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Public Pension Programmes (public + pension_programme)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	80%

Selected Abstracts

Crises in Public Pension Programmes in OECD: What are the Reform Options?

THE ECONOMIC JOURNAL, Issue 461 2000
Richard Disney
The paper examines projections of the fiscal liabilities of public pension programmes in a number of OECD countries. It investigates the reasons why many countries have built up such liabilities in the past and critically appraises the future projections of pension costs. It examines the strengths and weaknesses of four reform options which are currently being discussed and implemented in various countries. [source]

Public Pension Reform in the United Kingdom: What Effect on the Financial Well-Being of Current and Future Pensioners?,

FISCAL STUDIES, Issue 1 2005
Richard Disney
Abstract Unlike many tax and benefit changes, reforms to public pension programmes take many years to have their full effect. This paper examines the effect of reforms to the public pension programme in the United Kingdom on the state retirement incomes of current generations of pensioners and on the prospective state incomes of future generations of pensioners. We show that, for an individual with lifetime earnings close to male average earnings, the UK pension system is at its most generous to those reaching the state pension age around the year 2000, but that the introduction of the state second pension and the pension credit postpones this peak for individuals on lower incomes and for those with substantial periods out of paid employment spent with caring responsibilities. We also consider how the ,mix' of benefits, particularly between the contributory and income-tested sectors, could change over time, and the impact that this would have on incentives to save for retirement. [source]

Old age protection in India: Problems and prognosis

INTERNATIONAL SOCIAL SECURITY REVIEW, Issue 2 2002
Ranadev Goswami
This paper reviews the current state of the Indian pension system. The Indian experience could potentially influence policy decisions in other developing countries, especially those with similar reliance on the national provident fund system. Institutional features of various retirement benefit schemes are highlighted and their deficiencies are discussed. It is argued that low coverage level, underperformance of provident fund schemes due to investment restrictions, and financial difficulties in administering unfunded public pension programmes have rendered the current system ineffective and unsustainable. The failed experiments with ad hoc reform initiatives in the recent past further emphasize the need for a structural and lasting change. The paper concludes with some policy directions for reforming the Indian pension system. [source]