Pension
in sentence
830 examples of Pension in a sentence
Not only are fixed salaries revealed, but so are bonuses, fees for serving on boards of directors, returns on stock options,
pension
packages, and other perks, such as corporate jets or chauffeur-driven cars.
In June, Antoine Zacharias, chairman and CEO of Vincy, France’s biggest public concessions and construction company, was obliged to resign when a majority of the board of directors judged his remuneration to be outrageous: €4.3 million in salary, a €13 million retirement bonus, a €2.2 million pension, and an estimated €173 million in stock options.
First, the public is increasingly aware that urgent and straightforward policies are desperately needed in the areas of
pension
and healthcare payments, and in state organization.
Given adverse demographics in the advanced world, slowing productivity, and rising
pension
obligations, it is very hard to know what the endgame of soaring debt would be.
Gathered into pension, investment, and hedge funds, shareholders can place considerable pressure on companies to extract dividends, using performance-based bonuses to gain executive support for their preferred policies.
As a result, Italy has started implementing labor, pension, and administrative reforms that were unthinkable in the past.
At the same time, Japan’s demographic trends will boost demand for fiscal expenditure, as
pension
and health-care costs rise.
Government policies can target private saving directly, by creating incentives for saving through appropriate tax and
pension
policies.
As countries’ populations age and their fertility rates collapse, more migration will be necessary to ensure economic competitiveness and finance
pension
and health-care systems.
If the economy grows rapidly, there will be no problem; if it does not, a
pension
crisis looms.
If personal
pension
accounts or provident funds are invested in GDP-linked bonds, the payments that retirees receive in 25 years will reflect the growth rate of the economy – and that of the tax base – to that date, which all makes good sense.
Sweden’s
pension
system recently created a link between national income growth and benefits, but the reforms did not include creating GDP-linked bonds, a natural adjunct to such a scheme.
In 2013, institutional investors in OECD countries alone held more than $57 trillion in assets, and
pension
funds collected around $1 trillion in new contributions.
Because deflation drives up the real burden of sovereign debt and public non-debt liabilities such as
pension
systems, its emergence would undermine the already fragile state of many countries’ public finances and kill growth.
But the bigger challenge is the unfunded non-debt liabilities in
pension
funds and social-security systems, which are estimated to be four times or more the size of sovereign debt.
The public should understand the crucial difference between a one-time transfer to old workers at the start of market reform, and a long run
pension
policy.
In institutional terms, long-term reform should aim for a shift to a
pension
system based on individual savings accounts, as in Chile, as opposed to the current state run, pay-as-you-go
pension
systems.
The privatization process can be linked to
pension
reform by earmarking privatization revenues or enterprise shares now held by the state to help finance the change over to a private, individualized
pension
system.
Various governments have flirted with
pension
reforms, but none has progressed far and still survived the electoral test.
Reformers, politicians, and international advisors should focus on improved public understanding and on innovative transitional strategies for
pension
fund reform in order to undo the continuing fiscal legacy of the ancien regime.
Meanwhile, the development bank’s dividends would be channeled into the long-suffering
pension
funds, which were abruptly de-capitalized in 2012 (owing to the “haircut” on their holdings of Greek government bonds).
In this scenario, the task of bolstering social security would be completed with the unification of
pension
funds; the surge of contributions following the pickup in employment; and the return to formal employment of workers banished into informality by the brutal deregulation of the labor market during the dark years of the recent past.
Promises have since been augmented with
pension
hikes and old-age health-care commitments for public-sector workers.
The country’s
pension
system emphasizes private saving and individual responsibility.
A major reason for the accelerating growth in government debt is America’s rapidly aging population and the resulting increase in the cost of the universal
pension
and health-care programs – Social Security and Medicare.
The Democrats’ sign, by contrast, says, “We won’t reduce your
pension
or health benefits, but the Republicans will.”
And then, when the government reduced the size of the absurdly expensive, but popular, funded
pension
system (2011-2014), Tusk attempted to compensate voters by pumping all additional free resources into family benefits.
Performance-Based Pensions for PoliticiansNEW YORK – When the Speaker of the US House of Representatives, Paul Ryan, retires at the end of his term in January, he will likely qualify for an annual government
pension
of more than $80,000.
A
pension
is a long-term commitment from the state – and, ultimately, the taxpayer – to an individual politician.
If they are truly confident that the policies they support will benefit the public, politicians should be willing to put their
pension
– or, at least part of it – on the line.
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