Pension design Archives - Page 37 of 60 - Pension Policy International

05JulJuly 5, 2019

The Ultimate Guide to Retirement in South Africa

By Bruce Cameron, Wouter Fourie Most people are rich for a single day in their lives: the day they retire and receive their retirement savings. This moment is more critical than many people realise – it marks the change from saving for retirement to drawing an income from savings that will ideally sustain them until they die. All too often, pensioners end up struggling financially because they make the wrong decisions after they retire. It is crucial for...

July 5, 2019

Books, Pension design2019, Labor Market, Regulation, South Africa

05JulJuly 5, 2019

Welfare Effects of a Non-Contributory Old Age Pension: Experimental Evidence for Ekiti State, Nigeria

By Maria Laura Alzua, Natalia Cantet, Ana Dammert, Damilola Olajide Many countries in the developing world have implemented non-contributory old-age pensions. Evidence of the impact of such policies on the elderly in Sub-Saharan Africa is scarce, however. In this paper, we provide the first evidence from a randomized evaluation of an unconditional, non-contributory pension scheme targeted at the elderly in Ekiti State, Nigeria. Our findings show that treated beneficiaries self-reported better quality of life, more stable mental health, and...

July 5, 2019

Articles, Labor Market, Pension design2019, Income, Nigeria, Return Rate, Saving, Social Security

21JunJune 21, 2019

Retirement Security: Women Face Challenges in Ensuring Financial Security in Retirement

By U.S. Government Accountability Office Women aged 65 and over will account for a growing segment of the U.S. population over the next several decades. Despite increases in women's workforce behavior in the past 65 years, elderly women have persistently high rates of poverty. Thus, it is important to understand the differences between men's and women's retirement income, and how women may fare given future reforms to Social Security and pensions. GAO was asked to examine (1) how...

June 21, 2019

Adequacy, Books, Pension design2019, Financial Inclusion, Gender Gap

14JunJune 14, 2019

The Great Pension Debate: Finding Common Ground

By Robert L Brown, Stephen Eadie In the never-ending debate about finding an optimal pension model, many proponents start the discussion at extreme ends of the pension model paradigm. At one extreme is a traditional, fully guaranteed defined-benefit (DB) pension plan. In this plan, all of the risks are born by the plan sponsor given that plans are fully funded. While such plans are growing rare today that is the starting point for many in this debate. At the...

June 14, 2019

Adequacy, Articles, Pension design, Slider-Left2019, Defined Benefit, Defined Contribution, Funding

07JunJune 7, 2019

Retire In-Home: A New Way to Use a Home to Guarantee Retirement Income

By Arun Muralidhar There is a growing retirement crisis and most of the focus has been on the fact that individuals are not saving enough for retirement, may not have access to pension schemes, and find it difficult to choose from a wide range of retirement products. One solution that has been considered is to improve access to Reverse Mortgages (RMs) so that individuals can convert their (possibly) single largest asset into a through-death income stream. However, current RMs are...

June 7, 2019

Articles, Pension design2018, Income, Investment, Replacement Rate, Savings

31MayMay 31, 2019

Ensuring Retirement Security with Simple GLIDeS

By Adam Kobor, Arun Muralidhar There is a growing retirement crisis and most of the focus has been on the fact that individuals are not saving enough for retirement, may not have access to pension schemes, or are financially illiterate. More critically, assets/financial products available to investors, may not be appropriate for the typical individual saving for retirement. The goal of retirement is to try to guarantee a target level of income ideally from retirement till death. Current glide...

May 31, 2019

Articles, Investing, Pension design, Savings2019, Income, Replacement Rate, Risk

31MayMay 31, 2019

Pension Scheme Designs: Can It Influence Timing of Retirement? The Case of the Public Service Pension Scheme in Uganda

By Kibs Boaz Muhanguzi Ambiguity in literature about how pensions influence retirement decision can be a challenge to policy formulation unless further inquiry is done. This ambiguity could be attributed to a number of factors including the study scope, different pension designs and differing study methodologies. Using Uganda’s public service pension scheme, this study delves into exploring whether the scheme’s design influences timing of retirement. Using a probit model, analysis of the effect of pension o timing of retirement...

May 31, 2019

Aging, Articles, Pension design2019, Public Pensions, Uganda

31MayMay 31, 2019

50 States of Gray: An Innovative Solution to the Defined Contribution Retirement Crisis

By Arun Muralidhar Another retirement crisis is looming as one-third of private-sector, typically poor and unsophisticated workers, probably have little to no pension security. The fifty states have decided to enact reforms, but they are unwilling to assume any liability. Effective reform should ensure a target, guaranteed, inflation/standard-of-living-indexed retirement income through death. The book proposes a four-step reform process that articulates roles, responsibilities, and sequencing of steps to effectively address the looming retirement crisis. Current reform models potentially expose...

May 31, 2019

Books, Investing, Pension design2018, DC Pensions, Funding, Risk

24MayMay 24, 2019

Pension Fund Risk Management: Financial and Actuarial Modeling

By Marco Micocci, Greg N Gregoriou, Giovanni Batista Masala As pension fund systems decrease and dependency ratios increase, risk management is becoming more complex in public and private pension plans. Pension Fund Risk Management: Financial and Actuarial Modeling sheds new light on the current state of pension fund risk management and provides new technical tools for addressing pension risk from an integrated point of view. Divided into four parts, the book first presents the correct measurement of risk...

May 24, 2019

Books, Investing, Pension design2010, Management, Risk

24MayMay 24, 2019

Retirement and Social Security

By Giam Cipriani, Tamara Fioroni In this paper, we analyse the effects of demographic change on a PAYG pension system, financed with a defined contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three-period overlapping generations model. We focus on both the case of mandatory retirement and the case where the retirement age is freely chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and pension...

May 24, 2019

Aging, Articles, Pension design, Savings2019, DC Pensions, Labor Market, Social Security

July 2019

The Ultimate Guide to Retirement in South Africa

June 2019

Retirement Security: Women Face Challenges in Ensuring Financial Security in Retirement

The Great Pension Debate: Finding Common Ground

Retire In-Home: A New Way to Use a Home to Guarantee Retirement Income

May 2019

Ensuring Retirement Security with Simple GLIDeS

Pension Scheme Designs: Can It Influence Timing of Retirement? The Case of the Public Service Pension Scheme in Uganda

50 States of Gray: An Innovative Solution to the Defined Contribution Retirement Crisis

Pension Fund Risk Management: Financial and Actuarial Modeling