Sustainability of Pension Systems in the New EU Member States and Croatia

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821373706
Total Pages : 50 pages
Book Rating : 4.8/5 (213 download)

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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.

Towards sustainable but still adequate pensions in the EU: Theory, trends and simulations

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Author :
Publisher : CEPS
ISBN 13 : 9290798734
Total Pages : 56 pages
Book Rating : 4.2/5 (97 download)

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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:

Equitable and Sustainable Pensions

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Publisher : International Monetary Fund
ISBN 13 : 1484395093
Total Pages : 432 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Equitable and Sustainable Pensions by : Mr.Benedict J. Clements

Download or read book Equitable and Sustainable Pensions written by Mr.Benedict J. Clements and published by International Monetary Fund. This book was released on 2014-03-08 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension reform is high on the agenda of many advanced and emerging market economies, for many reasons. First, public pensions often constitute a large share of government expenditure. Second, population aging means that reforms would be needed just to keep pension spending from rising in the future. Third, in many economies, low or falling pension coverage will leave large segments of the population without adequate income in old age and at risk of falling into poverty. Although a number of studies have assessed the effects of pension reforms on fiscal sustainability, a systematic analysis of equity issues in pension systems—and how countries have grappled with these issues—has yet to be undertaken. This book brings together the latest research on equity issues related to pension systems and pension reforms in the post-crisis world. Some of the key issues covered include: the effect of pension systems on intergenerational equity and the impact of pension reforms on poverty, the effects of pension reform measures on fiscal sustainability and equity, and the fiscal consequences of achieving different equity goals. It also presents country case studies. The volume provides a rich menu of material to assist policymakers and academic audiences seeking to understand the latest research in this area, as well as the lessons and challenges for the design of reforms.

Towards Sustainable But Still Adequate Pensions in the EU

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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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.

A Comparison of the Pension Systems of Greece, Austria and Sweden

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3656957010
Total Pages : 19 pages
Book Rating : 4.6/5 (569 download)

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Book Synopsis A Comparison of the Pension Systems of Greece, Austria and Sweden by : Amelie Többen

Download or read book A Comparison of the Pension Systems of Greece, Austria and Sweden written by Amelie Többen and published by GRIN Verlag. This book was released on 2015-05-07 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2014 in the subject Politics - Region: Western Europe, grade: 2,0, University of Lisbon, language: English, abstract: The European social model is challenged by decreasing fertility rates, higher life expectancies and the recent financial crisis. As member states are committed to provide sustainable and adequate pensions, they constantly have to review the sustainability of their systems and implement reforms to cope with the population ageing without destabilizing public finances. For our analysis, we choose the three countries Austria, Greece and Sweden. Our aim was to analyze a variety of different pension systems, not only different in their pension structure but also in their recent sustainability. Consulting the “2014 Pension Sustainability Index” suggests Sweden as a highly sustainable system with minor need for reforms. Austria in the mid-table has a quite sustainable pension system but needs to implement reforms to keep sustainable in the future. Greece made huge improvements in its sustainability due to the recent reforms implemented with the Troika but still remains in the lower field. In our opinion, these three countries give a diversified overview of the European social model.

Adequate and Sustainable Pensions

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Author :
Publisher :
ISBN 13 :
Total Pages : 162 pages
Book Rating : 4.:/5 (55 download)

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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:

Adequate and Sustainable Pensions

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Author :
Publisher :
ISBN 13 : 9783843326698
Total Pages : 0 pages
Book Rating : 4.3/5 (266 download)

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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 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pension Systems in East and Southeast Asia

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9290927615
Total Pages : 165 pages
Book Rating : 4.2/5 (99 download)

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Book Synopsis Pension Systems in East and Southeast Asia by : Donghyun Park

Download or read book Pension Systems in East and Southeast Asia written by Donghyun Park and published by Asian Development Bank. This book was released on 2012-08-01 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: Population aging poses two major challenges for Asian policy makers: (i) sustaining rapid economic growth in the face of less favorable demographic conditions; and (ii) providing affordable, adequate, sustainable old-age income support for a large and growing elderly population. This book explores the second issue by examining the pension systems of eight countries in East and Southeast Asia: the People's Republic of China, Indonesia, the Republic of Korea, Malaysia, the Philippines, Singapore, Thailand, and Viet Nam. It also puts forward both country-specific and region-wide reforms to address two critical areas of pension reform, namely, fairness and sustainability.

Private Pension Schemes

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Author :
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)

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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.

Adequate and Sustainable Pensions

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Author :
Publisher : Commission of European Communities
ISBN 13 :
Total Pages : 172 pages
Book Rating : 4.3/5 (91 download)

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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.

Adequate and Sustainable Pensions

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Author :
Publisher :
ISBN 13 : 9783843331173
Total Pages : 0 pages
Book Rating : 4.3/5 (311 download)

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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 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Agenda for Adequate, Safe and Sustainable Pensions

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Author :
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (914 download)

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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:

How to make European pensions adequate and sustainable?

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Author :
Publisher : CEPS
ISBN 13 : 9290798629
Total Pages : 16 pages
Book Rating : 4.2/5 (97 download)

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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.

Adequate and Sustainable Pensions

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Author :
Publisher :
ISBN 13 :
Total Pages : 268 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Adequate and Sustainable Pensions by : European Commission. Directorate-General for Employment, Social Affairs and Equal Opportunities. Unit E.4

Download or read book Adequate and Sustainable Pensions written by European Commission. Directorate-General for Employment, Social Affairs and Equal Opportunities. Unit E.4 and published by . This book was released on 2006 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: " This second report on Adequate and Sustainable Pensions provides a synthesis of recent developments in the area of pension reform in the EU" -- P. 3.

Joint Report on Pensions

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Author :
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Joint Report on Pensions by :

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.

Sustainable and Adequate Pensions

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Author :
Publisher :
ISBN 13 :
Total Pages : 4 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Sustainable and Adequate Pensions by : Juraj Antal

Download or read book Sustainable and Adequate Pensions written by Juraj Antal and published by . This book was released on 2009 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: This policy brief highlights the main findings of the project on Adequacy and Sustainability of Old-Age Income in the EU (AIM), which was financed by the EU's 6th Framework Programme and directed by CEPS.

Adequate and Sustainable Pensions

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Author :
Publisher :
ISBN 13 : 9789289459051
Total Pages : 0 pages
Book Rating : 4.4/5 (59 download)

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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: