Pension Reform Archives - Page 12 of 37 - Pension Policy International

16MayMay 16, 2023

Macron promises €2 billion in tax cuts for French middle class

As part of his continued attempt to move past his government’s contentious pensions reform, French President Emmanuel Macron has announced two billion euros of tax cuts for the middle class before the end of his term. In a televised interview Monday evening, Macron said he wants to “concentrate” two billion euros of tax cuts on people “who work hard, who want to raise their children well and who today, because the cost of living has increased… have trouble making ends...

May 16, 2023

NewsFrance, Pension Reform, Taxation

12MayMay 12, 2023

Retirement Plan Reforms in the Absence of a Retirement Policy

By Natalya Shnitser The US retirement system is currently characterized by tremendous diversity of instruments, institutions, and intermediaries in pursuit of the same goal. While the goal – achieving financial security in retirement – is widely accepted by policymakers and participants, for individuals in the United States, the nature of the “investment” experience in the retirement context varies considerably based on the identity, savviness, and size of the intermediaries, as well as the particular legal regime to which such intermediaries...

May 12, 2023

Articles, Pension design2023, Pension Reform, US, Voluntary Savings

09MayMay 9, 2023

Belgium’s recovery plan blocked by pension reform stalemate

Belgium still has not made progress on the thorny pension reform issue even though it would unlock much-needed EU funds under the country’s recovery plan. On Monday, the government decided to increase its borrowing by €408 million to implement the Federal pillar of the recovery plan, Belgian news media La Libre reported. However, while the European Union paid Belgium €770 million of the €850 million of the first tranche in advance, the country was forced to postpone its first formal payment...

May 9, 2023

NewsPension Reform, Political economy

05MayMay 5, 2023

Pension Reform: Conceptual Foundations and Practical Challenges

By Seamus H. Duffy & Oliver Giesecke Underfunded pension are the largest liability for state and local governments across the United States. As a result of increasing recognition of the associated risks, recent statutory funding mandates led to a sharp increases in required contributions, threatening city services and employee bases. As funding pressure mounts, pension reforms offer a viable tool for prudent economic policy. We propose five general principles that guide pension reform considerations and discuss how these principle stand...

May 5, 2023

Articles, Pension design, Regulation2023, Defined Benefit, Defined Contribution, Pension Reform, US

02MayMay 2, 2023

After pan-bashing, France’s Macron faces labour day protests

France's President Emmanuel Macron faces more nationwide protests on Monday as he seeks to steer the country on from a divisive pension law that has sparked anger, pan-bashing and social unrest. Last month he signed a law to raise the retirement age from 62 to 64, despite months of strikes against the bill. He and his government have since tried to turn the page on the episode of popular discontent, one of the biggest challenges to his second mandate. But protesters have...

May 2, 2023

NewsFrance, Pension Reform

21AprApril 21, 2023

Reforming against the demographic clock

By Allianz Research The Covid-19 pandemic erased life-expectancy gains of almost a decade, pushing population aging and pension reform into the background. In fact, to alleviate the financial burden on private households and companies, governments not only put together aid packages worth billions of euros that drove up national debt, but also postponed already agreed upon reform measures, lowered contribution rates and allowed early withdrawals from retirement plans. As a result, the build-up of future pension entitlements and retirement savings slowed,...

April 21, 2023

Reports, System Characterization, System Sustainability2023, Adequacy, Pension Reform

18AprApril 18, 2023

French President Macron says he hears people’s anger but insists pension change was needed

French President Emmanuel Macron said Monday that he heard people’s anger over raising the retirement age from 62 to 64, but insisted that it was needed to keep the pension system afloat as the population ages. In many cities, opponents to the pension law took to the streets to bang pots and pans during Macron’s televised address to the nation, with the rallying cry: “Macron won’t listen to us? We won’t listen to him!” In Paris, the gatherings quickly turned into...

April 18, 2023

NewsFrance, Pension Reform, Retirement Age

17AprApril 17, 2023

UK. PLSA sets out key issues for defined contribution reform

In the Pensions and Lifetime Savings Association’s (PLSA) regular column for Professional Pensions, the trade body’s director of policy and advocacy takes a look at defined contribution (DC) reform. It is hugely positive that pensions minister Laura Trott has wasted no time in setting out her vision for DC pensions. Her recent support for the Gullis Bill on reform of auto-enrolment to increase the amount of saving into workplace pensions is an important step towards achieving pensions adequacy and has a...

April 17, 2023

NewsDefined Contribution, Pension Reform, UK

17AprApril 17, 2023

Macron to address France after ‘Pyrrhic’ pensions victory

President Emmanuel Macron is on Monday to address France for the first time since signing into law his controversial pension reform, facing warnings the political and social crisis it sparked is not over. Macron signed the legislation early Saturday, just hours after the banner change to raise the retirement age from 62 to 64 had been validated by the constitutional court, prompting accusations he was smuggling the law through in the dead of night. After three months of protests and strikes,...

April 17, 2023

NewsFrance, Pension Reform, Retirement Age

14AprApril 14, 2023

Constitutional Council approves Macron’s controversial French pension reform

The Constitutional Court, the country’s highest authority on constitutional matters, on Friday handed down its ruling on whether the pension reform – which among other things raises the pension age from 62 to 64 – was constitutional. As there is no appeal against court decisions, a refusal would have been a crushing blow for Macron’s government – but the court announced on Friday evening that the major parts of the reform were approved. The court also rejected a request for a...

April 14, 2023

NewsFrance, Pension Reform, Retirement Age

May 2023

Macron promises €2 billion in tax cuts for French middle class

Retirement Plan Reforms in the Absence of a Retirement Policy

Belgium’s recovery plan blocked by pension reform stalemate

Pension Reform: Conceptual Foundations and Practical Challenges

After pan-bashing, France’s Macron faces labour day protests

April 2023

Reforming against the demographic clock

French President Macron says he hears people’s anger but insists pension change was needed

UK. PLSA sets out key issues for defined contribution reform

Macron to address France after ‘Pyrrhic’ pensions victory

Constitutional Council approves Macron’s controversial French pension reform