pdf
... retirement ages in pension schemes both lead to individuals focusing on particular institutionalized retirement ages more than on alternative retire- ment ages. in most pension schemes one or two ages are the ,,standard retirement ages ... of retirement ages will occur at the earliest possible pension age. rust and phelan (1997) regard the retirement ,,spike at the earli- est possible retirement age ...
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Microsoft Word - discussion52
... the pension fund, pension wealth p may not be constant over all retirement ages, and the net increment in retirement wealth pt may not be equal to zero. hence, we ... pension (pp) schemes. these schemes imply actuarial adjustments across different retirement ages and lower early retirement wealth. in the netherlands, early retirement rules are negotiated upon between unions and employer organisations ...
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