Janemarie Mulvey and Steven Nyce. Excerpt: As the aging baby boom generation approaches retirement, employers are confronting an ever tightening labor market. Defined benefit pensions have long been important source of retirement income, and many employers would like to continue offering this valuable benefit to their employees. Yet many of these plans provide strong incentives to retire early, which may not be consistent with workplace needs. [WP2004-13]  MORE >>