Pension
in sentence
830 examples of Pension in a sentence
This imbalance has already driven some governments to raise their retirement ages and change their
pension
policies to delay or reduce benefits and keep people in the workforce.
The same is true of China’s retirement system: the workforce’s enrollment rate is around 50%, but only $600 of assets per worker (in national, local government, and private
pension
schemes, combined) are available to cover lifetime retirement benefits.
As the journalist and author Michael Lewis emphasized in his bestseller Flash Boys, the risks created by high-frequency trading on the financial returns of our lumbering, twentieth-century
pension
funds are far-reaching.
A back-of-the-envelope calculation suggests that paying 500,000 soldiers the current average Russian monthly wage of $700 would cost about $5.6 billion a year (including all taxes and
pension
contributions).
Under the right conditions, the balance sheets of
pension
and sovereign-wealth funds could also be tapped to fund investment.
But the impact has been limited, owing to the authorities’ ability to stuff debt down the throats of captive local banks, insurance companies, and
pension
funds.
In view of the foreseeable demographic risks from
pension
entitlements, a time bomb may now have been set ticking.
(And, of course, tax cuts and
pension
hikes never go down badly with voters.)
The French government, in this same spirit, has gone after public-sector workers’ extravagant
pension
benefits, as well as the legal retirement age, trying to increase it from 62 to 65.Anybody can grasp how child benefits for the wealthy or retirement at only 62 is unjustifiable.
The chances for increased scale and competitiveness of key financial sectors, such as insurance,
pension
funds, and equity markets, will be real.
When there is no yield in fixed income, even the most conservative
pension
funds pile into risk assets, driving prices higher and higher.
Labor unions have long pointed with satisfaction at hard-won contracts that specified a defined-benefit
pension
for their members.
In the US, union failure to represent members’ interests adequately contributed to a major
pension
default at the Studebaker Corporation in 1963.
Moreover, the risks to
pension
funds may correlate with risks to other economic factors affecting specific groups of workers.
Through regulation and administrative directives, banks, insurance companies, and
pension
funds are being forced to hold much higher shares of government debt than they might voluntarily choose to do.
Needless to say, addressing this problem would also ease some of the pressure on
pension
systems.
Among his few successes are state-employee
pension
fund reforms, which will save the system from bankruptcy.
On the expenditure side, Brazil needs a new round of
pension
reform – clearly a priority, given the rapid aging of the population.
Reforms will need to include both increases in the retirement age and changes in benefits, especially the de-linking of the minimum
pension
from the minimum wage.
In addition, in many countries, including France, Ireland, and Portugal, governments have raided
pension
funds in order to finance their budget deficits.
The UK is poised to take similar action, “allowing” local government
pension
funds to invest in infrastructure projects.
The beneficial effect on the risk-return options available to investors/savers (including
pension
funds) will outweigh the higher cost of debt; indeed, an important subset of growth engines in the tradable sector is not dependent on low-cost debt.
In an ideal steady state,
pension
regimes would not redistribute income across cohorts born at different points in time.
Countries where
pension
reforms were introduced early have been able to limit the resulting burden on the young and keep the balance between generations approximately fair.
Young people in the US who opt for it would see most of the traditional
pension
benefit replaced when they retire decades from now with proceeds from personal accounts that they would be free to allocate among a range of investments, including stocks.
If Italy’s president, Sergio Mattarella, succeeds in pushing for a government of national unity, he should put the brain drain problem at the top of the political agenda, along with the labor market, the financial sector, and the
pension
system.
A misconceived
pension
system is at the heart of the problem: Brazil spends more than 13% of GDP on pensions, more than any large industrialized nation except Italy, where the population is much older than in Brazil.
On the other hand, when the foreign assets of the country are held not by households, but by institutions, such as
pension
funds, they can be identified and taxed.
The
pension
system is ailing.
The previous reform program, which our partners are so adamant should not be “rolled back” by our government, was founded on internal devaluation, wage and
pension
cuts, loss of labor protections, and price-maximizing privatization of public assets.
Back
Next
Related words
Funds
System
Government
Their
Reform
Public
Which
Insurance
Would
Systems
Companies
Benefits
Investors
Retirement
Reforms
Countries
Private
Assets
Health
Years