The retention effects of high years of service cliff-vesting pension plans

C-Tier
Journal: Economics Letters
Year: 2015
Volume: 126
Issue: C
Pages: 6-9

Authors (3)

Cunha, Jesse M. (Naval Postgraduate School) Menichini, Amilcar A. (not in RePEc) Crockett, Adam (not in RePEc)

Score contribution per author:

0.336 = (α=2.02 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study the retention effects of the Australian military’s decision to remove a 20-year cliff-vesting requirement from their retirement system in 1991. We follow to the present individuals who self-selected into and out of the 20-year cliff-vesting plan, as well as those who were forced out of the plan. Eliminating the high years of service cliff-vesting provision leads to consistently higher attrition over time.

Technical Details

RePEc Handle
repec:eee:ecolet:v:126:y:2015:i:c:p:6-9
Journal Field
General
Author Count
3
Added to Database
2026-01-25