Discusses loss in pension benefits for workers who change jobs frequently due to vesting rules, portability requirements, and availability of lump-sum cash distributions. Examines importance of these issues using a hypothetical worker and a model. Also examines effects of changes in public policies. (Author/ABL)

Raising the age of mandatory retirement will retard the rate of promotional prospects only slightly in the economy. Larger delays will occur for top positions. Individual firms may experience greater delays depending on their rate of growth, previous retirement age, and willingness of older workers to remain on the job. (Author)

Supports seniority as a just principle for governing personnel decisions, under fair hiring and valid competence assessment. Argues that seniority reduces likelihood that senior citizens will be second-class citizens in workplace, that seniority rights protect older workers against age discrimination, and that seniority rights protect and increase…

Presents four papers discussing issues in the regulation of employer pensions, trends in pension coverage and benefit receipt, restrictive pension provisions and older workers, and indexing retirement benefits. (JAC)