Securing Employer Based Pensions An International Perspective

Author : Zvi Bodie,Olivia Mitchell,John A. Turner
Publisher : University of Pennsylvania Press
Page : 352 pages
File Size : 45,5 Mb
Release : 1996-01-29
Category : Business & Economics
ISBN : 0812233344

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Securing Employer-Based Pensions by Zvi Bodie,Olivia Mitchell,John A. Turner Pdf

As the world's population ages, millions will rely on their pension plans as the mainstay of retirement income. This book asks whether supply will meet demand in the new economic order. Pension systems in Germany, Japan, Canada, and the U.S. are compared, along with those in many developing nations. This volume is intended for employees and managers, pension policymakers, actuaries and lawyers, and benefits consultants, all of whom are busy changing their pension structures to meet global challenges. Sensible tax, insurance, and funding policies—as well as investment management and actuarial oversight—are central to building and maintaining a successful public and private pension system. Tracing the interaction of these factors across a variety of environments, Securing Employer-Based Pensions explores the immediate need for increased pension security in retirement systems in both developed and developing nations.

Author : Marek Szczepanski,John A. Turner
Publisher : W.E. Upjohn Institute
Page : 345 pages
File Size : 51,7 Mb
Release : 2014-02-10
Category : Political Science
ISBN : 9780880994705

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Social Security and Pension Reform by Marek Szczepanski,John A. Turner Pdf

Countries around the world are reforming their social security and pension systems. International studies often focus on social security reforms in Europe and North America, and may include Latin America. Reforms, however, are also occurring in Asia and Africa, and include reforms of voluntary and employer-provided pensions as well as social security programs. This book discusses both social security and employer-provided pension reforms, as well as reforms in most regions of the world.

Author : OECD
Publisher : OECD Publishing
Page : 180 pages
File Size : 49,7 Mb
Release : 2019-11-27
Category : Electronic
ISBN : 9789264876101

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Pensions at a Glance 2019 OECD and G20 Indicators by OECD Pdf

The 2019 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, two special chapters focus on non-standard work and pensions in OECD countries, take stock of different approaches to organising pensions for non-standard workers in the OECD, discuss why non-standard work raises pension issues and suggest how pension settings could be improved.

Author : Michael Orszag, John Evans, John Piggott
Publisher : Edward Elgar Publishing
Page : 284 pages
File Size : 43,6 Mb
Release : 2008-06-30
Category : Business & Economics
ISBN : 9781781007662

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Pension fund governance by Michael Orszag, John Evans, John Piggott Pdf

'This collection of essays on a rapidly developing topic is a valuable addition to the field and the editors must be congratulated on beginning to bring the area to the attention of thinkers and government (not necessarily the same thing), who are charged with dealing with the challenge of controlling private pension provision.' - Robin Ellison, Pensions

Author : C. Gillion,International Labour Office
Publisher : International Labor Office
Page : 808 pages
File Size : 51,5 Mb
Release : 2000
Category : Business & Economics
ISBN : UOM:39015050247504

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Social Security Pensions by C. Gillion,International Labour Office Pdf

By providing a balanced assessment and factual review of the praticalities and structure behind various pension schemes around the world, this book assists decision-makers in forming effective, viable pension policy.

Author : Georges Dionne
Publisher : Springer Science & Business Media
Page : 1012 pages
File Size : 45,8 Mb
Release : 2000
Category : Business & Economics
ISBN : 0792378709

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Handbook of Insurance by Georges Dionne Pdf

In the 1970's, the research agenda in insurance was dominatedby optimal insurance coverage, security design, and equilibrium underconditions of imperfect information. The 1980's saw a growth oftheoretical developments including non-expected utility, pricevolatility, retention capacity, the pricing and design of insurancecontracts in the presence of multiple risks, and the liabilityinsurance crisis. The empirical study of information problems, financial derivatives, and large losses due to catastrophic eventsdominated the research agenda in the 1990's.The "Handbook of Insurance" provides a single reference source oninsurance for professors, researchers, graduate students, regulators, consultants, and practitioners, that reviews the research developmentsin insurance and its related fields that have occurred over the lastthirty years. The book starts with the history and foundations ofinsurance theory and moves on to review asymmetric information, riskmanagement and insurance pricing, and the industrial organization ofinsurance markets. The book ends with life insurance, pensions, andeconomic security.Each chapter has been written by a leading authority in insurance, allcontributions have been peer reviewed, and each chapter can be readindependently of the others.

Author : Dan Mays McGill
Publisher : Oxford University Press, USA
Page : 916 pages
File Size : 50,9 Mb
Release : 2005
Category : Business & Economics
ISBN : 0199269505

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Fundamentals of Private Pensions by Dan Mays McGill Pdf

For almost five decades, Fundamentals of Private Pensions has been the most authoritative text and reference book on private pensions in the world. The revised and updated Eighth Edition adds to past knowledge while providing exciting new perspectives on the provision of retirement income. This new edition is organized into six main sections dealing with a variety of separable pension issues. Section I provides an introductory discussion on the historical evolution of the pension movement and how pensions fit into the patchwork of the whole retirement income security system in the United States. It includes a discussion about the economics of the tax incentives that have played a role in stimulating pension offerings and in the structure of the benefits provided. Section 2 lays out the regulatory environment in which private pension plans operate. Section 3 investigates the various forms of retirement plans that are available to workers to determine how they are structured in practical terms. Section 4 focuses on the economics of pensions. Several of the chapters in this section update and refine material from the prior. New chapters in this volume describe the conversion of some traditional pensions to new hybrid forms, including cash balance and pension equity plans, and the growing phenomenon of phased retirement and the issues raised for employer-sponsored pensions. Section 5 explores the funding and accounting environments in which private employer-sponsored retirement plans operate. The concluding section investigates the handling of assets in employer-sponsored plans and their valuation as well as the insurance provision behind the benefit promises implied by the plans. This latest edition of Fundamentals of Private Pensions will prove invaluable reading for both academics and professionals working in the area of pensions and pension management.

