Search results for "Pension"
showing 10 items of 513 documents
Will it Last? An Assessment of the 2011 Spanish Pension Reform Using the Swedish System as Benchmark
2012
The aim of this paper is to make an assessment of the 2011 reform of the public pension system in Spain using the Swedish pension system as a benchmark, although some reference to the US pension system is also made. The paper focuses on the reform, explaining its aims, breaking down the main contents, critically examining the official view and describing the expected ageing of the Spanish population. This approach complements the quantitative analyses performed by other researchers and will enable us to assess the reformed system with the focus on four main areas: actuarial fairness, actuarial transparency, solvency and communication with the public. The main conclusion is that the reform w…
A LEGAL OPINION ON WHETHER A PERSON PERFORMING THE FUNCTION (CHURCH OFFICE) OF THE ECONOMIST OF THE POLISH BISHOPS’ CONFERENCE SATISFIES THE CONDITIO…
2019
Przedmiotem opinii jest udzielenie odpowiedzi na pytanie: czy osoba pełniąca funkcję (urząd kościelny) Ekonoma Konferencji Episkopatu Polski wypełnia przesłankę określoną w przepisie art. 44 ust. 3 ustawy z dnia 28 sierpnia 1997 r. o organizacji i funkcjonowaniu funduszy emerytalnych, czyli należy do kręgu tzw. „osób zależnych”? Przeprowadzona analiza stanu prawnego i faktycznego w tym konkretnym przypadku doprowadziła do konkluzji, że sam fakt bycia Ekonomem KEP nie powoduje, że ziszcza się negatywna przesłanka z art. 44 ust. 3 ustawy o organizacji i funkcjonowaniu funduszy emerytalnych. Ponieważ jednak osoba wykonująca funkcję Ekonoma KEP pozostaje równocześnie w stosunku pracy z jednostk…
Should a Survivorship Dividend Be Included in Notional Defined Contribution Accounts (NDCs)?
2013
The aim of this paper is to analyse the role of the survivor dividend in notional defined contribution (NDC) pension schemes. With this aim in mind, we first extend the model developed by Boado-Penas & Vidal-Melia (2014) by allowing for changes in the growth of the active population. We then compute the effect of the survivor dividend on the relationship between the individual’s internal rate of return for contributors who reach retirement age and the system’s internal rate of return. Finally we develop the main entries to include on the system's actuarial balance sheet. The model endorses the idea that the survivor dividend has a strong basis for enabling the NDC scheme to achieve financia…
The Public Pension Systems and the Economic Crisis
2020
Concern about the long-term sustainability of European public pension systems has been a permanent feature for decades due to the unstoppable ageing of the population, but demographic change is not the only factor of concern. A deep economic and financial crisis has been added to this structural problem, whose impact on economic growth and job creation has further aggravated the situation. The combination of these two challenges has created a “perfect storm”, which is forcing most European countries to introduce far-reaching reforms in their pension systems with the aim of ensuring their sustainability. This chapter analyses the main measures that the different EU-28 countries have addresse…
Tax Incentives as a Part of Governments’ Applied Mechanisms for the Third Pension Pillar in Estonia, Latvia, and Lithuania
2020
The main objective of the improvements to public pension systems is to create a balanced three-pillar pension structure and increase public accountability for pension capital formation. Most pension systems are based on the first two pension system pillars – mandatory contributions in the state compulsory unfunded pension scheme and the state-funded or accumulated pension scheme in pension funds. However, the pension level adequacy has been reached by adding the third pension system pillar - voluntary investments in private pension funds. Governments are private pension system policymakers by defining a legal framework and providing tax incentives for voluntary investments for retirement. I…
Influence of pillar 3 of pension system on retirement pensions level in Poland : will voluntary part of system enable decent life in old age?
2021
PURPOSE: The aim of this paper is the comparative analysis of the general saving ways included in pillar 3 of the pension system and showing their potential effectiveness from the perspective of the pension system participant. Will the resources allocated by the instruments of the voluntary pension system part significantly improve the level of the future pension? Will they allow a more decent life for an average Polish citizen in the period of the old age?
Likums par pensijām: 1, 2, 3 daļa. Likuma teksts, instrukcijas un Senāta principiāli lēmumi
1936
Papildinātais 2. iespiedums
Prestacions no contributives
2020
El document exposa les pensions no contributives de jubilació i invalidesa. Al estar concebudes per a persones amb situació de manca de recursos que no complixen els requisits per accedir a pensions de la Seguretat Social en règim contributiu, s'expliquen els requisits d'acces i les incompatibilitats amb altres prestacions i subsidis propies del sistema de Serveis Socials. This paper sets out the non-contributory retirement and disability pensions. Being designed for people with a lack of resources who do not have the requirements to access Social Security pensions in the contributory system, the access requirements and incompatibilities with other benefits and subsidies specific to the Soc…
Sales Channels and Media Digitalization Impact on People Voluntary Savings for Retirement
2019
Due to the implementation of new technologies and orientation on digital solutions the communication and sales channels have changed dramatically. Information and client service on-line availability presents strong advantages for business, state agencies as well as customers. However, lack of personal interaction during the communication and sales process can make it difficult for people to understand and even frustrate their desire for a product or service. The purpose of the research is to analyse the digitalization impact on voluntary savings for retirement in Latvia and make comparisons with other countries. The voluntary pension schemes are the part of pension system and its third pill…
La revisión salarial ante la desaparición del IPC previsto de la LPGE y con un año en deflación (IPC real negativo)
2015
Las cláusulas de revisión salarial, a pesar de su menor uso en la actualidad, siguen siendo el principal referente al que acuden los agentes sociales para modificar el salario durante la vigencia del convenio colectivo. Sin embargo, durante la crisis económica los cambios de tendencia de la inflación y las modificaciones legislativas han creado una serie de conflictos jurídicos que aquí se pretenden analizar. En primer lugar, la aparición del 'índice de revalorización de las pensiones' ha dejado sin funcionalidad práctica la solución que en los últimos años venía dando el Tribunal Supremo para llenar de contenido la expresión convencional 'IPC previsto por el Gobierno'. Sumado a ello, la ex…