How much do teachers value compensation that is deferred until retirement? This question is important because the vast majority of public school teachers are covered by defined benefit (DB) pension plans that "backload" a large share of compensation to retirement relative to the compensation structure in the private sector. There is…

Most U.S. public school teachers participate in defined benefit retirement plans, which base benefits on years of service and their last few years of salary. These plans are often backloaded and include sharp economic incentives. We consider the implications of transitioning to a cost-equivalent defined benefit plan under which teachers would earn…

New teachers are facing lower pay and less generous retirement benefits than the prior generation, yet their financial and retirement knowledge, concerns, and preferences have received little attention. To investigate these areas, the author developed a 39-item survey instrument and administered it to 314 preservice teachers in undergraduate…

New teachers are facing lower pay and less generous retirement benefits than the prior generation, yet their financial and retirement knowledge, concerns, and preferences have received little attention. To investigate these areas, the author developed a 39-item survey instrument and administered it to 314 preservice teachers in undergraduate…

The transition from a busy work life to a retired state entails a lot of adjustment, planning, and wise decision-making. While there have been numerous studies that elucidate retirement issues across the globe, the need to know about retirement preferences of middle-aged and older teachers remains a blank spot in the literature, hence this…

Recent research demonstrates that personal mortality salience from annuity contemplation generates an avoidance response, reducing interest in purchasing annuities. However, theoretical models of mortality salience also predict an increased desire for investment in the future circumstances of surviving others ("symbolic immortality"),…

The purpose of this study was to identify selected characteristics of current Osher Lifelong Learning Institute (OLLI) members in Florida and then compare the results between Florida and non-Florida institutes. This study was primarily quantitative and employed the Demographic and Behavioral Trends Survey (DBTS) with the addition of four…

This paper examines a natural experiment in which Washington State teachers were offered the opportunity to choose between enrolling in a traditional defined benefit (DB) plan and a hybrid plan with defined benefit and defined contribution (DC) components. We find plan preference is weakly related to estimates of the relative financial benefits of…

How do different forms of education contribute to value preferences? Clearly, informal education through personal experiences that shape one's sense of identity and frame cultural expectations and opportunities (as indexed by culture, gender and age-cohort), non-formal education through religious traditions and formal state-mandated education all…

Active music participation offers a way for older people to sustain wellbeing and health. This article explores the understandings and experiences of a group of older Chinese people who actively participate in singing lessons at the Tangshan Older People University, China. This article uses a phenomenological qualitative research approach that…

The number of lifelong learning institutes (LLIs) is growing across the United States and it is important for educational planners and administrators to know about current demographic and behavioral characteristics of program participants. A 14-question survey was administered via SurveyMonkey to members who use computers in eight Osher Lifelong…

Internet access tools and devices are developing with the prevalence of the Internet, which is considered revolutionary in information and communications technology. Beside the widespread use of the Internet among young people, statistics show that the number of older people that use the Internet is also on the rise. The purpose of the study is to…

This paper studies the pension preferences of Washington State public school teachers by examining two periods of time during which teachers were able to choose between enrolling in a traditional defined benefit plan and a hybrid plan with defined benefit and defined contribution components. Our findings suggest that a large share of teachers are…

This paper will discuss two issues related to Japanese retirees adopting Malaysia as their second home. The first is that of the preferred language choice of the retirees. To collect data for language choice a self-report questionnaire was administered and an interview was conducted. The findings suggest that the majority of the retirees chose…