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How To Make European Pensions Adequate And Sustainable
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Book Synopsis How to make European pensions adequate and sustainable? by : Juraj Draxler
Download or read book How to make European pensions adequate and sustainable? written by Juraj Draxler and published by CEPS. This book was released on 2009 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the results of the research project on Adequacy and Sustainability of Old Age Income in the EU (AIM). Examines the differences among EU member States when it comes to saving for retirement. Suggests that while in some countries the working age population is able to sustain their consumption on retirement, in others there ia a significant saving gap.
Book Synopsis Sustainability of Pension Systems in the New EU Member States and Croatia by : Leszek Kasek
Download or read book Sustainability of Pension Systems in the New EU Member States and Croatia written by Leszek Kasek and published by World Bank Publications. This book was released on 2008-02-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study finds that pension reforms in recent years have improved the efficiency and sustainability of pension systems in the new member states of the European Union and Croatia. However, for many countries, these probably have not gone far enough to ensure long-term sustainability, given the aging of the population. Reforms have included changes to Pay-As-You-Go (PAYG) systems, including increases in retirement ages (not at least for women), new benefit formulas, and new indexation mechanism. Some countries (Latvia and Poland) have further strengthened the link of contributions and benefits to the sustainability of the PAYG system through the introduction of national defined contribution accounts. The link is strengthened also by moving to a point system, which has been adopted by many of the countries. Several countries have introduced a second, private, pension pillar, funded through diversion of part of the pension contributions, thereby diversifying risk. However, some countries (in particular the Czech Republic, Slovenia, and Romania) will need to do more to safeguard the long-term viability of their pension systems, while others face challenges to ensure equitable pension systems and adequate living standards for all elderly people.
Book Synopsis Towards sustainable but still adequate pensions in the EU: Theory, trends and simulations by : Jørgen Mortensen
Download or read book Towards sustainable but still adequate pensions in the EU: Theory, trends and simulations written by Jørgen Mortensen and published by CEPS. This book was released on 2009 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Comisión Europea (Bruselas, Bélgica). Dirección General para Mercado Interno y Servicios Publisher : ISBN 13 :9789279163418 Total Pages :33 pages Book Rating :4.1/5 (634 download)
Book Synopsis Towards Adequate, Sustainable and Safe European Pension Systems by : Comisión Europea (Bruselas, Bélgica). Dirección General para Mercado Interno y Servicios
Download or read book Towards Adequate, Sustainable and Safe European Pension Systems written by Comisión Europea (Bruselas, Bélgica). Dirección General para Mercado Interno y Servicios and published by . This book was released on 2010 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Commission's Green Paper "Towards adequate, sustainable and safe European pension systems" invites interested parties to submit their views on future pension provision and how the EU can best support national-level efforts. The Paper reviews the current EU pensions framework and goes on to set out the main challenges to providing adequate, sustainable and safe pensions and the priorities for modernising pension policy in the EU. It also looks at the need to improve both pension data collection and EU-level governance of pension policy. Finally, the Paper provides information on how to contribute to the consultation, as well as a glossary of terms and detailed statistical annex. (EU Bookshop).
Author :Commission of the European Communities Publisher :Commission of European Communities ISBN 13 : Total Pages :172 pages Book Rating :4.3/5 (91 download)
Book Synopsis Adequate and Sustainable Pensions by : Commission of the European Communities
Download or read book Adequate and Sustainable Pensions written by Commission of the European Communities and published by Commission of European Communities. This book was released on 2003 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several European Councils have highlighted the challenge of an ageing population and its complications for the maintenance of pensions. An open method of coordination on pensions is required. The Laeken European Council launched this process on the bases of safeguarding the capacity of systems, maintenance their financial sustainability and meeting social needs.
Book Synopsis Adequate and Sustainable Pensions by : European Commission
Download or read book Adequate and Sustainable Pensions written by European Commission and published by . This book was released on 2003 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Joint Report on Pensions written by and published by . This book was released on 2010 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. An introduction to pensions reform- 2. A decade in pension reform in the EU - 3. The impact of the crisis - 4. Policy challenges over the long-term - 5. Policy implications.
Author :European Commission. Directorate-General for Employment, Social Affairs and Equal Opportunities Publisher : ISBN 13 : Total Pages :32 pages Book Rating :4.:/5 (318 download)
Book Synopsis Private Pension Schemes by : European Commission. Directorate-General for Employment, Social Affairs and Equal Opportunities
Download or read book Private Pension Schemes written by European Commission. Directorate-General for Employment, Social Affairs and Equal Opportunities and published by . This book was released on 2010 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assesses the impact of reforms to pension systems on the twin goals of developing adequate pensions and ensuring the long-term sustainability of pension systems and focuses on the potential risks to full adequacy inherent in pre-funding.
