Purpose: Retirees in traditional pension plans must generally choose between single life annuities, which provide regular payments until death, and joint and survivor annuities, which pay less each month but continue to make payments to the spouse after the death of the retired worker. This article examines the payout decision and measures the…

The testimony provided in these hearings addresses the most fundamental problem facing older Americans today, i.e., economic security. The report discusses the results of expanding social services and income transfer programs to reduce poverty, and examines ways to increase older adults' economic self-sufficiency through expanded employment…