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Planning For Retirement: Using Income Replacement Ratios in Setting Retirement Income Objectives.
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Palmer, Bruce A. – Research Dialogues, 1993
This paper presents a method for higher education faculty and staff to assess pension plan objectives by determining a retirement income replacement ratio to maintain the salary-based preretirement standard of living. The paper describes the RETIRE Project which researches income replacement using the federal government's annual "Consumer…
Descriptors: College Faculty, Family Financial Resources, Financial Needs, Fringe Benefits