Book Synopsis Green Paper Towards Adequate, Sustainable and Safe European Pension Systems by :
Download or read book Green Paper Towards Adequate, Sustainable and Safe European Pension Systems written by and published by . This book was released on 2010 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Towards Sustainable But Still Adequate Pensions in the EU by : Juraj Draxler
Download or read book Towards Sustainable But Still Adequate Pensions in the EU written by Juraj Draxler and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is a summary of the research project on the 'Adequacy and Sustainability of Old-Age Income Maintenance' (AIM). Thirteen institutes from across the EU have collaborated on the task of assessing the situation of today's pensioners and providing insights into future trends and policy options for securing adequate income for EU pensioners. The AIM project produced several state-of-the-art additions to the debate on EU pension reforms. Among others, the National Institute of Economic and Social Research in the UK calculated cohort spending for a sample of European countries to show how much countries need to save to take care of future pensioners. The team led by the Belgian Federal Planning Bureau developed the first EU, multi-country, dynamic simulation model for pension expenditure called MIDAS. A group of research institutes led by the Netherlands Institute for Social Research provided a current map of the social exclusion of the elderly in the EU. The report starts with a discussion on what pensions we can consider adequate. Indicators of adequacy are proposed. Then, to determine the different pension mechanisms in existence in the EU and the prevalence of various kinds of schemes, the report provides an up-to-date classification of pension systems. This classification section is followed by an analysis of public opinion on pension reforms. While the public is generally in favor of the status quo, certain segments of the population fear and resist changes for diverse reasons. The bulk of the study entails a statistical description of the material situation of the elderly in the EU-15 and the new member states, simulations of assorted policy scenarios and discussions on incentives to retire or stay in the labor force. The broad conclusion of the report is that the pension incomes of future generations are under threat everywhere, mostly owing to demographic developments. Yet policy-makers have a range of reform options at their disposal that, when implemented with careful regard for the political and social context, can ensure adequate incomes of the elderly in the future.
Book Synopsis An Agenda for Adequate, Safe and Sustainable Pensions by : European Commission
Download or read book An Agenda for Adequate, Safe and Sustainable Pensions written by European Commission and published by . This book was released on 2012 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis 'So Pensions in Europe Will Remain Sustainable - But Will They Remain Adequate?' - An Assessment of the Consequences of the AWG Projections on the Adequacy of Social Security Pensions in Belgium, Italy and Germany by : Hermann Buslei
Download or read book 'So Pensions in Europe Will Remain Sustainable - But Will They Remain Adequate?' - An Assessment of the Consequences of the AWG Projections on the Adequacy of Social Security Pensions in Belgium, Italy and Germany written by Hermann Buslei and published by . This book was released on 2014 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: We stress that the demographic changes that Europe will face in the coming decades will have profound consequences not only for the sustainability but also for the adequacy of social security schemes, including pensions. Our paper aims at assessing the consequences of the Ageing Working Group projections on the adequacy of social security pensions. We use a microsimulation model and examine three countries: Belgium, Germany and Italy. Adequacy is assessed on the basis of the replacement rate, the redistributive impact of pensions and the different risks of poverty. Pension beneficiaries are compared to wage-earners. The replacement rate will follow different patterns: in Belgium and Germany it will decline until the beginning of the 2030s and recover later, in Italy it will show a continuous decrease. In all three countries income inequality declines from the working age to the retirement age and the risk of poverty among pensioners first increases and then decreases. The pension reforms implemented in the three countries have similar effects on income redistribution and poverty levels; these effects are particularly strong in Italy.
Book Synopsis Adequate and Sustainable Pensions by :
Download or read book Adequate and Sustainable Pensions written by and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Comment on the European Commission's "green Paper Towards Adequate, Sustainable and Safe European Pension Systems" by : Conny Olovsson
Download or read book Comment on the European Commission's "green Paper Towards Adequate, Sustainable and Safe European Pension Systems" written by Conny Olovsson and published by . This book was released on 2011 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Europe's population live longer live and the workforce's share of the population is shrinking. This constitutes a big challenge for the EU's Member States and within the EU there is now a debate on future European pension systems. This analysis discusses the issue against the background of the European Commissions "Green Paper" on how to design secure systems that are possible to finance. The report is part of the research project Social Europe and was presented at the seminar Almedalen 6 juli--Vad händer med Europas pensionssystem?"--Publisher's description.
Book Synopsis Towards Better Adequacy & Sustainability by :
Download or read book Towards Better Adequacy & Sustainability written by and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This discussion paper reviews the state of play of pension systems and recent reforms in the Eastern Partnership countries and discusses outstanding challenges and options for further reforms. Pension systems in the Eastern Partnership countries are confronted with changing demographics and an ageing population, decreasing formal employment, and a legacy from the Soviet Union with persistent features such as low statutory retirement ages and exemptions and privileges for many different categories of workers. This led to significant difficulties of the pension systems in the region to provide for adequacy of pension benefits and fiscal sustainability. Following the 2008 economic and financial crisis, discussions on more comprehensive pension reforms have gained renewed interest and some reforms have been launched. However, recent reforms have often only addressed parts of the challenges of the pension systems. The focus has been on improving the financial sustainability of the mandatory public pension schemes, often by raising the statutory retirement age. More comprehensive pension reforms, including structural reforms to broaden the base of contributors, would be needed to create sustainable systems with the ability to provide fair and adequate pensions to the old-age population.
Book Synopsis Sustainability of Pension Systems in Europe - The Demographic Challenge by : Chris Daykin
Download or read book Sustainability of Pension Systems in Europe - The Demographic Challenge written by Chris Daykin and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal sustainability of pensions is a serious issue in Europe because of the ageing of the population but there is also concern that reformed pensions may not be adequate. Actuaries have always been seen as major players in employer-sponsored pension schemes and insured pensions but have often not been very visible in commenting on public policy issues concerning the pension system as a whole. This article introduces the work being done by the Actuarial Association of Europe to raise the profile of actuaries with European institutions on the broader policy issues.
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.
