The Single-tier Pension

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Author :
Publisher : The Stationery Office
ISBN 13 : 9780101852821
Total Pages : 110 pages
Book Rating : 4.8/5 (528 download)

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Book Synopsis The Single-tier Pension by : Great Britain: Department for Work and Pensions

Download or read book The Single-tier Pension written by Great Britain: Department for Work and Pensions and published by The Stationery Office. This book was released on 2013-01-14 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines the Government's detailed proposition for state pension reform. It follows a consultation on the proposals set out in "A state pension of the 21st century" (2011, Cm. 8053, ISBN 9780101805322). There was consensus that the state pension system needed to be simplified and the aim is to merge the state second pension with the basic state pension, to create one flat-rate payment. The new flat-rate state pension will start in April 2017 at the earliest. The weekly payment will be £144, plus inflation rises between now and 2017. Chapters in this paper cover: the context for reform; the single-tier pension; managing the end of contracting-out; the transition to the single-tier pension; sustainability and assumptions; longer-term sustainability - state pension age. Annexes provide: a brief history of the state pension; faster flat rating - assessment against principles for reform; features of the single-tier pension and specific transitional arrangements; an example pension statement; proposed timetable for implementing the increase in state pension age to 67.

A Single-tier Pension

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Publisher :
ISBN 13 :
Total Pages : 3 pages
Book Rating : 4.:/5 (16 download)

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Book Synopsis A Single-tier Pension by : Rowena Crawford

Download or read book A Single-tier Pension written by Rowena Crawford and published by . This book was released on 2014 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Single-tier Pension

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (127 download)

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Book Synopsis A Single-tier Pension by :

Download or read book A Single-tier Pension written by and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of the Government’s Single-tier State Pension Reform

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (15 download)

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Book Synopsis The Impact of the Government’s Single-tier State Pension Reform by :

Download or read book The Impact of the Government’s Single-tier State Pension Reform written by and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

A state pension for the 21st century

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Author :
Publisher : The Stationery Office
ISBN 13 : 9780101805322
Total Pages : 60 pages
Book Rating : 4.8/5 (53 download)

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Book Synopsis A state pension for the 21st century by : Great Britain: Department for Work and Pensions

Download or read book A state pension for the 21st century written by Great Britain: Department for Work and Pensions and published by The Stationery Office. This book was released on 2011-04-04 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Single-tier State Pension

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Author :
Publisher : The Stationery Office
ISBN 13 : 9780215055552
Total Pages : 168 pages
Book Rating : 4.0/5 (555 download)

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Book Synopsis The Single-tier State Pension by : Great Britain: Parliament: House of Commons: Work and Pensions Committee

Download or read book The Single-tier State Pension written by Great Britain: Parliament: House of Commons: Work and Pensions Committee and published by The Stationery Office. This book was released on 2013-04-04 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report welcomes the improvements in retirement income that the new Single-tier State Pension will bring. However, the key to the policy's successful implementation lies in the Government informing the public as soon as possible about how it will affect individuals. The Committee criticises the Government for hampering its scrutiny of the proposals. The Government not only imposed an extremely tight timetable, but brought forward the implementation date by a year, after the Committee had completed taking evidence. The Committee says that the Government must work with them to ensure the transition is as smooth as possible and that Defined Benefit pension schemes do not suffer as a result. The Government should also develop and publish a clear explanation of how means-tested support, including passported benefits, will operate under the Single-tier Pension, and the transitional protection that will be put in place. Many women born between 1952 and 1953 believed that they would suffer a double adverse effect on their State Pension income, arising from the increases in their State Pension Age combined with their ineligibility for the Single-tier Pension, if it was introduced in 2017 as set out in the White Paper. The Government should clarify the position. Some women did not build up their own NI record because they had an expectation that they would be able to rely on their husband's contributions to give them entitlement to a Basic State Pension. The Government should assess and publish the cost of allowing women in this position who are within 15 years of State Pension Age to retain this right

Draft Pensions Bill

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Author :
Publisher : The Stationery Office
ISBN 13 : 9780101852920
Total Pages : 118 pages
Book Rating : 4.8/5 (529 download)

