Social Security: Unemployment and Immigration

Retirement Annuity and Employment-Based Pension

April 2002, Vol. 23, No. 4
Paperback, 16 pp.
PDF, 160 kb
Employee Benefit Research Institute, 2002

Download Notes PDF pdf

Executive Summary

Social Security: Unemployment and Immigration—A change in the level of net immigration can have a large impact on the funding status of the Social Security program. This article investigates the impact of increases and decreases in the level of net immigration in the United States, since the political climate toward immigration now appears to be unfavorable. It also examines the effect of changes in the unemployment rate on the Social Security program's actuarial balance in light of the recent increase in the unemployment rate relative to the near-record lows in recent years.

Retirement Annuity and Employment-Based Pension—Recent data from the March 2001 Current Population Survey confirm earlier findings that gender, marital status, age, and other demographic variables have a significant impact on the likelihood of a worker receiving a retirement annuity and/or employment-based pension plan payment in retirement. These variables may also affect the amount of pension income received from employment-based retirement plans.