April 2022
13Apr

France. Macron is now ‘back-pedalling’ on ‘brutal’ pension plans, Le Pen ally says

President Emmanuel Macron is “back-pedalling” in his offer to soften his planned pension reform to seduce voters but would still execute his plans if re-elected, the head of France’s far-right Rassemblement National party Jordan Bardella said on Tuesday. Campaigning in France’s former industrial heartland, Macron on Monday said he was prepared to readjust his planned pension reform, which is at the core of his programme for re-election. Read also The Danish Pension System: Design, Performance, and Challenges “I am ready to change...

April 13, 2022
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11Apr

The Danish Pension System: Design, Performance, and Challenges

By Andersen, Hougaard Jensen & Rangvid The need for pension reform is widely discussed against the backdrop of falling fertility rates and rising longevity. These developments challenge pension systems which in many countries already encounter problems with pension adequacy and financial sustainability. In the debate, reference is often made to Denmark as a model for pension system reform. This book offers the first coherent and in-depth description and analysis of the Danish pension system; its structure and performance. As is well-known to...

April 11, 2022
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06Apr

Major reform of the Dutch Pension system

On March 30, 2022 the Dutch government submitted draft legislation to reform the Dutch pension system, (the Bill) which is expected to come into effect on January 1, 2023. If the Dutch House of Representatives approves the proposal, it will go to the Senate where it is expected to pass. The deadline for transitioning to the new scheme is January 1, 2027 at the latest. This change will impact every employer with a pension scheme in place. In practice,...

April 6, 2022
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March 2022

German government prepares Aktienrente bill
30Mar

German government prepares Aktienrente bill

The statutory equity pension is an ‘integral part’ of the work of the current coalition government, says FDP’s Vogel The German government is working on a draft law to reform the first pillar scheme with the statutory equity pension model, or Aktienrente, to be finalised in the next few weeks, said Johannes Vogel, deputy chair of the Free Democratic Party (FDP) and member of the parliamentary committee on labour and social affairs, in an interview with T-Online.de. The government, supported by...

March 30, 2022
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23Mar

Chile plans to reform controversial pension program next year

The Chilean government will send a long-awaited bill to reform the country's controversial private pension system to congress next year, Finance Minister Mario Marcel said on Tuesday. Read also US. How to Improve Retirement Readiness in Under-represented Groups Reforming the current system, Pension Fund Administrators (AFP), was one of the biggest demands demonstrators had during the 2019 protests. One of the biggest complaints against the system is its low-paying pensions. Leftist President Gabriel Boric proposed eliminating the private system in favor of...

March 23, 2022
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February 2022

Assessing the Macroeconomic Impact of Structural Reforms in Ukraine
24Feb

Assessing the Macroeconomic Impact of Structural Reforms in Ukraine

By Anil Ari & Gabor Pula Ukraine’s economic performance has been anemic since the early 1990s. A major impediment to productivity growth has been low investment, held back by lack of strong and independent institutions. This paper aims to assess the major areas of institutional weakness in Ukraine and quantify the long-term growth impact of catching-up to Poland in terms of the quality of major economic institutions and market development. Our analysis identifies the legal system as the area where...

February 24, 2022
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18Feb

Italy makes another attempt at pension reform as debt worries mount

Italy is working on a reform to make it easier for workers to retire early without bloating Europe’s second-highest pensions bill as rising borrowing costs fuel concern about the country’s huge public debt. Officials said that Mario Draghi’s government wants to inject more flexibility into the system while avoiding the fate of the unpopular 2011 reform that  raised the retirement age steeply but was suspended in 2018 after a backlash. Read also French Prime Minister Castex: pensions to be adjusted to...

February 18, 2022
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17Feb

Assessing Chile’s Pension System: Challenges and Reform Options

By Christopher Evans & Samuel Pienknagura Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor...

February 17, 2022
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11Feb

Reforming the Greek Pension System

By Daehaeng Kim, Alvar Kangur & Niki Kalavrezou The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015–17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms...

February 11, 2022
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04Feb

The many lives of the Bolivian private pension system

Latin American countries have increased the state’s role in pension provision since the mid-2000s. Bolivia has introduced changes in which the state has a bigger role, and this is linked to the reforms promoted by the socialist MAS party. Still, the private system has endured, Leandro N. Carrera (LSE Public Policy Group) and Marina Angelaki (Panteion University) explain. Read also Virus has created different economic system, says Finnish pensions chief Since the 1980s, the region has been at the forefront of...

February 4, 2022
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