By By (author) OECD Publishing
The subject of this fourth variation of Pensions at a look is pensions, retirement and existence expectancy. many nations have elevated pension a long time within the face of inhabitants growing old and longer lives. a few have brought an automated hyperlink among pensions and lifestyles expectancy. advancements to the incentives to paintings instead of retire also are a standard a part of fresh pension-reform applications. besides the fact that, making sure that there are sufficient jobs for older staff is still a problem. An in-depth examine those vital coverage concerns is supplied through 5 certain chapters on: pension a long time, retirement behaviour, pension incentives to retire, the call for for older staff and linking pensions to existence expectancy. This version updates details at the key positive factors of pension provision in OECD nations and offers projections of retirement source of revenue for modern day employees. It deals an increased diversity of 34 signs, overlaying the layout of nationwide retirement-income provision, pension entitlements, earning of older humans, the funds of pension structures, the demographic and financial context within which pension platforms function and personal pensions.- extra nations are analysed than in prior versions, together with 4 new participants of the OECD: Chile, Estonia, Israel and Slovenia. the place attainable, info also are supplied for the opposite significant economies within the G20: Argentina, Brazil, China, India, Indonesia, Russia, Saudi Arabia and South Africa. besides info at the ecu Union's 27 member states, this brings to forty three the variety of economies coated within the record. approximately Pensions at a look. . . "An terribly invaluable and cautious compilation of pension details for a wide-range of nations, offered in a typical structure and following a considerate constitution. The authors have introduced cross-national pension comparisons to a brand new point, and they're to be recommended for his or her extensive efforts.
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Additional info for Pensions at a Glance 2011: Retirement-income Systems in OECD and G20 Countries
However, different pension ages for the sexes in Hungary, Poland and the Slovak Republic mean that these do not feature among those with the shortest life expectancy at pension age for women (whereas they do for men). Moreover, life expectancy at age 60 or age 65 is closer to the OECD average for women than it is for men. 5 summarise the pattern in life expectancy at pensionable age over time for different countries, again for men and women separately. These figures group countries by the degree to which pension age has changed over the period from 1960 to 2050.
Briefly, pension entitlements in a defined-benefit (DB) scheme depend on the number of years of contributions and some measure of individual earnings. In points schemes, pension contributions “buy” a certain number of pension points. At the time of retirement, the accumulated number of points is multiplied by a pension-point value to determine the entitlement. Notional accounts – “notional” in the sense that there is no money in them – receive contributions each year and the balance earns a notional interest rate, typically linked to a macroeconomic variable such as GDP or wage growth.
2007), “Social Security Pensionable Ages in OECD Countries: 1949-2035”, International Social Security Review, Vol. 60, No. 1, pp. 81-99. R. ”, Social, Employment and Migration Working Paper, No. 60, OECD Publishing, Paris. R. and A. Zaidi (2008), “Socio-Economic Differences in Mortality: Implications for Pension Policy”, Social, Employment and Migration Working Paper, No. 71, OECD Publishing, Paris. C. D’Addio, R. Chomik and A. ”, Geneva Papers on Risk and Insurance, Vol. 34, pp. 515-535. Zaidi, A.