Strengthening Pension Security And Defined Benefit Plans
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Author | : David Blitzstein |
Publisher | : Oxford University Press, USA |
Total Pages | : 270 |
Release | : 2006-08-03 |
Genre | : Business & Economics |
ISBN | : 0199204659 |
Highlighting retirement security as a major policy concern, this book addresses the question 'What are the risks & rewards in pensions, & what paths can stakeholders chose to solve these problems?'. It deals with employees' needs & expectations, employers' intentions & realizations, & policymakers' efforts to resolve the many challenges.
Author | : United States. Congress. House. Committee on Education and the Workforce |
Publisher | : |
Total Pages | : 88 |
Release | : 2004 |
Genre | : Law |
ISBN | : |
Author | : Mr.Marc Gerard |
Publisher | : International Monetary Fund |
Total Pages | : 30 |
Release | : 2019-01-25 |
Genre | : Business & Economics |
ISBN | : 1484396499 |
The Netherlands has been operating fully funded, defined benefit second pillar pension schemes that have consistently ranked high worldwide for delivering high replacement rates while featuring strong solidarity among members. Yet the long-term sustainability of the Dutch pension funds has been undermined in recent years by protracted low interest rates and unfavorable demographic developments, exacerbating controversies over intergenerational transfer mechanisms within the plans. This has prompted a national debate over ways to move toward more individualization while preserving financial security at retirement for all. This paper draws on this experience, illustrated by stress testing simulations and assessed vis-à-vis solutions implemented in peer countries, to discuss the main policy trade-offs associated with the reform of mature pension systems in advanced economies.
Author | : Samuel Pienknagura |
Publisher | : International Monetary Fund |
Total Pages | : 52 |
Release | : 2021-09-10 |
Genre | : Business & Economics |
ISBN | : 151359611X |
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.
Author | : United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations |
Publisher | : |
Total Pages | : 182 |
Release | : 2003 |
Genre | : Defined benefit pension plans |
ISBN | : |
Author | : C. Gillion |
Publisher | : International Labor Office |
Total Pages | : 808 |
Release | : 2000 |
Genre | : Business & Economics |
ISBN | : |
By providing a balanced assessment and factual review of the praticalities and structure behind various pension schemes around the world, this book assists decision-makers in forming effective, viable pension policy.
Author | : Olivia S. Mitchell |
Publisher | : Oxford University Press |
Total Pages | : 328 |
Release | : 2011-10-27 |
Genre | : Business & Economics |
ISBN | : 0199696810 |
As defined contribution pensions become prevalent, retirees are increasingly responsible for managing their own pension assets and thus their own financial literacy becomes crucial. Based on empirical evidence and new research, the book examines how financial literacy enhances retirement decision-making in ever more complex financial markets.
Author | : National Research Council |
Publisher | : National Academies Press |
Total Pages | : 230 |
Release | : 2013-01-10 |
Genre | : Social Science |
ISBN | : 0309261961 |
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
Author | : Vera Blinken |
Publisher | : State University of New York Press |
Total Pages | : 369 |
Release | : 2009-02-19 |
Genre | : Biography & Autobiography |
ISBN | : 1438426887 |
Vera and the Ambassador is a book to be savored and enjoyed on many levels. Both a behind-the-scenes peek at the operations of a U.S. embassy in a post–Cold War former Soviet satellite and a personal story of a refugee's escape and triumphant return, Vera and Donald Blinken's dual memoir openly details their challenges, setbacks, and victories as they worked in tandem to advance America's interests in Eastern Europe and to restore a former Soviet satellite state to a pre-communist level of prosperity. Hungary in all its cultural glory and historical anguish lies at the heart of this dramatic and deeply personal story. Born in Budapest just prior to World War II, Vera was only five years old when the Germans invaded in 1944. In a harrowing account, she describes how she and her mother managed to survive the atrocities of the war and, in 1950, narrowly escape Soviet-occupied Hungary for the freedom and opportunity of America. Making their way to New York, Vera settled into her adopted country with an indomitable spirit, a vow to become the best American she could be, and a hope of finding some way to give back as a show of gratitude for her good fortune in surviving the destruction of the war. That opportunity came in 1994 when her husband was appointed ambassador to Hungary by President Clinton, just five years into the country's tentative transformation from a command economy and totalitarian government into a market economy and fledgling republic based upon democratic ideals. A former investment banker, Donald might have lacked foreign service experience, but his skills as an administrator and his willingness to try innovative ideas, combined with Vera's knowledge of Hungarian language and culture and her outreach to the Hungarian community, helped them deal head-on with a variety of challenges, including a collapsing economy and the threat of a slide back toward the old ways of communism, and a brutal civil war that raged across the country's southern border in the former Yugoslavia. Replete with colorful characters from the streets of Budapest, humorous scenes at the ambassadorial residence, and accounts of tense high-level diplomatic negotiations in the run-up to Hungary's vote to join NATO, Vera and the Ambassador shows how the Blinkens helped chart a new course for American diplomacy in the mid-1990s. Ultimately, it is also the story of how Hungarians came to see them personally, and memorably, as their Vera and their ambassador.
Author | : United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations |
Publisher | : |
Total Pages | : 66 |
Release | : 2004 |
Genre | : Business & Economics |
ISBN | : |