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Civil Services and Military Retirement Income

Hazel Bateman () and John Piggott ()
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Hazel Bateman: Centre for Pensions and Superannuation and ARC Centre of Excellence in Population Ageing Research, Australian School of Business, University of New South Wales

No 201109, Working Papers from ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales

Abstract: This paper documents developments in public sector pensions in Australia, and reports estimated unfunded liabilities associated with benefits promised to public sector employees. Australia's experience with public sector pensions is unusual - currently, the defence forces and the judiciary apart, all new entrants to public sector schemes confront defined contribution (DC) plans. The transition from defined benefit (DB) to DC has taken place over the last 20 years.

Keywords: Civil service pension; Legacy cost; Superannuation (search for similar items in EconPapers)
JEL-codes: D91 G23 H55 H72 (search for similar items in EconPapers)
Date: 2011-07
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http://www.cepar.edu.au/media/48642/Civil%20Servic ... irement%20Income.pdf First version, 2011 (application/pdf)
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