Author: Annual Premiers' Conference, August 9-11, 1983
Publisher:
ISBN:
Category :
Languages : en
Pages : 35

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Author: Joseph F. Delfico
Publisher:
ISBN:
Category : Occupational mobility
Languages : en
Pages : 62

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Author: Robert Holzmann
Publisher: World Bank Publications
ISBN: 082136166X
Category : Business & Economics
Languages : en
Pages : 692

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This book presents 25 state of the art papers on the conceptual foundations and issues surrounding Non-financial, or Notional, Defined Contribution (NDC), country implementation of NDC (Italy, Latvia, Poland, and Sweden) and case studies for countries where NDC is figured in the reform debate. This book is intended to be a handbook for academics and policy makers who want to become informed about what NDC is and to learn about the pros and cons of this attractive reform proposal.

Author: Stephen J. Kay
Publisher: OUP Oxford
ISBN: 0191527696
Category : Business & Economics
Languages : en
Pages : 448

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Latin American experiments with pension reform began when Chile converted its public pay-as-you-go system to a system of private individual accounts in the early 1980s. Several other Latin American countries then followed suit, inspired both by Chile's reforms and by World Bank recommendations stressing compulsory government-mandated individual saving accounts. Individual accounts were subsequently introduced in a number of countries in Europe and Asia. Many are now re-evaluating these privatisations in an effort to 'reform the reform' to make these systems more efficient and equitable. This volume is the first to assess pension reforms in this new 'post-privatization' era. After a discussion on demographic trends in the foreword by Nobel laureate Robert W. Fogel, Section 1 of the book includes chapters on the role of pension system default options, the impact of gender, and a discussion of the World Bank's policies on pension reform. The chapter on the evidence from Chile's new social protection survey points to key lessons from the world's first privatization. Section 2 offers in-depth analysis of several significant reform initiatives in the hemisphere, and includes chapters on the United States, Canada, Mexico, Costa Rica, Brazil, Peru, Uruguay and Argentina. The volume provides an unparalleled account of the lessons from pension reform in the Americas, addressing the most pressing policy issues and highlighting a broad range of country experiences.

Author: Einar Overbye
Publisher: Routledge
ISBN: 1351151797
Category : Business & Economics
Languages : en
Pages : 256

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Throughout the developed world, public and private pension schemes face major challenges that are creating irresistible pressures for reform. Major structural changes in Latin America and in Central and Eastern Europe have led to particularly fierce pressure. Two member states of the European Union - Italy and Sweden - have introduced radical reform of their public pensions systems; controversial pension reforms have been proposed in France and Germany; and the British government has been widely criticized over its pension reforms and its 2002 white paper. This exceptional volume examines the challenges faced by pension schemes in the advanced economies and the reforms that have been introduced to tackle these challenges. A team of international contributors provides an up-to-date, invaluable analysis of different aspects of pension problems, prospects and reforms. The book incorporates cross-national chapters as well as a focus on individual countries including Belgium, Brazil, Colombia, Finland, Greece, Italy, Sweden, the UK and the USA.

Author: Christoph Henseleit
Publisher: GRIN Verlag
ISBN: 3638271064
Category : Business & Economics
Languages : en
Pages : 41

