Supplementary Benefits: Supplementary Pensions for People Over Pension Age PDF Download

Author: Great Britain. Department of Health and Social Security
Publisher:
ISBN:
Category :
Languages : en
Pages : 10

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Author: Great Britain. Department of Health and Social Security
Publisher:
ISBN:
Category :
Languages : en
Pages : 10

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Book Description

Author: Great Britain. Department of Social Security
Publisher:
ISBN:
Category :
Languages : en
Pages : 7

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Author: Great Britain. Ministry of Social Security
Publisher:
ISBN:
Category :
Languages : en
Pages : 6

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Author: Samuel Pienknagura
Publisher: International Monetary Fund
ISBN: 151359611X
Category : Business & Economics
Languages : en
Pages : 52

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Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.

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

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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: George Friedrich Rohrlich
Publisher:
ISBN:
Category : Older people
Languages : en
Pages : 32

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Author: United States. Congress. Senate. Special Committee on Aging
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 1020

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Author: Martin Schnitzer
Publisher:
ISBN:
Category : Basic income
Languages : en
Pages : 96

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Author: Great Britain. Central Office of Information. Reference Division
Publisher:
ISBN:
Category : Social service
Languages : en
Pages : 146

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