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Book Synopsis Draft Pensions Bill by : Great Britain: Department for Work and Pensions

Download or read book Draft Pensions Bill written by Great Britain: Department for Work and Pensions and published by The Stationery Office. This book was released on 2013-01-18 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This draft Pensions Bill contains provisions to introduce a single-tier pension which will for future pensioners replace the current two component State Pension (basic State Pension and additional State Pension) with a single component flat-rate pension that is set above the basic level of means tested support. Previously the Government set out details of its proposals in Cm. 8528 the single-tier pension: a simple foundation for saving (ISBN 9780101852821) and Cm. 8053 A state pension of the 21st century (ISBN 9780101805322). These reforms will also modernise the state pension system to reflect the lives and contributions of today's working age people whilst ensuring the system is sustainable for future generations. As life expectancy continues to rise the Government believes there is a need for a more structured framework within which to consider changes to the State Pension age in the future which this draft legislation includes. The draft Bill also includes measures to reform the current suite of Bereavement Benefits through the introduction of Bereavement Support Payment which will support people through the difficult early months in a more transparent way. The draft Bill contains a number of provisions relating to private pensions mostly to clarify existing legislation relating to automatic enrolment or the Pensions Regulator. There is a new provision to encourage individuals to transfer a cash equivalent value of their accrued rights from a Defined Benefit scheme to an alternative arrangement. There are explanatory notes included which provide an outline of the effect of each clause in the draft Bill and are intended to be read alongside the draft Bill.

Pension Reform

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Publisher : The Stationery Office
ISBN 13 : 021503001X
Total Pages : 459 pages
Book Rating : 4.2/5 (15 download)

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Book Synopsis Pension Reform by : Great Britain: Parliament: House of Commons: Work and Pensions Committee

Download or read book Pension Reform written by Great Britain: Parliament: House of Commons: Work and Pensions Committee and published by The Stationery Office. This book was released on 2006-07-22 with total page 459 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension Reform : Fourth report of session 2005-06, Vol. 2: Oral and written Evidence

A state pension for the 21st century' consultation document

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Publisher : The Stationery Office
ISBN 13 : 9780101813129
Total Pages : 56 pages
Book Rating : 4.8/5 (131 download)

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Book Synopsis A state pension for the 21st century' consultation document by : Great Britain: Department for Work and Pensions

Download or read book A state pension for the 21st century' consultation document written by Great Britain: Department for Work and Pensions and published by The Stationery Office. This book was released on 2011-07-27 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The consultation documents published as Cm. 8053 (ISBN 9780101813129)

Governance and Best Practice in Workplace Pension Provision

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Author :
Publisher : The Stationery Office
ISBN 13 : 9780215054128
Total Pages : 256 pages
Book Rating : 4.0/5 (541 download)

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Book Synopsis Governance and Best Practice in Workplace Pension Provision by : Great Britain: Parliament: House of Commons: Work and Pensions Committee

Download or read book Governance and Best Practice in Workplace Pension Provision written by Great Britain: Parliament: House of Commons: Work and Pensions Committee and published by The Stationery Office. This book was released on 2013-02-12 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Social Security Programs and Retirement around the World

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Author :
Publisher : University of Chicago Press
ISBN 13 : 022667424X
Total Pages : 481 pages
Book Rating : 4.2/5 (266 download)

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Book Synopsis Social Security Programs and Retirement around the World by : Axel Börsch-Supan

Download or read book Social Security Programs and Retirement around the World written by Axel Börsch-Supan and published by University of Chicago Press. This book was released on 2021-03-05 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ninth phase of the International Social Security project, which studies the experiences of twelve developed countries, examines the effects of public pension reform on employment at older ages. In the past two decades, men’s labor force participation at older ages has increased, reversing a long-term pattern of decline; participation rates for older women have increased dramatically as well. While better health, more education, and changes in labor-supply behavior of married couples may have affected this trend, these factors alone cannot explain the magnitude of the employment increase or its large variation across countries. The studies in this volume explore how financial incentives to work at older ages have evolved as a result of public pension reforms since 1980 and how these changes have affected retirement behavior. Utilizing a common template to analyze the developments across countries, the findings suggest that social security reforms have strengthened the financial returns to working at older ages and that these enhanced financial incentives have contributed to the rise in late-life employment.

