Renten Auf Einen Blick 2017 Oecd- Und G20-Länder - Indikatoren

Renten Auf Einen Blick 2017 Oecd- Und G20-Länder - Indikatoren

Author: Oecd

Publisher: Renten Auf Einen Blick

ISBN: 9264301631

Category: Political Science

Page: 176

View: 975

- Vorwort - Einführung Flexibilität oder die Rückkehr der Frühverrentung? - Zusammenfassung - Jüngste Rentenreformen - Flexibler Übergang in den Ruhestand in OECD-Ländern - Aufbau der nationalen alterssicherungssysteme - Grundrente, sozialrente und mindestrente - Gesetzliche verdienstabhängige renten - Derzeitiges renteneintrittsalter - Künftiges renteneintrittsalter - Methodik und annahmen - Bruttoersatzquoten - Bruttoersatzquoten: öffentliche im vergleich zu privaten, gesetzlich vorgeschriebene im vergleich zu freiwilligen systemen - Steuerliche behandlung von renten und rentnern - Nettoersatzquoten - Nettoersatzquoten: gesetzlich vorgeschriebene und freiwillige systeme - Bruttorentenvermögen - Nettorentenvermögen - Bruttoersatzquoten für unterschiedliche verdienstprofile - Fertilität - Lebenserwartung - Altenquotient - Beschäftigungsquoten älterer arbeitskräfte - Effektives erwerbsaustrittsalter - Zu erwartende lebensjahre nach dem austritt aus dem erwerbsleben - Einkommen älterer menschen - Einkommensarmut im alter - Durchschnittsverdienst - Beiträge zur gesetzlich vorgeschriebenen altersvorsorge - Öffentliche rentenausgaben - Ausgaben für öffentliche und private rentenleistungen - Langfristige projektionen der öffentlichen rentenausgaben - Erfassungsgrad der privaten altersvorsorgepläne - Struktur der privaten altersvorsorgesysteme - Vermögen der privaten altersvorsorgepläne und öffentlichenpensionsreservefonds - Vermögensallokation privater altersvorsorgepläne und öffentlicherpensionsreservefonds - Anlageergebnisse privater altersvorsorgepläne und öffentlicherpensionsreservefonds - Betriebskosten privater altersvorsorgesysteme und von denversicherten erhobene gebühren - Deckungsgrad leistungsbezogener altersvorsorgepläne

Managing Pension Plans

Managing Pension Plans

Author: Dennis E. Logue

Publisher: Oxford University Press on Demand

ISBN: 0875847919

Category: Business & Economics

Page: 409

View: 609

Pension funds are big business. They are important to employers, employees, governments, and society at large. With the increasing concern over dwindling retirement benefits and the effect on public awareness of recent pension fund crises, managing pension plans has never been more critical - and the pressure on those who are responsible for them has only intensified. Destined to become the classic resource on pension plan management, Managing Pension Plans explains everything you need toknow for successful management of any pension plan - from how pension plans help sponsors manage their workforces to the latest in investment and risk management. With concise and practical guidance on ways for achieving optimal finance performance, Managing Pensions Plans is an indispensable resource for pension fund trustees, boards of directors, managers, and administrators of both public and private pension plans as well as for the money management firms, consultants, actuaries, and accountants who serve the pension fund industry. Logue and Rader, two of the world's leading experts on the subject, explain all the financial, legal, economic, accounting, and managerial issues that those who make pension fund decisions must juggle - in language that non-financial managers can understand, yet with sufficient depth to be useful to financial managers as well. The authors synthesize the latest in capital market and financial economics research to help those involved in pension management improve their decision-making in all the critical areas, including: choosing the optimal form of pension plan, formulating and implementing the plan's investment strategy, selecting and monitoring pension plan managers, measuring the plan's performance, and managing financial risk. In addition, the book describes in detail the responsibilities of fiduciaries, revealing how to be both a prudent fiduciary and a capable decision maker. Additionally, Managing Pension Plans offers candid advice onhow pension managers can improve fund performance by being more effective shareholders. As pension fund management and performance increasingly affect the success of organizations as a whole, this book will be indispensable to anyone - from fund analysts to board members - who influences pension fund decisions.

