Revised Implementation Proposals for Workplace Pension Reform PDF Download

Author: Great Britain. Department for Work and Pensions
Publisher:
ISBN: 9781781530528
Category : Defined benefit pension plans
Languages : en
Pages :

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Author:
Publisher:
ISBN: 9789221122548
Category :
Languages : en
Pages : 174

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Author: Mr. Alvar Kangur
Publisher: International Monetary Fund
ISBN: 1513588842
Category : Business & Economics
Languages : en
Pages : 26

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Book Description
The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015–17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms can go a long way towards enhancing the pension system affordability. However, reforms faced setbacks and fell short of creating stronger incentives to build long contribution histories, to deliver sustainable growth by improving the fiscal policy mix, and to ensure fairness and equitable burden sharing across generations and interest groups. Policy priorities should aim towards fully implementing the 2015–17 reforms and complementing them with additional reforms to address these remaining objectives.

Author: Cheolsu Kim
Publisher: Routledge
ISBN: 041552220X
Category : Business & Economics
Languages : en
Pages : 280

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India is ageing. One response of Indian policy makers has been introduction of the New Pension Scheme (NPS), a defined contribution pension scheme which is mandatory for civil servants and voluntary for the rest of the population. Given the size of the target population, even if take-up is modest, NPS savings may soon provide huge amounts of capital to India's economy. However, challenges are abound. What governance structure will best achieve the ultimate policy goal of serving the needs of savers? What business processes and information technology design will serve members best? How effectively will the NPS attack the problem of old-age poverty? In this book, a multi-disciplinary international team, comprising of economists, lawyers, pension management experts, and capital market experts, explore these and other questions. The book proposes significant legal, regulatory, and governance reforms for the NPS and other existing pension schemes, as well. It finds that current NPS business practices cannot keep pace with potential growth of the system and makes suggestions on how to take better advantage of information technology. Based on review of experience elsewhere and state-of-the-art economic-demographic modelling, it warns that the NPS in its current form does not address the retirement income needs of the lifelong very poor, suggesting that it is only one in a range of responses needed to cope with the challenges of population ageing in India.

Author: Mr.Benedict J. Clements
Publisher: International Monetary Fund
ISBN: 147556631X
Category : Business & Economics
Languages : en
Pages : 86

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Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.

Author: Great Britain: Parliament: House of Commons: Work and Pensions Committee
Publisher: The Stationery Office
ISBN: 021503001X
Category : Political Science
Languages : en
Pages : 459

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Pension Reform : Fourth report of session 2005-06, Vol. 2: Oral and written Evidence

Author: Andrew Wood
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 130

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Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Social security
Languages : en
Pages : 1352

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Considers H.R. 5710, to amend the Social Security Act to increase benefits for the aged, expand the class of eligible persons, revise aid to dependent children programs, expand Medicare coverage, revise programs for disabled persons to provide work incentives, expand child welfare provisions, and modify the tax status of the elderly. Along with other supplemental materials, contains HEW Actuarial Study No. 63, "Long-Range Cost Estimates for Old-Age, Survivors, and Disability Insurance System, 1966," Jan. 1967 (p. 131-183), pt.1; Continuation of hearings on H.R. 5710, to amend the Social Security Act to increase benefits under the old-age, survivors, and disability insurance system and to improve the health insurance and public assistance programs, pt.2; Continuation of hearings on H.R. 5710, to amend the Social Security Act to increase benefits, pt. 3-4.

Author:
Publisher:
ISBN:
Category : Delegated legislation
Languages : en
Pages : 570

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Author: Mitchell Alexander Orenstein
Publisher: World Bank Publications
ISBN:
Category : Bank
Languages : en
Pages : 80

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Book Description
During reform's three phases (commitment-building, coalition building, and implementation) there are tradeoffs among inclusiveness (of process), radicalism (of reform), and participation in, and compliance with the new system. Including more and more various veto and proposal actors, early in the deliberative process, may increase buy-in and compliance when pension reform is implemented but at the expense of faster and greater change.