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Pension in sentence

830 examples of Pension in a sentence

Overly generous pension benefits are destabilizing public finances, compromising the intergenerational social contract, and fueling support for far-right populist movements.
When German Chancellor Otto von Bismarck introduced the world’s first public pension system in 1870, the eligibility age was 70, and the average life expectancy was 45.
The standard way to fix this problem is to raise the retirement age or cut pension benefits.
With able-bodied retirees “working” for a pension, consumption patterns among the elderly need not decline, and governments would have more fiscal space to support the most vulnerable.
Popular discontent in Russia has also been inflamed by the authorities’ widely reviled pension reform, which includes an increase in the retirement age.
Those so-called reforms included sharply lower public spending, minimum-wage reductions, fire-sale privatizations, an end to collective bargaining, and deep pension cuts.
Pension expenditures account for over 16% of GDP, and transfers from the budget to the pension system are close to 10% of GDP.
We believe a reduction of pension expenditures of 1% of GDP (out of 16%) is needed, and that it can be done while protecting the poorest pensioners.”
Pension payments now account for 16% of Greek GDP precisely because Greece’s economy is 25% smaller than it was in 2009.
Moreover, facing distorted domestic bond prices stemming from unconventional policy, pension funds and insurance companies may look to buy them in less distorted markets abroad.
Traditional economic remedies, like diversification of ownership, increased efficiency, access to basic education or a minimal pension, have scant impact on resolving these problems.
We have to extend our single market to services and energy, change unaffordably generous pension arrangements, invest more in research and development, reform our universities, and channel more money to the job-creating industries of the future, like environmental technology.
Money put into banks and other financial intermediaries (such as pension and insurance funds) can finance productive activities or short-term speculation (for example, consumer loans and real estate).
More generally, governments should expand the role of national and multilateral development banks (including the regional development banks for Asia, Africa, the Americas, and the Islamic countries) to channel long-term saving from pension funds, insurance funds, and commercial banks into long-term public and private investments in twenty-first-century industries and infrastructure.
Various estimates by private-sector economists and World Bank officials suggest that the government’s accumulated “net implicit pension debt” could balloon to 75-110% of GDP.
Even when investors accept the intellectual case for much higher bond yields, regulatory impositions on banks and pension funds, together with quantitative easing in Japan and Europe and other forms of financial repression, will ensure continuing demand for government bonds at prices far above any reasonable estimate of fundamental values.
The US Chamber of Commerce opposes all such proposed rules as “politically motivated,” because the pressure to require disclosure of election-related corporate spending does not come from institutional investors, but from government pension funds controlled by elected officials.
Though potential sources for climate-friendly development financing now include pension funds, insurance companies, foundations, and sovereign wealth funds, what is often missing are mechanisms to ensure that investments are channeled into well-targeted and effective projects.
And in September, three major pension funds from North America and Europe announced plans to increase their holdings in low-carbon investments by more than $31 billion by 2020.
Their domain encompasses banks, other depository institutions, insurance companies, securities firms, pension funds, finance companies - indeed, just about any entity that conducts financial transactions.
An exception may be prudential (safety-and-soundness) standards for banks, insurance companies, and some forms of pension plans, which should be tough, because national governments almost always will bear the losses in the event of failures of these types of financial institutions.
In the US there are three national agencies that regulate commercial banks, one that regulates savings institutions, one that regulates credit unions, one that regulates securities markets, one that regulates commodity and financial options/futures markets, and two that regulate pension funds.
These needs should be covered mostly by long-term, low-interest-rate loans from China, Europe, and the US, as well as by mobilizing African countries’ long-term savings (through, for example, the introduction of new pension systems).
Another source of domestic resources is the roughly $380 billion in pension assets held by just ten African countries.
Securitization – putting large numbers of mortgages together to be sold to pension funds and investors around the world – worked only because there were rating agencies that were trusted to ensure that mortgage loans were given to people who would repay them.
In Japan, for example, existing public debt is near 100%, but there is an extra 150% of GDP in net pension liabilities.
Lack of recovery in Japan means that budget deficits are huge, too, and so are pension payments to a rapidly aging population.
Moreover, social protection must be extended to migrant workers, whose participation rate in basic medical insurance in 2009 was 13.1%, while 9.8% were covered by the state pension scheme and just 3.7% had unemployment insurance.
Bachelet has also vowed to reform the tax system to reduce inequality, strengthen the state’s role in the pension system, and improve the quality and coverage of the health-care system.
In her first term, Bachelet adopted draconian but fiscally responsible policies, generating huge government surpluses that were earmarked for an ambitious pension reform and a rainy-day sovereign wealth fund.
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