Author : Kevin G. Kinsella
Publisher : Unknown
Page : 96 pages
File Size : 54,5 Mb
Release : 1995
Category : Old age pensions
ISBN : MINN:31951D01238166D

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Older Workers, Retirement, and Pensions by Kevin G. Kinsella Pdf

Author : Anonim
Publisher : Unknown
Page : 408 pages
File Size : 53,7 Mb
Release : 1996
Category : Employee fringe benefits
ISBN : CORNELL:31924078608019

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Benefits Quarterly by Anonim Pdf

Author : Anonim
Publisher : Unknown
Page : 738 pages
File Size : 47,7 Mb
Release : 1996
Category : Labor laws and legislation
ISBN : MSU:31293015132933

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Monthly Labor Review by Anonim Pdf

Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.

Author : Robert Holzmann
Publisher : World Bank Publications
Page : 246 pages
File Size : 54,9 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 9780821360408

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Old-age Income Support in the 21st Century by Robert Holzmann Pdf

The past decade has brought an increasing recognition to the importance of pension systems to the economic stability of nations and the security of their aging populations. This report attempts to explain current policy thinking and update the World Bank's perspective on pension reform. This book incorporates lessons learned from recent Bank experiences and research that have significantly increased knowledge and insight regarding how best to proceed in the future. The book has a comprehensive introduction and two main parts. Part I presents the conceptual underpinnings for the Bank's thinking on pension systems and reforms, including structure of Bank lending in this area. Part II highlights key design and implementation issues where it signals areas of confidence and areas for further research and experience, and includes a section on regional reform experiences, including Latin American and Europe and Central Asia.

Author : OECD
Publisher : OECD Publishing
Page : 164 pages
File Size : 45,6 Mb
Release : 2019-03-20
Category : Electronic
ISBN : 9789264313736

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OECD Reviews of Pension Systems: Portugal by OECD Pdf

This review builds on the OECD’s best practices in pension design and provides policy recommendations on how to improve the Portuguese pension system, detailing the Portuguese pension system and its strengths and weaknesses based on cross-country comparisons. The Portuguese pension system ...

Author : Dimitri Vittas
Publisher : World Bank Publications
Page : 45 pages
File Size : 52,9 Mb
Release : 1998
Category : Pension reform
ISBN : 9788042911119

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Regulatory Controversies of Private Pension Funds by Dimitri Vittas Pdf

March 1998 Although controversial, investment and other draconian regulations for private pension funds are suitable for countries with weak capital markets and little tradition of private pension provision. But regulations should be relaxed as private pension funds gain in maturity. Like other financial institutions, private pension funds require a panoply of prudential and protective regulations to ensure their soundness and safeguard the interests of affiliated workers. These regulations include authorization criteria (such as minimum capital, fit and proper, and business plan requirements), asset segregation and external custody, professional asset management, external audits and actuarial reviews, extensive information disclosure, and effective supervision. These regulations resemble those applied to banks and insurance companies and are not particularly controversial. But private pension funds in developing countries are often subject to structural and operational controls that are more controversial. Such controls include special authorizations and market segmentation, one account per worker and one fund per company rules, nondiscrimination provisions, regulations on fees and commissions, investment limits, minimum profitability rules, and state guarantees. Vittas discusses the use of such regulations in developing countries that have implemented systemic pension reforms. He draws a distinction between this approach and the more relaxed regulatory regime that relies on the prudent person rule found in more advanced countries. He argues that the draconian regulatory approach can be justified on several grounds, but especially by the compulsory nature of the pension system, the absence of strong and transparent capital markets, and the lack of a long tradition of private pension funds. But the regulations should be progressively relaxed as private pension funds and their affiliated workers gain in experience, sophistication, and maturity. This paper-a product of the Development Research Group-is part of a larger effort in the group to study pension funds and institutional investors.

Author : Franco Modigliani,Arun Muralidhar
Publisher : Cambridge University Press
Page : 282 pages
File Size : 52,8 Mb
Release : 2004-08-02
Category : Business & Economics
ISBN : 0521834112

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Rethinking Pension Reform by Franco Modigliani,Arun Muralidhar Pdf

This book is unique as it presents an academic and a practical aspect on managing pension funds to clarify the global debate on social security. The authors establish the basic choices in designating any system to help policy makers develop the system that achieves their many objectives. The success of reforms depends on financial innovation to mitigate key risks and some innovations are discussed, which also demonstrates how pension reform choices affect the achievement of retirement objectives. Finally, the authors examine some proposed hybrid options to show how the beneficial features of these hybrids can be captured through good design in a single fund.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 41 pages
File Size : 45,9 Mb
Release : 1998-02-01
Category : Business & Economics
ISBN : 9781451842753

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Pension Reform in the Baltics, Russia, and other Countries of the Former Soviet Union (BRO) by International Monetary Fund Pdf

Despite their increasing fiscal burden, the public pension systems of BRO countries are failing to provide adequate social protection. Although there is a broad consensus about the need for pension reforms, BRO countries are debating whether to embark on systemic reforms or whether to correct the distortions in their pay-as-you-go (PAYG) pension systems. The paper reviews the measures taken by BRO countries during the transition period to address their pension problems and examines the options for further reform. It makes a strong case for a gradual reform approach aimed at establishing a multi-pillar system over the long run, but initially focused on implementation of “high-quality” reforms of the PAYG system.