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Seminar paper from the year 2004 in the subject Economics - Finance, grade: 1,0 (A), Technical University of Darmstadt (Institute for Finance and Economic Policy), language: English, abstract: Traditional pension systems continue facing major problems regarding their sustainability. Significant demographic changes in modern societies and antiquated attributes of pension systems result in increasing deficits in public budgets. Various proposals, trying to reform traditional pension systems via conservative reforms, failed to fix the emerging problems. This paper explores substantial opportunities to reform persisting pension systems structurally. By considering different theoretical approaches of reforms and actual implementations of structural pension reforms in practice, advantageous alternatives of designing pension schemes shall be assessed. Furthermore, the authors aim at stimulating discussions about structural pension reforms by introducing a profound reform proposal. Numerous debates and ideas, concerning the pensions system and its reforms, have arisen during the last ten to 20 years all over the world. Moreover, in 1994, the World Bank published a book “Averting the Old Age Crisis: Policies to Protect the Old and Promote Growth”. The diagnosis of this book, summarized by Michael Bruno, was that “systems providing financial security for the old are under increasing strain throughout the world”1. “As long as the number of retirees does not grow faster than total earnings of employees [in the current system], the tax receipts can continue to pay the benefits of retirees”2. But because of important changes in the demographic situation and mis-constructions in present systems, this condition does not hold true anymore: first, the birth rate in most countries of the Organization for Economic Co-operation and Development (OECD) decreases continuously. Thus the number of young employees decreases, too. Second, the people, born in the time of the baby boom (after World War II, the so-called “baby boomers”), will retire during the next decade. Additionally, due to the progress in medicine and high living standards, longevity increases. According to a prediction of the World Bank (1998), the portion of people over 60 in OECD-countries will rise from 19.9% in 2000 to 31.2% in 2050. Almost a tripling from 7.3% to 20.7% is expected in Asia within this period3. [...] 1 See Fox/Palmer “New Approaches to Multipillar Pension Systems: What in the World is Going On?”, page 90 2 See Gruber and Wise, “Different Approaches to Pension Reform from an Economic Point of View, page 50 3 See Fox and Palmer, table 3.2

Author: Mr.Benedict J. Clements
Publisher: International Monetary Fund
ISBN: 147556631X
Category : Business & Economics
Languages : en
Pages : 86

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Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.

Author: Olivia S. Mitchell
Publisher: University of Pennsylvania Press
ISBN: 9780812234794
Category : Business & Economics
Languages : en
Pages : 446

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The United States social security system is the nation's largest social insurance program. As such, it has a far-reaching impact throughout the economy, influencing not only old-age economic security but also many behaviors, including corporate employment policy, retirement patterns, and personal saving. In the past, the system's universal coverage and generous benefits ensured popular support to a degree enjoyed by no other form of "big government" social spending. Yet over two-thirds of all Americans today believe that the social security system will face bankruptcy by the time they retire. The question of social security reform—how to reform the system or whether the system needs reform at all—is the subject of heated debate at all levels of government, in the media, and among workers, pensioners, and employers. Prospects for Social Security Reform informs the debate by exploring why the system is at a crossroads today and what to do about it. Contributors detail the size and nature of the problem, explain views of key "stakeholders" regarding reform options, and report new evidence on how reform might affect the economy. Research findings and public opinion polls are analyzed, as are lessons from other countries experimenting with new ways to deliver old-age benefit promises. No other volume includes as diverse and expert a set of perspectives on reform and privatization as those gathered here from economists, actuaries, employers, investment managers, and representatives of organized labor. Among its chapters is the path-breaking study "Social Security Money's Worth," the 1999 winner of the TIAA-CREF's Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security.

Author: John Christian
Publisher: Rand Corporation
ISBN: 0833039873
Category : Business & Economics
Languages : en
Pages : 41

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By one estimate, between fiscal years 1995 and 2005, total compensation costs for current and former military personnel increased by almost 60 percent. The military retirement benefit remains a significant portion of these costs, and every change to accessions, retention, and basic pay today will have a future effect on pension expenditures. This technical report provides an overview of the history of U.S. military retirement studies and associated legislation, with a particular focus on the past 60 years of proposed reforms. It is organized around the following five major issues that have driven attempts at retirement system reform: cost, equity, selective retention, civilian comparability, and force management flexibility. The author finds that cost alone is reason to analyze the current retirement system, and reform proposals of the past have focused carefully on cost. However, he also finds that, as the military's mission evolves over time, it is also important to consider the sometimes subtle incentive effects that the retirement system has on service member behavior. Beyond considerations of cost, reform of the military retirement system necessarily involves ramifications for force structure and operational readiness.

Author:
Publisher:
ISBN:
Category : Pension trusts
Languages : en
Pages : 38

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