Centre for Policy on Ageing



How well-informed are pension scheme members on their future pension benefits? — evidence from Ireland
Author(s)	Alan Barrett, Irene Mosca, Brendan Whelan
Journal title	Journal of Aging and Social Policy, vol 27, no 4, October-December 2015
Publisher	Taylor and Francis, October-December 2015
Pages	pp 295-313
Source	http://www.tandfonline.com
Keywords	Retirement pensions ; Attitudes to retirement ; Social surveys ; Ireland.
Annotation	One part of the policy response in many countries to increasing pension coverage will be greater private provision on the part of individuals. This requires that individuals are well informed about pensions. In this article, the authors assess levels of knowledge of pensions in a representative sample of older Irish adults. They find that two-thirds of individuals enrolled in pension schemes do not know what amount will be paid out on retirement, and/or whether the payments will be in the form of lump sums, monthly payments, or both. One policy implication is the need for increased information to be directed at certain groups, in particular, women and less educated people. More fundamentally, the results suggest that the mandatory elements in pension systems should be extended. (RH).
Accession Number	CPA-151106204 A
Classmark	JJA: G7:DP: 3F: 763
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...from the Ageinfo database published by Centre for Policy on Ageing.