Measuring defined benefit plan replacement rates with PenSync (ABSTRACT), Monthly Labor Review Online, November 2004

Measuring defined benefit plan replacement rates with PenSync

James H. Moore, Jr.
Economist, Office of Research, Evaluation, and Statistics, Division of Policy Evaluation, Social Security Administration, Washington, DC.

A synthetic pension data set created with regression and statistical matching procedures utilizes IRS data to evaluate the effectiveness of a defined benefit pension plan in meeting the income needs of retirees; the findings suggest that variations in replacement rates stem from differences in benefit formulas, earnings, years in the plan, and employment characteristics.

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