Pension Reform Archives - Page 10 of 37 - Pension Policy International

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

21JulJuly 21, 2023

Pension Reform, Incentives to Retire and Retirement Behavior: Empirical Evidence from Swedish Microdata

By Lisa Laun & Mårten Palme This paper investigates to what extent the 1998 reform of Sweden’s public old-age pension system contributed to the increase in extensive margin labor supply among older workers seen in the country in recent decades. We use a large data set containing all males and females born in Sweden between 1927 and 1950 and observe their retirement behavior during 1991–2012. The data show that the reform changed the incentives to remain in the labor force...

July 21, 2023

Articles, Pension design2023, Behavioral Science, Pension Reform, Sweden

18JulJuly 18, 2023

Pension reform for St Vincent and the Grenadines

St Vincent and the Grenadines Finance Minister Camillo Gonsalves has warned that reform to the pension and benefit structure of the National Insurance Services (NIS) can begin as early as next year. Gonsalves wa briefing lawmakers on the finding of the 11th actuarial review of the National Insurance Services (NIS) and an independent analysis of the actuarial review, conducted by the World Bank’s Reserve Advisory and Management Partnership (RAMP). The Finance Minister told Parliament that according to the report, NIS reserves...

July 18, 2023

NewsPension Reform, St. Vincent and the Grenadines

12JulJuly 12, 2023

Czech Republic. Government pension reform now before final vote

A Czech government bill to slow the indexation of old-age pensions and tighten the rules for early retirement now stands before its third reading after a vote in the lower house on Tuesday. The vote followed a debate lasting over eight hours and concluded late in the evening. MPs will vote on the matter for a final time next week at the earliest. The minister of social affairs, Marian Jurečka, said on Tuesday that the move was necessary to maintain the...

July 12, 2023

NewsCzech Republic, Pension Reform

11JulJuly 11, 2023

Belgian government agrees on pension reform to receive EU recovery funds

The Belgian government agreed on pension reform on Monday, paving the way for the long-awaited release of part of the EU recovery funds the European Commission had tied to the reform. On Monday, Prime Minister Alexander De Croo (Open VLD/Renew Europe) and Pensions Minister Karine Lalieux (PS/S&D) announced the long-awaited agreement on Twitter, which completes the one reached a year ago and aims to ensure the pension system’s financial sustainability amid an ageing population. According to the government, various measures will...

July 11, 2023

NewsBelgium, EU, Pension Reform

07JulJuly 7, 2023

Ecuador´s FUT to take to the streets opposing new pension reform

FUT President José Villavicencio warned his Front will take to the streets whether the Guillermo Lasso administration decides to support and OK suggestions by the commission in charge of looking for solutions to make the retirement funds of the Ecuadorian Social Security Institute (IESS) more sustainable. Whether Lasso´s administration decides to move forward with these new reforms it will be the same scenario as in France, Villavicencio stressed at a press briefing. He pointed out that Lasso’s administration, which has not...

July 7, 2023

NewsEcuador, Pension Reform

30JunJune 30, 2023

Analysis: Dutch pension fund reform spells investment rethink

An overhaul of the private pensions system in the Netherlands - the biggest in the European Union - is leading asset managers there to rethink how they invest 1.5 trillion euros ($1.64 trillion) of retirement savings. Asset managers for top Dutch pension funds said the reform, which takes effect on Saturday, could spark outflows from euro zone government bonds in favour of riskier assets and change the way such funds protect themselves from swings in interest rates. Changes approved in May...

June 30, 2023

News, UncategorizedNetherlands, Pension Reform

26JunJune 26, 2023

UK Pension Reform May Drive Billions to Riskier Assets, FT Says

Highly-anticipated reforms of UK pensions could channel billions of pounds into fast-growing companies and boost investments in riskier assets, the Financial Times reported. Chancellor of the Exchequer Jeremy Hunt will use his annual Mansion House speech next month to unveil regulatory changes to encourage pension funds to invest in high-growth British assets, including early-stage companies and equities and infrastructure focused on green initiatives, the FT said, citing unidentified sources. That would mirror the approach taken by large Canadian and Australian...

June 26, 2023

NewsPension Reform, UK

09JunJune 9, 2023

Sustainability of pension schemes. Building a smooth automatic balance mechanism with an application to the US social security

By Frédéric Gannon, Florence Legros & Vincent Touzé We build a “smooth” automatic balancing mecanism (S-ABM) which would result from an optimal tradeoff between increasing the receipts and reducing the expenditures of a pension scheme. The S-ABM obtains from minimizing a sum of discounted quadratic loss function under the constraint of an intertemporal budget balance. One advantage of this model of “optimal” adjustment is its ability to analyse various configurations in terms of ABMs by controlling the adjustment pace. Notably,...

June 9, 2023

Books, Books, System Sustainability2020, Pension Reform, Public Policy, Regulation

08JunJune 8, 2023

French parliament chief to block bid to axe pension reform

The law was enacted following months of mass protests via a controversial constitutional mechanism whereby the government avoided a vote in the lower-house National Assembly. Speaker Yael Braun-Pivet, who is from President Emmanuel Macron's centrist party but is officially neutral, confirmed she would reject on constitutional grounds the bid to introduce new legislation, infuriating its backers. Speaking to BFM television, she said an amendment proposed by the small LIOT faction in parliament and backed by left-wing parties would be declared "inadmissible". She...

June 8, 2023

News, UncategorizedFrance, Pension Reform

July 2023

Reforming against the demographic clock

Pension Reform, Incentives to Retire and Retirement Behavior: Empirical Evidence from Swedish Microdata

Pension reform for St Vincent and the Grenadines

Czech Republic. Government pension reform now before final vote

Belgian government agrees on pension reform to receive EU recovery funds

Ecuador´s FUT to take to the streets opposing new pension reform

June 2023

Analysis: Dutch pension fund reform spells investment rethink

UK Pension Reform May Drive Billions to Riskier Assets, FT Says

Sustainability of pension schemes. Building a smooth automatic balance mechanism with an application to the US social security

French parliament chief to block bid to axe pension reform