A case study of Missouri's deferred retirement incentive for state employees.
Delayed retirement incentives can promote employee retention. Survey data results (N = 261) were used to explore factors associated with retirement and participation in Missouri's Deferred Retirement Option Provision (BackDROP), using a social stratification framework. Logistic regression analyses found that older age for full-retirement benefit eligibility increased the odds of delayed retirement, as did working more years for the state of Missouri. Longer length of work for Missouri increased the likelihood of being aware of one's eligibility for BackDROP and of taking the BackDROP option, while working for pay in a non-state position decreased the odds of awareness and selection. Those who retired to do other things (rather than for health reasons or disliking the work) were also more likely to be knowledgeable of their BackDROP eligibility status. Race, sex, education, and marital status were not significant predictors. These findings inform design and implementation of delayed retirement policies in other states.
a School of Social Work , University of Missouri , Columbia , Missouri , USA.
Angela L
AL
Curl
Kirsten
K
Havig
D000328:Adult; D000368:Aged; D003625:Data Collection; D004651:Employment / Q000191:economics / Q000331:legislation & jurisprudence* / Q000706:statistics & numerical data; D005260:Female; D006801:Humans; D008297:Male; D008875:Middle Aged; D008923:Missouri; D009042:Motivation; D010415:Pensions / Q000706:statistics & numerical data; D017150:Public Sector / Q000706:statistics & numerical data; D012179:Retirement / Q000191:economics / Q000706:statistics & numerical data
BackDROP; delayed retirement; public sector; workforce shortage