Pension Finance

Pension Finance

Author: M. Barton Waring

Publisher: John Wiley & Sons

ISBN: 9781118106365

Category: Business & Economics

Page: 336

View: 923

Pension plans around the world are in a state of crisis. U.S. plans alone are facing a total accrued liability funding deficit of almost $4 trillion (of the same order of magnitude as the federal debt), a potential financial catastrophe that ranks among the largest ever seen. It has become clear that many government, corporate, and multi-employer pension sponsors will not be able to cope with this crippling debt and may default on promised benefits. And many of those sponsors that might be able to cope are exasperated by continuous, ongoing negative surprises-large unexpected deficits and higher-than-expected required contributions and pension expense-and are choosing to terminate their plans. But it need not be so. Pension Finance: Putting the Risks and Costs of Defined Benefit Plans Back under Your Control walks the reader through the conventional actuarial and accounting approaches to financing pension benefits and investing plan assets, showing that the problems described happen as a natural consequence of the dated methods still in use. It shows in detail how modern methods based on market value will easily minimize these risks: Pension plans can in fact be comfortable for employers to sponsor and safe for employees to contribute todepend on for their retirement needs. This book is must-read for defined benefit pension plan sponsors and employee representatives, plan executives, board members, accountants, fund managers, consultants, and regulators., Research sponsored by the CFA Institute, this book demystifies pension finance, previously accessible only to actuaries. It teaches the topic in lay terms by drawing complete analogies to ordinary transactions such as paying off a mortgage or saving for college. Armed with this book, anyone comfortable with finance and investments in any other context can be comfortable with pension finance and pension investment policy. And further armed with a handheld financial calculator, any layperson can quickly estimate the contributions needed to keep a given plan comfortably solvent, giving them a powerful tool for oversight.

Political Determinants of Evolution and Reform of the German Public Pension Plan

Political Determinants of Evolution and Reform of the German Public Pension Plan

Author: Nicole Petrick

Publisher: GRIN Verlag

ISBN: 9783638741446

Category: Business & Economics

Page: 28

View: 355

Seminar paper from the year 2005 in the subject Economics - Finance, grade: 1,3, Humboldt-University of Berlin, 13 entries in the bibliography, language: English, abstract: The paper discusses the evolution and reform of the German public pension plan in respect to its history, theoretical approaches to explain the choice and evolution of pension plans and takes current issues in account in order to evaluate the suggestions made and to show what political determinants influence future reform. Part 1 of this paper will give a short review of the history of the German public pension plan between the late 19th century and today. Part 2 will show how decisions made in the past could be explained and will use political approaches to explain the choice and evolution of pension schemes and pension reform. Part 3 of this paper will then consider the current problems faced by the pension system and will discuss different proposals made. It will consider the current situation of the German public pension plan and will use political determinants in order to examine how the future reform of the public pension fund in Germany could develop. A small critique will be given at the end.

The Oxford Handbook of Pensions and Retirement Income

The Oxford Handbook of Pensions and Retirement Income

Author: Gordon L. Clark

Publisher: Oxford Handbooks

ISBN: 0199272468

Category: Business & Economics

Page: 954

View: 941

This handbook draws on research from a range of academic disciplines to reflect on the implications for provisions of pension and retirement income of demographic ageing. it reviews the latest research, policy related tools, analytical methods and techniques and major theoretical frameworks.

Matching Contributions for Pensions

Matching Contributions for Pensions

Author: Richard Hinz

Publisher: World Bank Publications

ISBN: 9780821394939

Category: Business & Economics

Page: 356

View: 954

The use of matching contributions to enhance the participation and level of savings in pensions system has now been in use for nearly three decades in a number of high income countries. Increasingly, countries across the full range of economic development are looking to the design as a means of addressing the low rates of participation in formal pension and other retirement savings systems. A number of countries have recently introduced innovations in their pension systems that significantly rely on contributions matches and related types of direct subsidies to provide incentives for groups that mandates and other indirect methods such as preferential tax treatment have been unsuccessful in reaching. There is particular interest among developing countries in utilizing this design to extend coverage to informal sector and low income workers that typically do not pay income related taxes. This volume provides descriptions and analysis of the design, experience and outcomes achieved in the high income countries where there information about the dynamics and outcomes that this approach has achieved is not beginning to emerge. It also reviews new efforts to use the design in a number of other settings in which the matching contributions have been included as a significant element in reform of the pension system. The review of the experience with matching contribution across this full range of settings provides important observations and some initial lessons for policy makers and analysts who may be considering or evaluating the use of this approach to increase pension coverage.

Reimagining Pensions

Reimagining Pensions

Author: Olivia S. Mitchell

Publisher: Oxford University Press

ISBN: 9780198755449

Category: Business & Economics

Page: 381

View: 207

The 1964 termination of the Studebaker Corporation's pension plan wiped out or significantly reduced the pensions of thousands of the automaker's employees and retirees. In response, the US Congress passed the 1974 Employee Retirement Income Security Act (ERISA), a monumental and revolutionary piece of legislation crafted to address corporate pension underfunding. The bill also set new rules regarding defined benefit (DB) and other retirement plans, and it established the Pension Benefit Guaranty Corporation as a government-run insurer to serve as a backdrop to U.S. corporate pensions. Despite the bill's far-ranging scope, in the decades since its passage, it has become evident that ERISA failed to achieve many of its intended objectives. The corporate pension scene today is in turmoil, and most private employers have terminated or frozen their traditional DB plans. In their place, employers are increasingly substituting defined contribution (DC) retirement saving plans, which pose a new set of responsibilities on employees and their firms. This volume investigates how and why traditional approaches to pension risk management have failed, and we also explore the new mechanisms required to strengthen retirement security for the future. Lessons from international experience are also included, ranging from Singapore to Switzerland, and the Netherlands to Australia.