Assessing Chile's Pension System: Challenges and Reform Options

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Author :
Publisher : International Monetary Fund
ISBN 13 : 151359611X
Total Pages : 52 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Assessing Chile's Pension System: Challenges and Reform Options by : Samuel Pienknagura

Download or read book Assessing Chile's Pension System: Challenges and Reform Options written by Samuel Pienknagura and published by International Monetary Fund. This book was released on 2021-09-10 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Social Security Bulletin

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Publisher :
ISBN 13 :
Total Pages : 492 pages
Book Rating : 4.3/5 (243 download)

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Book Synopsis Social Security Bulletin by :

Download or read book Social Security Bulletin written by and published by . This book was released on 1999 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Why We Need a Citizen’s Basic Income

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Publisher : Policy Press
ISBN 13 : 1447343166
Total Pages : 303 pages
Book Rating : 4.4/5 (473 download)

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Book Synopsis Why We Need a Citizen’s Basic Income by : Malcolm Torry

Download or read book Why We Need a Citizen’s Basic Income written by Malcolm Torry and published by Policy Press. This book was released on 2018-05-09 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the five years since Money for Everyone was published the idea of a Citizen’s Basic Income has rocketed in interest to an idea whose time has come. In moving the debate on from the desirability of a basic income this fully updated and revised edition now includes comprehensive discussions on feasibility and implementation. Using the consultation undertaken by the Institute of Chartered Accountants in England and Wales as a basis, Torry examines a number of implementation methods for Citizen’s Basic Income and considers the cost implications. Including real-life examples from the UK, and data from case studies and pilots in Alaska, Namibia, India, Iran and elsewhere, this is the essential research-based introduction to the Citizen’s Basic Income.

Social Policy

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Author :
Publisher : Routledge
ISBN 13 : 1317818962
Total Pages : 651 pages
Book Rating : 4.3/5 (178 download)

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Book Synopsis Social Policy by : Hugh Bochel

Download or read book Social Policy written by Hugh Bochel and published by Routledge. This book was released on 2014-03-26 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thoroughly updated new edition provides a comprehensive introduction to contemporary social policy, and addresses its historical, theoretical and contextual foundations. Divided into four sections, it opens with a survey of the socio-economic, political and governmental contexts within which social policy operates, before moving on to look at the historical development of the subject. The third section examines contemporary aspects of providing welfare, whilst the final part covers European and wider international developments. The text explores the major topics and areas in contemporary social policy, including: work and welfare education adult health and social care children and families crime and criminal justice health housing race disability Issues are addressed throughout in a lively and accessible style, and examples are richly illustrated to encourage the student to engage with theory and content, and to help highlight the relevance of social policy in our understanding of modern society. It is packed with features including, ‘Spotlight’ ‘Discussion and review’ and ‘Controversy and debate’ boxes, as well as further readings and recommended websites. A comprehensive glossary also provides explanations of key terms and abbreviations. Social Policy is an essential textbook for undergraduate students taking courses in social policy and related courses such as criminology, health studies, politics, sociology, nursing, youth and social work.

Parliamentary Debates (Hansard).

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Publisher :
ISBN 13 :
Total Pages : 848 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Parliamentary Debates (Hansard). by : Great Britain. Parliament. House of Commons

Download or read book Parliamentary Debates (Hansard). written by Great Britain. Parliament. House of Commons and published by . This book was released on 2013 with total page 848 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pensions at a Glance 2009 Retirement-Income Systems in OECD Countries

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264063455
Total Pages : 283 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Pensions at a Glance 2009 Retirement-Income Systems in OECD Countries by : OECD

Download or read book Pensions at a Glance 2009 Retirement-Income Systems in OECD Countries written by OECD and published by OECD Publishing. This book was released on 2009-10-15 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: This third edition of Pensions at a Glance updates in-depth information on the key features of mandatory pension systems—both public and private—in the 30 OECD countries, including projections of retirement income for today’s workers.