Pension
in sentence
830 examples of Pension in a sentence
And, indeed, well-chosen nudges have been shown to be extremely effective in altering choices that make a substantive difference to the lives of many (say, enrollment in
pension
plans).
The populist Five Star Movement, which won by a landslide in Southern Italy, has promised to increase spending on public investment and social transfers, while reversing the
pension
reform enacted a few years ago.
The League party, which captured the North, also promises to dismantle the
pension
reform, as well to cut taxes, and has openly mooted the idea of leaving the euro.
In addition, Finance Minister Anton Siluanov has said that the government must use this year’s
pension
contributions for projects in Crimea, while some highway construction has been postponed indefinitely.
The government now says that it will expropriate next year’s
pension
contributions as well (Deputy Minister of Economic Development Sergei Belyakov was fired after publicly apologizing for the move).
At the same time,
pension
reform – including adjustments in how benefits are indexed to inflation – will ease some of the pressure on the public budget.
Moreover, UK
pension
funds are reporting large deficits due to the collapsing value of their equity holdings.
This casts doubt on the UK's "solution" to the problem of
pension
sustainability, which had given the UK immunity from criticism by the European Commission for budget over-runs.
The ongoing
pension
reform – both extremely sensitive and of paramount importance for the future of the Greek social-security system – has been the most heated subject of debate.
The government’s proposals have three aims: to guarantee that future generations will receive a pension; to ensure that all employed people are entitled to receive a national pension; and to minimize the cost of the system and make it self-sustaining.
Over the last five years, some 325 different
pension
schemes have been merged into 11, but not in a way that has contained costs.
The government has also introduced regulations that will take into account the length of time an employee or self-employed worker paid into the
pension
system and how his or her income has changed over time.
Broadly speaking, the idea behind the reform is to link future
pension
increases with the overall performance of the economy.
The bottom line is that Europeans should worry and talk less about the Euro exchange rate, and spend the time they save trying to address their real problems: low productivity, market rigidities, fiscal polices constrained by the Stability Pact, and bankrupt
pension
systems.
Limited
pension
reform has been passed.
Large groups of "outsiders" (young unemployed and first time job seekers, temporary workers, shopkeepers and other self-employed) do not see these supposed benefits because they lack a stable and protected job, or do not qualify for unemployment insurance, or are too young to benefit from public
pension
systems.
But trying to reduce it now will be a net burden on future generations: income will be lowered immediately, profits will fall,
pension
funds will be diminished, investment projects will be canceled or postponed, and houses, hospitals, and schools will not be built.
Despite the introduction of individual accounts 20 years ago, China’s
pension
system effectively still functions on a pay-as-you-go basis.
With very low interest rates reducing the rate of accumulation of
pension
assets, all but the wealthiest households will probably have to boost savings and/or reduce consumption, now and in the future.
Other countries should focus on improving the conditions for long-term savings, such as through occupational
pension
schemes.
In fact, about $4.5 trillion of US federal debt is held by domestic investors, including retirees,
pension
funds, financial institutions, and insurance companies – groups whose considerable political clout ensures that no administration would risk allowing inflation to spin out of control.
First, the newcomers share a problem that undermined the social market model in Western Europe: demographic decline and, consequently, the prospect of soaring health and
pension
costs.
So the need to reform health and
pension
systems is similar in all of these countries.
Take
pension
reform, which aims to reduce the scope of state-run, pay-as-you-go systems and expand private, fully funded schemes.
The result is a temporary increase in budget deficits; the fiscal benefits appear only when private schemes start taking over
pension
liabilities from the state-run systems.
Some EU countries - particularly new members in Central and Eastern Europe - have committed themselves to use privatization receipts to finance
pension
reform.
Economic ministers suggested that
pension
reform and long-term fiscal sustainability should also guide country evaluations under the SGP, while some countries insisted that it should be linked to the Lisbon agenda.
An obvious indicator that would meet this purpose is the implicit debt of public
pension
systems - i.e., the present discounted value of all future
pension
expenditures under existing legislation.
The only way to restore growth without compromising the future is through
pension
reform that reduces future outlays from the state-run system.
Of course, any estimate of the implicit
pension
debt requires caveats and arbitrary assumptions.
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