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GOTPVTRP
Received private retirement pension

Codes

This variable is not available for any of the currently selected samples.

Description

GOTPVTRP indicates whether respondents received income from private retirement pensions and other sources of private retirement income (from employer or union pensions, paid-up insurance policies and annuities, and/or IRA and KEOGH accounts) during the previous calendar year.

For 1976-1987, the amount of money from these sources of private retirement income was combined with various types of retirement income other than Social Security and Railroad Retirement (including federal government employee pensions, U.S. military retirement, and state or local government employee pensions) in the INCRETIR variable. If respondents did not receive income from a federal government employee pension, a state or local government employee retirement pension, or a military retirement pension during the previous calendar year (i.e., if they have a code of 1 in GOTFEDRP, GOTSTLRP), and GOTMILRP), and they did receive private retirement income during the previous calendar year (i.e., they have a code of 2 in GOTPVTRP), then the dollar amount in INCRETIR for 1976-1987 should indicate the amount of income specifically from private retirement income (including pensions from private employers or unions, regular payments from paid-up insurance policies and annuities, and/or income from IRA and KEOGH accounts). If individuals received private retirement income in conjunction with income from one or more of the other sources (federal, state, or local government employee pensions and/or military retirement pensions), then the amount of money specifically from private retirement income cannot be identified. Even in this case, however, researchers can use GOTPVTRP to analyze the characteristics of the recipients of private retirement income.

Comparability

For 1976-1979, interviewers simply asked if the respondent had received any money from private pensions or annuities. Beginning in 1980, interviewers first asked if the respondent received any pension or retirement income from a previous employer or union, or any other type of retirement income (other than Social Security), and then collected information on the source of such income (including company or union pensions, including profit sharing, regular payments from annuities and paid-up insurance policies, and regular payments from IRA or KEOGH accounts). The greater specificity of the information collected beginning in 1980 may result in more complete reporting for 1980-1987 than for 1976-1979.

For 1988-2004, respondents could specify up to two sources of retirement income, in SRCRETI1 (First source of retirement income) and SRCRETI2 (Second source of retirement income).
Persons with a code of 1 (recipients of private company or union pensions), a code of 6 (recipients of regular payments from annuities or "paid-up" insurance policies), and/or a code of 7 (recipients of regular payments from IRA, KEOGH, or 401K accounts) in either SRCRETI1 or SRCRETI2 for 1988-2004 are roughly comparable to persons who answered "yes" (code 2) in GOTPVTRP for 1976-1987.

The public use data files for 1969-1975 contain the GOTPVTRP pension variable, but the results are not reliable. Many people coded as yes in this variable do not have income amounts recorded in INCALOTH, which included income from private pensions and other sources of private retirement income during these years.

Universe

  • 1976-1979: Persons age 14+.
  • 1980-1987: Persons age 15+.

Availability

Years Jan Feb ASEC Apr May Jun Jul Aug Sep Oct Nov Dec
1976 – 1987 - - X - - - - - - - - -

Flags

This variable has no flags.