Adequacy Archives - Page 4 of 13 - Pension Policy International

11MarMarch 11, 2021

Pension Information and Women’s Awareness

By Marta Angelici, Daniela Del Boca, Noemi Oggero, Paola Profeta, Maria Christina Rossi, Claudia Villosio We explore the role of financial and pension information in increasing women’s knowledge and awareness of their future pension status, and consequently, in reducing the gender pension gap. A representative sample of 1249 Italian working women were interviewed to assess their knowledge about pensions and financial issues and about their own savings and personal wealth planned for retirement. The responses showed that their knowledge and...

March 11, 2021

Adequacy, Articles, Pension design2021, Financial Education, Gender Gap, savings

05MarMarch 5, 2021

Joint Report on Pensions Progress and key challenges in the delivery of adequate and sustainable pensions in Europe

By the Economic Policy Committee (Ageing Working Group), the Social Protection Committee (Indicators Sub-Group) and the Commission services (DG for Economic and Financial Affairs and DG Employment, Social Affairs and Equal Opportunities) Ensuring that public policies cater for sustainable, accessible and adequate retirement incomes now and in the future remains a priority for the EU. While Member States share similar fundamental challenges there are considerable differences in the timing of demographic ageing, the design of pension arrangements, the growth potential...

March 5, 2021

Adequacy, Books, Reports, SustainabilityCoverage, Europe, Political economy

21JanJanuary 21, 2021

Olivia S. Mitchell, PhD: Calibrating Retirement Planning with Current Conditions

By Olivia S. Mitchell In September 2020, Robert Powell, editor-in-chief of the Retirement Management Journal, Jason Fichtner, PhD, senior lecturer at the Johns Hopkins University; and Anna Rappaport, FSA, MAAA, chair of the Society of Actuaries Committee on Post-Retirement Needs and Risks, spoke with Mitchell about how longer lifespans and prolonged retirement periods are requiring adjustments to Social Security benefits, employee pension plans, and individual retirement savings. Source: SSRN

January 21, 2021

Adequacy, Aging, Articles, Pension design2020, Labor Market, Retirement Age, US

23DecDecember 23, 2020

Understanding Debt in the Older Population

By Annamaria Lusardi, Olivia S. Mitchell, Noemi Oggero Poor financial capability can erode well-being in later life. To explore debt and debt management among older Americans, age 51-61, we designed and analyzed a new module in the 2018 Health and Retirement Study along with information from the 2018 National Financial Capability Study. Even though this group should be at the peak of their retirement savings, it nevertheless carries debt due to student loans and unpaid medical bills; having children...

December 23, 2020

Adequacy, Aging, Articles2020, Financial Education, Income, Labor Market

11DecDecember 11, 2020

The Age Profile of Life-Satisfaction after Age 65 in the U.S

By Péter Hudomiet, Susann Rohwedder Although income and wealth are frequently used as indicators of well-being, they are increasingly augmented with subjective measures such as life satisfaction to capture broader dimensions of individuals’ well-being. Based on data from large surveys of individuals, life satisfaction in cross-section increases with age beyond retirement into advanced old age. It may seem puzzling that average life satisfaction would be higher at older ages because older individuals are more likely to experience chronic or...

December 11, 2020

Adequacy, Aging, Articles2020, Income, US

07DecDecember 7, 2020

2020 OECD Pensions Outlook

From OECD The OECD Pensions Outlook provides an analysis of different pension policy issues in OECD countries covering both public and private, defined benefit and defined contribution, pay-as-you-go and funded retirement provisions. Prepared against the background of the COVID-19 pandemic, the 2020 edition discusses policy guidelines to help governments strengthen the resilience of their retirement savings and old-age pension systems. Get the book Here!

December 7, 2020

Adequacy, Books, Books, Reports, System Sustainability2020, Pension Management, Public Policy, Regulation

11NovNovember 11, 2020

South Africa. The scary facts about the gender pension gap

Echoing concerns raised by the World Economic Forum earlier this year, 10X Investments’ new South African Retirement Reality Report adds more data showing this worrying trend of women falling further behind men. 10X’s third annual Retirement Reality Report (RRR20) shows that the retirement savings gap between the genders has grown in the last year, not only because the gender pay gap has widened, but because many women continue to reject the best option they have for narrowing the gap,...

November 11, 2020

Adequacy, News, Slider, System Sustainability2020, Gender Gap, Income, South Africa

20OctOctober 20, 2020

Mercer CFA Institute Global Pension Index 2020

By Merced CFA Institute What makes a world-class pension system in 2020? Pension systems around the world are facing additional pressures in 2020. The widespread economic impact due to COVID-19 has had both immediate and long-term implications for retirees. Additionally, increasing life expectancies and rising pressure on public resources to support the health and welfare of older citizens will affect how citizens around the world will retire in the mid to long-term. “The economic recession caused by...

October 20, 2020

Adequacy, Books, Investment, Pension Management, Reports, Sustainability2020, Corporate Governance, COVID-19, ESG, Health, Income, Payout

15OctOctober 15, 2020

2020 Global Retirement Index An in-depth assessment of welfare in retirement around the world

By NATIXIS With the world facing immediate issues resulting from the coronavirus pandemic and the economic consequences from the response of governments around the world, wildfires and other natural catastrophes triggered by changing weather and climate patterns, and heightened concerns about social justice and income inequality, the long-term goal of retirement security may not appear to be a top global concern in 2020. In reality, though, the crises we are experiencing today will have long-range implications for global retirement...

October 15, 2020

Adequacy, Books, Pension design, ReportsESG, Funding, Income, Public Policy

11SepSeptember 11, 2020

Gender Gap in Pension Income: Cross-Country Analysis and Role of Gender Attitudes

By Anna Veremchuk, University of Tartu The aim of this paper is to study the gender pension gap in Europe based on the newest EU-SILC data from the 2018 wave. The contribution of the paper is twofold. First, it provides evidence on factors shaping the gender pension gap in a large number of EU countries. Second, it analyses the relationship between the pension gap and: (1) the coverage of occupational (second pillar) pensions and (2) gender attitudes. The main factor contributing to gender...

September 11, 2020

Adequacy, Articles2020, Europe, Gender Gap, Income, Pension design

March 2021

Pension Information and Women’s Awareness

Joint Report on Pensions Progress and key challenges in the delivery of adequate and sustainable pensions in Europe

January 2021

Olivia S. Mitchell, PhD: Calibrating Retirement Planning with Current Conditions

December 2020

Understanding Debt in the Older Population

The Age Profile of Life-Satisfaction after Age 65 in the U.S

2020 OECD Pensions Outlook

November 2020

South Africa. The scary facts about the gender pension gap

October 2020

Mercer CFA Institute Global Pension Index 2020

2020 Global Retirement Index An in-depth assessment of welfare in retirement around the world

September 2020

Gender Gap in Pension Income: Cross-Country Analysis and Role of Gender Attitudes