Practice Under the New Pension Reform Legislation
Author : Mortimer Maxwell Caplin
Publisher :
Page : 304 pages
File Size : 48,88 MB
Release : 1974
Category : Pension trusts
ISBN :
Author : Mortimer Maxwell Caplin
Publisher :
Page : 304 pages
File Size : 48,88 MB
Release : 1974
Category : Pension trusts
ISBN :
Author : Mr.Benedict J. Clements
Publisher : International Monetary Fund
Page : 86 pages
File Size : 35,2 MB
Release : 2013-01-25
Category : Business & Economics
ISBN : 147556631X
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 :
Publisher :
Page : 126 pages
File Size : 46,37 MB
Release : 2015
Category :
ISBN :
Author : Samuel Pienknagura
Publisher : International Monetary Fund
Page : 52 pages
File Size : 16,82 MB
Release : 2021-09-10
Category : 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 : Bureau of National Affairs (Washington, D.C.)
Publisher :
Page : 365 pages
File Size : 21,72 MB
Release : 1974
Category : Old age pensions
ISBN :
Author : Cheolsu Kim
Publisher : Routledge
Page : 280 pages
File Size : 34,64 MB
Release : 2012
Category : Business & Economics
ISBN : 041552220X
India is ageing. One response of Indian policy makers has been introduction of the New Pension Scheme (NPS), a defined contribution pension scheme which is mandatory for civil servants and voluntary for the rest of the population. Given the size of the target population, even if take-up is modest, NPS savings may soon provide huge amounts of capital to India's economy. However, challenges are abound. What governance structure will best achieve the ultimate policy goal of serving the needs of savers? What business processes and information technology design will serve members best? How effectively will the NPS attack the problem of old-age poverty? In this book, a multi-disciplinary international team, comprising of economists, lawyers, pension management experts, and capital market experts, explore these and other questions. The book proposes significant legal, regulatory, and governance reforms for the NPS and other existing pension schemes, as well. It finds that current NPS business practices cannot keep pace with potential growth of the system and makes suggestions on how to take better advantage of information technology. Based on review of experience elsewhere and state-of-the-art economic-demographic modelling, it warns that the NPS in its current form does not address the retirement income needs of the lifelong very poor, suggesting that it is only one in a range of responses needed to cope with the challenges of population ageing in India.
Author :
Publisher :
Page : 0 pages
File Size : 41,55 MB
Release : 1974
Category : Pension trusts
ISBN :
Author : Robin K. Harvey
Publisher :
Page : 196 pages
File Size : 23,52 MB
Release : 2004
Category : Pensions
ISBN :
Author : Bureau of National Affairs (Arlington, Va.)
Publisher :
Page : 334 pages
File Size : 29,89 MB
Release : 1974
Category : Pension trusts
ISBN :
Author :
Publisher :
Page : 424 pages
File Size : 24,56 MB
Release : 1975
Category : Pension trusts
ISBN :