Pension
in sentence
830 examples of Pension in a sentence
Moreover, the Commission has already worked to harmonize the assumptions needed to forecast public
pension
outlays and achieve cross-country comparability.
Finally, to strengthen cross-country comparability further, the benchmark should be variations in the stock of
pension
debt under given economic and demographic assumptions, rather than the debt level itself.
There is also a more fundamental reason to focus on future variations in the stock of
pension
debt associated with
pension
reforms: the EU has no business interfering with
pension
liabilities of individual member states.
Why should the rest of Europe care if, say, Spain preserves a generous
pension
system?
The extra focus on implicit
pension
debts would also help to inform citizens.
The good news is that these surveys ( www.frdb.org ) suggest that better-informed citizens are more supportive of reforms and official estimates of the implicit
pension
debt would increase the transparency of the intergenerational redistribution implicit in pay-as-you-go systems.
But it is not only local governments that have benefited; through cash transfers created during the so called neo-liberal years, families have gained as well, most importantly through a universal and non-contributive old-age
pension
benefit given to persons over 60, which reaches slightly more than 30% of households.
After all, South Korea already has major new expenses on the horizon, beginning with rising health-care and
pension
costs, owing to a rapidly aging population.
A majority of today’s French recognize that raising the retirement age is necessary to ensure the survival of the
pension
system.
As a condition of the new eurozone loan program, Germany is forcing Greece to raise its
pension
age – while it lowers its own.
The ECB, however, will have a harder time making the case for wealth effects, largely because equity ownership by individuals (either direct or through their
pension
accounts) is far lower in Europe than in the US or Japan.
The government should gradually increase the retirement age for new workers, crack down on evasion of social-security contributions, and accept the no-deficit principle for supplementary
pension
funds.
But economic and social common sense demand that the troika allow a transition phase, because
pension
cuts will be recessionary.
But if market fundamentalism blocks expansionary macroeconomic policies and prevents redistributive taxation or public spending, populist resistance to trade, labor-market deregulation, and
pension
reform is bound to intensify.
With the dependency ratio – the proportion of children and pensioners relative to working-age men and women – set to rise rapidly in the coming years, economic growth will remain subdued, while health-care and
pension
costs will increasingly strain government budgets.
As a result, even when Greece fails to comply with its creditors’ demands – for, say, tax hikes or
pension
reforms – it continues to receive assistance with few penalties.
But, unlike in the past, crumbling
pension
systems can no longer absorb such labor-market shocks.
And they often appeal directly to older voters by promising to lower the retirement age and expand
pension
benefits (both are flagship policies of the League).
Last month, a coalition of unions, public
pension
funds, state treasurers, and others established the Investors for Opioid Accountability.
He has also launched a major and long-overdue reform of the
pension
system and higher education.
Just ask an older person with an inadequate (or nonexistent)
pension
whether his present welfare is worth less than his past consumption.
What has become apparent lately is the power that boards of companies – as well as large investors, like
pension
and sovereign-wealth funds – have to help stop it.
Private banks, insurance companies,
pension
funds, and so on have limited appetite for building up liquid dollar claims on foreigners when their own liabilities – deposits, insurance claims, and
pension
obligations – are denominated in renminbi.
Argentina, the international financial system’s enfant terrible , could always be relied on to produce a gimmick to spook investors – in this case a nationalization of its private
pension
funds.
The very low interest rates that now prevail have driven investors to take excessive risks in order to achieve a higher current yield on their portfolios, often to meet return obligations set by
pension
and insurance contracts.
International
pension
funds, mutual funds, German corporate
pension
plans, as well as insurance companies already play a leading role on the German stock market, and calls for corporate managers to focus on increasing shareholder value (as opposed to the older, more consensus-oriented corporate policy) are getting louder -- not only on the trading floor, but also in the boardroom.
When German Chancellor Otto von Bismarck invented the world’s first statutory
pension
scheme in 1889, he set the eligibility age at 70; few people were expected to live long enough to collect benefits, and certainly not for many years.
Moreover, reducing public-debt levels will become more difficult unless there is a miraculous revival in economic growth, which current
pension
policies makes less likely every year.
Public policy is one part of the problem, but corporate behavior has been an even bigger obstacle to commonsense
pension
reforms.
That funding gap would disappear, if European
pension
funds allocated just 0.6% more of their capital under management to venture investments.
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