Reinventing the Retirement Paradigm

Reinventing the Retirement Paradigm

Author: Robert L. Clark

Publisher: Oxford University Press

ISBN: 9780199284603

Category: Business & Economics

Page: 308

View: 790

At the same time, public and private trust in traditional pension offerings is rapidly eroding, as companies alter, amend, and terminate their conventional plans in the face of poor investment performance and new methods of pension accounting. Experts from the UK, the US, Japan, Sweden, and Canada offer international perspectives on the evolving institutions of retirement practice. This book provides readers a range of insights and strategies not available in other volumes, and it represents an invaluable addition to the PRC/OUP series. It will be particularly valuable for managers working toward more efficient pension plans; to scholars and policymakers seeking to maximize pension design and effectiveness; and to actuaries and tax specialists concerned with pension regulation. The Pension Research Council at the Wharton School of the University of Pennsylvania was founded 50 years ago to encourage research and teaching on pensions and retirement security.

Private Pensions and Public Policies

Private Pensions and Public Policies

Author: William G. Gale

Publisher: Rowman & Littlefield

ISBN: 0815796420

Category: Political Science

Page: 420

View: 106

The private pension system, together with Social Security, has provided millions of Americans with income security in retirement. But over the past thirty years, pension coverage has stagnated, leaving behind some vulnerable groups. Defined contribution plans have exposed workers to greater investment risk, while cash balance and other hybrid plans may have adverse effects on older workers caught in the transition. Pension regulations, infamous for their complexity, can be bewildering to policy analysts and policymakers. Private Pensions and Public Policies sheds timely and much-needed light on specific issues within the broader context and framework of pension reform. Contributors focus on topics that must be addressed in any reform effort, including the effects of the shift in emphasis toward defined contribution plans (after the 1974 Employee Retirement Income and Security Act) and hybrid plans (from the 1990s); regulatory issues such as nondiscrimination rules and contribution limits; how to increase the information available to participants and improve financial education; how participants in defined contribution plans make choices on questions such as asset allocation, back-loaded versus front-loaded saving, and annuities versus lump sum distributions; and the interaction of the private pension system with Social Security. Contributors include Robert L. Clark (North Carolina State University), Sylvester J. Schieber (Watson Wyatt Worldwide), Richard A. Ippolito (George Mason University School of Law), Alan L. Gustman (Dartmouth College), Thomas L. Steinmeier (Texas Tech University), John Karl Scholz (University of Wisconsin), Dean M. Maki, (JPMorgan Chase), William Even (Miami University of Ohio), Jagadeesh Gokhale (American Enterprise Institute), Laurence J. Kotlikoff (Boston University), Mark J. Warshawsky (TIAA-CREF Institute), Annika Sunden (Boston College), Andrew A. Samwick (Dartmouth College), David A. Wise (Harvard University), Joel Dickson (The Vanguard Group), Peter Merrill (PriceWaterhouseCoopers), Kent Smetters (Wharton School), Yuewu Xu (TIAA-CREF Institute), Janemarie Mulvey (Watson Wyatt Worldwide), Peter Orszag (Sebago Associates, Inc.), James M. Poterba (Massachusetts Institute of Technology), John B. Shoven (Stanford University), Clemens Sialm (University of Michigan), Leslie E. Papke (Michigan State University), Jeffrey R. Brown (Harvard University), and Michael Hurd (RAND Corporation).

Pension Systems

Pension Systems

Author: Birgit Mattil

Publisher: Springer Science & Business Media

ISBN: 3790816752

Category: Business & Economics

Page: 300

View: 273

Recently, policy debate and comparative research on old-age pensions have focused on the financial sustainability of pension systems in the face of demographic change. This study, however, also takes into account distributional effects involved in pension system structures. Theoretical, institutional and empirical analyses are combined to form a comprehensive framework for evaluating financial sustainability and distributional effects of the pension systems implemented in Germany and the United Kingdom. Along with projections of demographic trends and future public pension expenditure, the empirical results on old-age incomes and their distribution allow for identifying a number of reform options for each pension system to improve their financial or distributional results.