State Pension Age Review PDF Download

Author:
Publisher:
ISBN: 9781474143882
Category :
Languages : en
Pages :

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Author: OECD
Publisher: OECD Publishing
ISBN: 9264876103
Category :
Languages : en
Pages : 224

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The 2019 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, two special chapters focus on non-standard work and pensions in OECD countries, take stock of different approaches to organising pensions for non-standard workers in the OECD, discuss why non-standard work raises pension issues and suggest how pension settings could be improved.

Author: Courtney C. Coile
Publisher: University of Chicago Press
ISBN: 022661929X
Category : Business & Economics
Languages : en
Pages : 347

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In developed countries, men’s labor force participation at older ages has increased in recent years, reversing a decades-long pattern of decline. Participation rates for older women have also been rising. What explains these patterns, and the differences in them across countries? The answers to these questions are pivotal as countries face fiscal and retirement security challenges posed by longer life-spans. This eighth phase of the International Social Security project, which compares the social security and retirement experiences of twelve developed countries, documents trends in participation and employment and explores reasons for the rising participation rates of older workers. The chapters use a common template for analysis, which facilitates comparison of results across countries. Using within-country natural experiments and cross-country comparisons, the researchers study the impact of improving health and education, changes in the occupation mix, the retirement incentives of social security programs, and the emergence of women in the workplace, on labor markets. The findings suggest that social security reforms and other factors such as the movement of women into the labor force have played an important role in labor force participation trends.

Author: Great Britain: Department for Work and Pensions
Publisher: The Stationery Office
ISBN: 9780101805322
Category : Social Science
Languages : en
Pages : 60

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In this document the Government is looking at options for delivering a simpler and fairer state pension which rewards those who save for their retirement and is sustainable for future generations. The consultation is on two broad options for reform of the state pension, and the most appropriate mechanism for determining future changes to state pension age. The four guiding principles for pension reform are: personal responsibility; fairness; simplicity; affordability and sustainability. The options for reform of the state pension are: (1) faster flat rate or (2) a single tier pension. Currently the basic state pension is a flat-rate payment of £97.65 a week and the state second pension is partly flat rate and partly linked to earnings, such that higher earners receive a higher state pension. Option 1 would accelerate reforms so that the state second pension becomes fully flat rate by 2020 instead of the early 2030s. At the end of the transition those with a full contribution record - about 30 years - would receive the full pension, in two tiers, currently estimated at about £140 a week. Option 2 is a more radical approach, combining the two existing pensions into one single-tier pension. Future pensioners with at least 30 qualifying years would receive the same flat-rate pension currently estimated at £140 a week. This payment would be set above the basic level of support provided by Pension Credit. There are also two options for changing state pension age: through a formula linked to life expectancy; through a regular review.

Author: National Research Council
Publisher: National Academies Press
ISBN: 0309180090
Category : Social Science
Languages : en
Pages : 368

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In sub-Saharan Africa, older people make up a relatively small fraction of the total population and are supported primarily by family and other kinship networks. They have traditionally been viewed as repositories of information and wisdom, and are critical pillars of the community but as the HIV/AIDS pandemic destroys family systems, the elderly increasingly have to deal with the loss of their own support while absorbing the additional responsibilities of caring for their orphaned grandchildren. Aging in Sub-Saharan Africa explores ways to promote U.S. research interests and to augment the sub-Saharan governments' capacity to address the many challenges posed by population aging. Five major themes are explored in the book such as the need for a basic definition of "older person," the need for national governments to invest more in basic research and the coordination of data collection across countries, and the need for improved dialogue between local researchers and policy makers. This book makes three major recommendations: 1) the development of a research agenda 2) enhancing research opportunity and implementation and 3) the translation of research findings.

