Regulation Archives - Pension Policy International

14MarMarch 14, 2025

Public pensions reforms: financial and political sustainability

By Julián Díaz Saavedra One main reason for the unsustainability of future pensions in many European countries is a failure to adapt to very long-term demographic trends. Also, a reform to address financing issues can also be an occasion to improve pension design. Sometimes, however, such pension reforms are likely to be overturned when they lead to significant short-term losses in retirement income. We use an overlapping generations economy with incomplete insurance markets to show that, with an appropriate design,...

March 14, 2025

Articles, Regulation2025, Pension Reform, System sustainability

14FebFebruary 14, 2025

Place-Based Policies of the European Union: Contrasts and Similarities to the US Experience

By Peter R. Berkowitz, Michael Storper & Max Herbertson The European place-based policy framework was established in the European Treaties and has a current budget of $60-70 billion per year. This paper identifies key features and directions for its future development with respect to three place-based problems: traditionally lagging regions; contemporary distressed (or left-behind regions), including those facing the structural challenges of the energy transition; the challenge of spreading prosperity faced with the uneven geography of technological clusters and routine technology-based manufacturing. We...

February 14, 2025

Articles, Regulation2024, EU, Public Policy, US

08NovNovember 8, 2024

Pension Policy Preferences: Beliefs about Others

By Carmen Sainz Villalba This paper studies the information provision and belief updating on the preference for regulation on pensions for own respondents and the preference for regulation on pensions for the population as a whole. Following the work of Sainz Villalba and Konrad (2024), we conduct a survey experiment where we provide information on own characteristics and on characteristics about individuals in other income brackets. We find that respondents who overestimate the pension coverage for low income earners are more likely to want less regulation...

November 8, 2024

Articles, Regulation2024, Behavioral Science, Public Policy, Regulation

10NovNovember 10, 2023

Annual Survey of Investment Regulation of Pension Funds and Other Pension Providers 2021

By Organización para la Cooperación y el Desarrollo Económicos This report describes the main quantitative investment regulations that pension funds are subject to in OECD and a selection of non-OECD countries, most of which are IOPS Member countries. This report also covers the investment rules for other pension providers, such as life insurance companies, for countries like Denmark, France, Ireland, Korea, Latvia and Sweden among OECD countries and Jordan among non-OECD jurisdictions. The information reflects the rules in force at the end of 2020...

November 10, 2023

Books, Books, Regulation, Reports2021, Investment, Pension Management

29SepSeptember 29, 2023

Does a Requirement to Offer Retirement Plans Help Low-Income Workers Save for Retirement? Early Evidence from the OregonSaves Program

By Ngoc Dao This study examines the first implementation of the state-run retirement savings program in Oregon, known as OregonSaves, in 2017. It offers early insights into the substantial impact of this mandated program on retirement savings among previously uncovered private workers. Results from difference-in-difference models using SIPP data indicate a 12 percent increase in Individual Retirement Account (IRA) ownership among Oregon workers after the program’s roll-out. Notably, the study discerns significant gains for lower-income, single, and older workers, as...

September 29, 2023

Articles, Regulation2023, Income, Labor Market, Pension design

23JulJuly 23, 2023

Public pensions reporting act

By Minister of Justice A valuation report filed pursuant to this section shall be prepared in a manner consistent with the guides and Recommendations for the preparation of an actuarial report in connection with a pension plan, published by the Canadian Institute of Actuaries, and shall include such additional information as the Minister may from time to time require. Read book “here”

July 23, 2023

Books, Books, Regulation, Reports2023, Canada, Public Pensions

23JulJuly 23, 2023

The pensions regulator’s annual report and accounts 2022-2023

By The Pensions Regulator The Pensions Regulator (TPR) is the UK regulator of workplace pension schemes. We make sure that employers put their staff into a pension scheme and pay money into it. We also make sure that workplace pension schemes are run properly so that people can save safely for their later years. Read book “here”

July 23, 2023

Books, Books, Regulation, Reports2023, Inflation, Public Policy, supervision, UK

21JulJuly 21, 2023

Reforming against the demographic clock

By Allianz Research Allianz launched the second edition of its Global Pension Report, which analyzes 75 pension systems around the globe using its proprietary Allianz Pension Index (API). The index consists of three pillars: Analysis of basic demographic and fiscal conditions as well as determination of the sustainability (e.g. funding and contribution periods) and adequacy (e.g. degree of diffusion and pension level) of the pension system. A total of 40 parameters are considered, with values ranging from 1 (very good)...

July 21, 2023

Books, Books, Regulation, Reports2023, Aging, Pension Reform, Public Policy

07JulJuly 7, 2023

Illusory Policy Implications of Behavioral Law & Economics

By Terrance O’Reilly Behavioral law and economics has achieved notable policy influence promoting soft paternalism—using nudges to encourage better choices without limiting options. Recently, some behavioral scholars have suggested that positive behavioral models actually support hard paternalism—imposing mandates. This article challenges the insinuation that behavioral law and economics supports mandates. Despite regular suggestions to the contrary, positive economic models do not entail distinct normative consequences. The article illustrates its thesis in the case of retirement savings, a key concern of behavioral...

July 7, 2023

Articles, Regulation2022, Behavioral Economics, Public Policy, savings

16JunJune 16, 2023

LGBT Elders in a Post-Windsor World: The Promise and Limits of Marriage Equality

By Nancy J.Knauer This Article addresses the uncertain post-Windsor legal landscape from the perspective of LGBT elders and older adults. The demise of DOMA has enhanced access to federal benefits, but it has also increased the complexity that LGBT individuals and their families face as they begin to plan for retirement and beyond. Additionally, marriage equality — even when it is recognized nationwide — will not help LGBT elders and older adults tackle many of the obstacles they face when...

June 16, 2023

Articles, Regulation2021, Equality, Public Policy, Social Security

March 2025

Public pensions reforms: financial and political sustainability

February 2025

Place-Based Policies of the European Union: Contrasts and Similarities to the US Experience

November 2024

Pension Policy Preferences: Beliefs about Others

November 2023

Annual Survey of Investment Regulation of Pension Funds and Other Pension Providers 2021

September 2023

Does a Requirement to Offer Retirement Plans Help Low-Income Workers Save for Retirement? Early Evidence from the OregonSaves Program

July 2023

Public pensions reporting act

The pensions regulator’s annual report and accounts 2022-2023

Reforming against the demographic clock

Illusory Policy Implications of Behavioral Law & Economics

June 2023