INCRETI1 reports the amount of retirement income received by respondents during the previous calendar year, from the source identified in SRCRETI1. For example, if the source of payments identified in SRCRETI1 were "company or union pension" (code 1), then INCRETI1 would report the amount of income received from the company or union pension(s) during the previous calendar year. For those persons who reported receiving retirement income from a second source in SRCRETI2, INCRETI2 similarly reports the amount of retirement income received from that second source during the previous calendar year.
If researchers account for the effects of inflation using Consumer Price Index adjustment factors (see INCTOT), INCRETI1 and INCRETI2 are both largely comparable over time. Reported amounts may be more accurate for 1995 and beyond, however, since respondents could report income amounts in terms of weekly, bi-weekly, twice monthly, monthly, or yearly payments beginning in that year; for 1994 and earlier, income information was collected in terms of yearly amounts only.
Researchers interested in the total amount of retirement income received, rather than the amount received from specific sources, should use INCRETIR. Because INCRETIR reports the value of retirement income from all sources, the amount reported in that variable may be greater than the sum of INCRETI1 and INCRETI2.
- Persons age 15+ who reported a first source of retirement income.
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