Author: Great Britain: Department for Work and Pensions
Publisher: The Stationery Office
ISBN: 9780101813129
Category : Political Science
Languages : en
Pages : 56

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The consultation documents published as Cm. 8053 (ISBN 9780101813129)

Author: National Research Council
Publisher: National Academies Press
ISBN: 0309254094
Category : Social Science
Languages : en
Pages : 486

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The population of Asia is growing both larger and older. Demographically the most important continent on the world, Asia's population, currently estimated to be 4.2 billion, is expected to increase to about 5.9 billion by 2050. Rapid declines in fertility, together with rising life expectancy, are altering the age structure of the population so that in 2050, for the first time in history, there will be roughly as many people in Asia over the age of 65 as under the age of 15. It is against this backdrop that the Division of Behavioral and Social Research at the U.S. National Institute on Aging (NIA) asked the National Research Council (NRC), through the Committee on Population, to undertake a project on advancing behavioral and social research on aging in Asia. Aging in Asia: Findings from New and Emerging Data Initiatives is a peer-reviewed collection of papers from China, India, Indonesia, Japan, and Thailand that were presented at two conferences organized in conjunction with the Chinese Academy of Sciences, Indian National Science Academy, Indonesian Academy of Sciences, and Science Council of Japan; the first conference was hosted by the Chinese Academy of Social Sciences in Beijing, and the second conference was hosted by the Indian National Science Academy in New Delhi. The papers in the volume highlight the contributions from new and emerging data initiatives in the region and cover subject areas such as economic growth, labor markets, and consumption; family roles and responsibilities; and labor markets and consumption.

Author: Katherine S. Newman
Publisher: Metropolitan Books
ISBN: 1250119464
Category : Social Science
Languages : en
Pages : 336

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A sharp examination of the looming financial catastrophe of retirement in America. As millions of Baby Boomers reach their golden years, the state of retirement in America is little short of a disaster. Nearly half the households with people aged 55 and older have no retirement savings at all. The real estate crash wiped out much of the home equity that millions were counting on to support their retirement. And the typical Social Security check covers less than 40% of pre-retirement wages—a number projected to drop to under 28% within two decades. Old-age poverty, a problem we thought was solved by the New Deal, is poised for a resurgence. With dramatic statistics and vivid portraits, acclaimed sociologist Katherine S. Newman shows that the American retirement crisis touches us all, cutting across class lines and generational divides. White-collar managers have seen retirement benefits vanish; Teamsters have had their pensions cut in half; bankrupt cities like Detroit have walked away from their commitments to municipal workers. And for Generation X, the prospects are even worse: a fifth of them expect to never be able to retire. Only the vaunted “one percent” can face retirement without fear. Other countries are confronting similar demographic challenges, yet they have not abandoned their social contract with seniors. Downhill From Here makes it clear that America, too, can—and must—do better.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264313737
Category :
Languages : en
Pages : 166

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This review builds on the OECD’s best practices in pension design and provides policy recommendations on how to improve the Portuguese pension system, detailing the Portuguese pension system and its strengths and weaknesses based on cross-country comparisons. The Portuguese pension system ...

Author: Great Britain: Department for Work and Pensions
Publisher: The Stationery Office
ISBN: 9780101795623
Category : Social Science
Languages : en
Pages : 82

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This paper outlines the Government's new plans for the timing of the increase in state pension age to 66. The Pensions Act 2007 legislated for the state pension age to increase for both men and women to 66 by 2026, to 67 by 2036, and to 68 by 2046. But subsequent gains in average life expectancy have outpaced the projections on which that timetable was based. Official projections for life expectancy for those reaching 65 in 2026 have increased by 1.5 years for men and 1.6 years for women. The cost implications for maintaining the state pension are serious. The increased life expectancy means that, just for those reaching state pension age this year, the costs would increase by £6.5 billion over the lifetime of that cohort. Women's state pension age is currently rising from 60 to be equalised with men's at 65 by 2020. To enable an increase to 66, this timetable will be adjusted so that equalisation is reached in November 2018. The increase to 66 will then occur between December 2018 and April 2020 for both men and women. The increase will be phased in at a rate of three months' increase in state pension age every four months. This means that 4.9 million people will have their state pension age revised, of which 4.4 million will have an increase of a year or less. It will result in £30.4 billion of savings between 2016/17 and 2025/26, which would otherwise have to be met by the working-age population.