The Psychology of Defined-Benefit Pensions: When Do They Affect Employee Behavior?

Santora, Joseph C.; Esposito, Mark
May 2010
Academy of Management Perspectives;May2010, Vol. 24 Issue 2, p85
Academic Journal
The article reports on a study which investigated employee perceptions of defined benefit pension plans. The research, conducted by Andrew A. Luchak of the University of Alberta and Dionne M. Pohler of the University of Saskatchewan, was published in the journal "Industrial Relations" under the title "Pensions as psychological contracts: Implications for work outcomes." It found that employees who regarded the pensions as a type of control viewed them negatively, while those who saw them as a sign of loyalty expressed more positive reactions.


Related Articles

  • EBRI exec sees silver lining where others see dark clouds. Geisel, Jerry // Business Insurance;5/15/95, Vol. 29 Issue 20, p12 

    Presents the views of Dallas Salisbury, president of Employee Benefit Research Institute, on the retirement income system of the United States. Entitlement of people to pension benefits; Negative impact of declining numbers on employment-sponsored defined benefit pension plans; Factors...

  • Warning of falling contributions over DC switch. Stevenson, Rachel // Money Marketing;2/21/2002, p2 

    Reports on the claim of KPMG that retirement incomes could decrease if contribution levels are not strengthened as companies switch to defined contribution (DC) pension schemes. Contributions of companies running DC schemes; Increase in pension costs of companies with final-salary schemes;...

  • Taking charge of your super. Freeman, Peter // Money (Australia Edition);Oct2002, p24 

    Focuses on the superannuation system of Australia, technically known as the Superannuation Guarantee Charge. Importance of superannuation to accumulating savings according to Barbara Smith, technical director at Taxpayers Australia; Information on a defined benefit scheme; Main attraction of...

  • Relevant options. Jones, Ceri // Employee Benefits;Jun2008, p38 

    The article discusses the significance of default investment funds for defined contribution (DC) pension schemes for employees in Great Britain. These schemes are based on the lifestyles of investing primarily in equities at younger ages and switching members progressively into cash and bonds as...

  • Private Pensions: Timely and Accurate Information Is Needed to Identify and Track Frozen Defined Benefit Plans: GAO-04-200R. Bovbjerg, Barbara D. // GAO Reports;12/17/2003, p1 

    While private-sector pensions help millions of Americans achieve retirement income security, the number of private defined benefit (DB) plans1 has declined substantially over the past two decades. Recently, those concerned with the viability of the private defined benefit pension system point to...

  • Retirement security hinges on DB plans. Strauss, David H. // Employee Benefit News;Jan1999, Vol. 13 Issue 1, p9 

    Reports that the challenge of providing retirement income security for the baby boom generation and others nearing retirement is one of the most compelling domestic challenges facing the United States. Reasons the challenge is compelling; Findings of an Employee Benefit Research Institute...

  • Will cash balance plans survive? Salisbury, Dallas L. // Employee Benefit News;4/15/2004, Vol. 18 Issue 5, p48 

    Provides information on defined benefit plans for U.S. employees. Controversy over the conversion from the traditional final pay defined benefit plan to an individual account cash balance plan; Goal of the Coalition to Preserve the Defined Benefit System; Challenges faced regarding substantial...

  • Target practice. White, Jane; Meigs, Rick // Employee Benefit News;May2007, Vol. 21 Issue 6, p52 

    The article discusses several issues concerning the implementation of target-date retirement funds to keep investors on target in the U.S. It describes the situation of employee account balances and defined benefit plans in the country. It offers information on the do-it-for-me target maturity...

  • A Note on Benefit Security. Lindeman, David // Financial Market Trends;Mar2004, Issue 86, p123 

    The article discusses the search for benefit security on the preoccupation of privately defined benefit arrangements. Motivation on job mobility of the random element on the defined benefit bargain; Dependency of the defined benefit plans on the employer's long-term solvency; Greater...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics