Key Findings Details
Post-Retirement Adjustments in Defined Benefit Pensions
- While annual inflation rates have been relatively low since 1992, those receiving fixed monthly pensions would have experienced a one-third reduction in the value of their pension benefits over this period.
- Annual increases in pension benefits reported by HRS respondents between 1994 and 2008 amount to about one-third of the increase in the Consumer Price Index.
- The increases are concentrated among respondents who report that their benefits are adjusted for inflation.
- They are larger for workers in public administration than in other industries.