Public Policy Archives - Page 5 of 31 - Pension Policy International

22JunJune 22, 2023

UK. Pension policy risks being ‘stuck in a previous era’

Pension policy risks being 'stuck in a previous era' rather than reflecting the realities of scheme funding levels today, according to LCP partner Steve Webb. Giving evidence to the Work and Pensions Select Committee, Webb pointed out that back in 2014. the combined deficit of DB pension schemes stood at nearly £400bn. This is in stark contrast to the latest figures which show a surplus of over £400bn. "For many of our clients, the issues we are now discussing are about managing...

June 22, 2023

NewsPublic Policy, Regulation, UK

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

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

26MayMay 26, 2023

Bringing Back the State: Understanding Varieties of Pension Re-reforms in Latin America

By Leandro N.Carrera & Marina Angelaki Pension policy is a highly political issue across Latin America. Since the mid-2000s, several countries have re-reformed their pension systems with a general trend toward more state involvement, yet with significant variation. This article contends that policy legacies and the institutional political setting are key to understanding such variation. Analyzing the cases of Argentina, Bolivia, and Chile, this article shows that where a weak legacy, characterized by low coverage and savings rates, a weakly...

May 26, 2023

Books, Books, Pension design2021, Latin America, Pension Reform, Public Policy

22MayMay 22, 2023

China issues guidance for basic elderly care system by 2025

China has issued guidance to all provinces to build a basic elderly care system by 2025, state-run Xinhua news agency said on Sunday, in the latest step to prevent a demographic crisis. Who takes care of the elderly in China, where pensions are tiny, is one of the major headaches policymakers face as they deal with the country's first demographic downturn since Mao Zedong's Cultural Revolution. The ruling Communist Party has mobilised resources to ensure that more vulnerable age groups are...

May 22, 2023

NewsAging, China, Healthcare, Public Policy

17MayMay 17, 2023

UK. Improving financial security in retirement

How much to put aside for retirement is one of those issues that many working age people do not like to think about very much. With the last seven years dominated by Brexit, dealing with a pandemic and recovery from it, supporting households and businesses with energy bills and the cost of living crisis, it is also fair to say retirement saving has not been front and centre in the mind of policymakers either. While there was a lot of policy...

May 17, 2023

NewsPension design, Public Policy, Retirement Planning, UK

08MayMay 8, 2023

China pursues high-quality population development to support modernization

China has sent a clear signal to adapt to the new normal in its demographics in an effort to boost modernization by improving the overall quality of its population. According to a meeting of the Central Commission for Financial and Economic Affairs held last week, China is currently experiencing a trend of birthrate decline, population aging, and differentiation in regional population growth. The latest official data showed that China's population reached 1.41175 billion at the end of 2022, a drop of...

May 8, 2023

NewsAging, China, Public Policy

15FebFebruary 15, 2023

Around the World, New Solutions to Fight Poverty in Aging

In Mexico, they’re teaching Indigenous artisans how to sell their textiles and crafts online. In Ethiopia and Colombia, they’re experimenting with new ways to provide health care services to residents in rural communities. In Bangladesh and Ecuador, they’re using targeted cash transfers to help older widows and others avoid poverty when they are unable to earn income. Around the globe, governments and other policymakers are exploring solutions to prevent older adults from living in poverty or otherwise being shut out...

February 15, 2023

NewsAging, Income, Public Policy

09FebFebruary 9, 2023

The number of older Americans is growing, and many states are unprepared

States with a master plan can more readily make sure diverse programs and agencies coordinate to keep the needs of aging adults at the forefront. New York is the latest state to authorize creation of a Master Plan for Aging, starting the process of developing systems to help older adults lead independent, meaningful and dignified lives in their own homes and communities as long as possible. While several other states also have developed or are developing similar long-term proposals, which typically...

February 9, 2023

NewsAging, Public Policy, US

30DecDecember 30, 2022

Malaysia’s ageing population needs government attention

A news portal recently reported that a developer plans to turn Butterworth into a retirees’ haven. The report’s subtitle read: “Jayamas Property Group to create niche location, as Malaysia heads towards an ageing population by 2030.” The report said Butterworth is already being targeted as a private housing development hub for the elderly, with medical and healthcare services. Unfortunately, only wealthy senior citizens will be able to afford such services. The Department of Statistics has predicted that the country may soon become...

December 30, 2022

NewsAging, Malaysia, Public Policy

June 2023

UK. Pension policy risks being ‘stuck in a previous era’

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

May 2023

Bringing Back the State: Understanding Varieties of Pension Re-reforms in Latin America

China issues guidance for basic elderly care system by 2025

UK. Improving financial security in retirement

China pursues high-quality population development to support modernization

February 2023

Around the World, New Solutions to Fight Poverty in Aging

The number of older Americans is growing, and many states are unprepared

December 2022

Malaysia’s ageing population needs government attention