Public Policy Archives - Page 18 of 31 - Pension Policy International

18SepSeptember 18, 2019

Pension auto-enrolment at risk of being stalled, warns Irish Life

The Government’s plan to introduce mandatory private pensions for all workers above a certain income limit by 2022 is now in danger of being stalled, putting at risk the adequacy of worker’s future pension pots. With private pensions still inadequate – research from the Economic and Social Research Institute last week found that women are retiring with significantly smaller pension pots then men – Irish Life, in its pre-budget statement, says the introduction of auto-enrolment needs to be “expedited”....

September 18, 2019

News, Slider2019, Income, Ireland, Public Policy, Saving

17SepSeptember 17, 2019

France. Lawyers, doctors, nurses protest pension changes

Thousands of French professionals, including lawyers and doctors, took to the streets of Paris Monday in the latest protest against the government's planned pension changes. The protest saw lawyers, doctors, nurses and others in regulated professions vent their displeasure at the proposed changes that President Emmanuel Macron's government says will simplify France's convoluted pensions system. The government has promised the legal retirement age of 62 won't change, but new conditions may encourage people to work longer. A large majority...

September 17, 2019

News, Slider2019, France, Public Policy, Regulation

17SepSeptember 17, 2019

ECB Has $51 Billion Fund Questioning Future of Inflation Hedging

The European Central Bank’s latest round of easing sent a signal to institutional investors that their inflation hedges may be growing more pointless by the day. In the northernmost corner of the euro zone, a $51 billion pension fund says ECB President Mario Draghi isn’t giving his industry much hope that things will improve. “So far, the less you’ve hedged, the better off you’ve been,” Reima Rytsola, the chief investment officer of Varma Mutual Pension Insurance Co., said in...

September 17, 2019

News, Slider2019, Political economy, Public Policy

13SepSeptember 13, 2019

Reforming Social Security: The Challenge of Income Inequality

By David W. Rasmussen Objective: This article examines the role Social Security plays in alleviating poverty among retirees in the context of threats to its solvency. Method: Examining long-term employment trends, declining access to defined benefit pensions and saving behavior can determine if in the more future Social Security beneficiaries are likely to be poor. Results: Labor market trends driven by technical change, global competition and increasing demand for services indicate that more future retirees will have lower life-time...

September 13, 2019

Adequacy, Articles, Regulation2019, Income, Public Policy, Social Security

13SepSeptember 13, 2019

France. Paris traffic gridlock as metro workers strike over pension reform

Paris metro workers walked off the job Friday over plans for a major overhaul of the pension system, sparking huge traffic jams as commuters scrambled to find other ways of getting to work. Ten of the city's 16 metro lines were shut down completely, while service on most others was "extremely disrupted," the city's RATP transit operator said. Massive crowds waited on the platforms of the two automated driverless lines still operating and officials counted nearly 300 kilometres (185...

September 13, 2019

News, Slider2019, France, Public Policy, Regulation

13SepSeptember 13, 2019

Kenya. Treasury to introduce risk policy for financial markets

•The micro-prudential banking policy is expected to mitigate risks likely to emerge during downturns in key sectors including banks, pension schemes, insurance and capital markets to safeguard capital and liquidity adequacy. •According to National Treasury CS Ukur Yatani, the banks should assess the market to ensure that competition viewed as a sign of market dynamism, does not pose as a potential source of new risks that will have adverse consequences in the future. The National Treasury is formulating...

September 13, 2019

News, Slider2019, Kenya, Public Policy, Risk

11SepSeptember 11, 2019

India. PM to launch farmers’ pension scheme in Ranchi on Sept 12

"The Prime Minister will launch three national and two state level schemes here on September 12. The first scheme is Kisan Mandhan Yojna, under which farmers will get Rs 3,000 pension; the second is laying the foundation stone for 462 Eklavya schools exclusively for quality education; the third is a pension scheme for small shopkeepers," the Chief Minister said in a press conference here on Tuesday. Das said that under the farmer's scheme, more than one lakh farmers have...

September 11, 2019

News, Slider2019, Financial Inclusion, India, Public Policy

10SepSeptember 10, 2019

Australian pension funds’ $168bln ‘wall of cash’ may lead overseas

Australian pension funds are sitting on a A$245 billion ($167.38 billion) 'wall of money' that will probably flow overseas because of a lack of domestic options, asset managers say. Thanks to Australian laws requiring employers to contribute at least 9% of a worker's salary to a pension, superannuation funds, as they are known locally, are the world's third-largest pool of pension assets, worth about $1.9 trillion. The Australian stock market is worth only $1 trillion. The nearly 2:1 ratio...

September 10, 2019

News, Slider2019, Australia, Investment, Public Policy

06SepSeptember 6, 2019

Young People in the Labour Market: Past, Present, Future

By Professor Andy Furlong, Dr John Goodwin, Henrietta O'Connor, Sarah Hadfield, Stuart Hall, Kevin Lowden, Reka Plugor Levels of suffering among Levels of suffering among young people have always been much higher than governments suggest. Indeed, policies aimed at young workers have often been framed in ways that help secure conformity to a new employment landscape in which traditional securities have been progressively removed. Increasingly punitive welfare regimes have resulted in new hardships, especially among young women and...

September 6, 2019

Books, Labor Market2019, Aging, Public Policy

06SepSeptember 6, 2019

Institutional Responses to Aging Populations and Economic Growth: A Panel Data Approach

By Patrick M. Emerson, Shawn D. Knabb, Anca-Ioana Sirbu Will an aging population lower economic growth? Economists are generally concerned that the increase in life expectancy could lower economic growth, however, theory does not make a prediction. As life expectancy increases, so should household savings, which results in more physical capital per worker. This will stimulate economic growth. However, as the retired population share increases, this may reduce spending on children as more resources are transferred to the elderly....

September 6, 2019

Aging, Articles2019, Political economy, Public Policy

September 2019