Pension
in sentence
830 examples of Pension in a sentence
The way to cure an ailing
pension
system is to cut pensions.
And further cuts in pensions will not address the true causes of the
pension
system’s troubles (low employment and vast undeclared labor).
Our government is eager to rationalize the
pension
system (for example, by limiting early retirement), proceed with partial privatization of public assets, address the non-performing loans that are clogging the economy’s credit circuits, create a fully independent tax commission, and boost entrepreneurship.
Throughout the world, standards for reporting national-accounts statistics focus attention on a linguistic construct, official debt, rather than on the economically meaningful infinite-horizon fiscal gap, where
pension
and health-care liabilities exact a heavy toll.
Risk would be further mitigated through the participation of large, influential investors, including sovereign wealth funds,
pension
funds, and possibly international financial institutions.
For projects judged to be secure, the platform could act as a catalyst for long-term investments typical of institutional investors and
pension
funds.
The real effects of the dual-currency regime on Greece’s economy and society can be gleaned only from the pernicious interaction between the capital controls and the “reforms” (essentially tax hikes,
pension
reductions, and other contractionary measures) imposed on the country by the eurozone authorities.
In the early 1970’s, when public-service
pension
schemes were first substantially reformed, the life expectancy of a 60 year old had increased to about 18 years.
First, they unfairly benefit high flyers, who can receive up to twice as much in
pension
payments per £100 of contributions.
Second, they expose taxpayers to the risk that salaries will rise more quickly than expected, which would increase
pension
cost.
In an equal-value career-average scheme, the bottom 10% of
pension
benefits would be almost 90% higher than those from a final-salary scheme.
The top 10% of
pension
benefits would be about 6% lower.
The first way to do this is to link
pension
ages in most of these schemes to the state
pension
age, thereby reflecting changes in life expectancies and controlling longevity risk.
The only exceptions would be members of the armed forces, police, and firefighters, where the unique nature of the work suggests that a
pension
age of 60 would be more appropriate.
My final report attempts to chart a course that addresses the concerns about sustainability and affordability, but that does not imply a downward spiral in
pension
provision for the millions of people who serve the UK well.
Gerhard Schroeder in Germany has now slashed corporate taxes, is encouraging startup companies, and promises to provide tax breaks for private
pension
plans.
Other initiatives are a program of allowances, training and placement for the laid-off; unemployment insurance (which, unfortunately, depends on the economic health of the firm to which a worker was once attached); and
pension
reform--having similar problems.
And the familiar cliché is all too often true: older middle-class women fail to become financially literate in their own households, leaving brokerage accounts,
pension
accounts, taxes, life insurance, and so on to their husbands.
Equity holdings are somewhat more concentrated, but many middle class Americans have still benefited indirectly through their
pension
funds.
Attracting and retaining this foreign talent will become harder after Brexit, when EU workers moving to Britain will no longer be able to take their
pension
rights with them, and the other conveniences of a single labor market are lost.
Pension
funds, mutual funds, and investment banks are all long in the stock market.
Many long-term investors, like insurance companies and
pension
funds, have no alternative, as they are required to hold safer bonds.
Of course, negative returns make their balance sheets shakier: a defined-benefit
pension
plan needs positive returns to break even, and when most of its assets yield a negative nominal return, such results become increasingly difficult to achieve.
Moreover, all of Greece’s structural problems – a thin tax base, large numbers of government employees who receive bonus payments, and generous
pension
benefits – cannot be sustained within the eurozone.
Specifically, a variety of social contracts – for example, health-care and
pension
entitlements, as well as unemployment benefits – will come under greater strain.
The main question is whether privatizing
pension
systems, as President George W. Bush has proposed for Social Security in the United States, would solve the problem or merely make matters worse.
America’s troubled private
pension
system – now several hundred billion dollars in debt – already appears headed for a government bailout.
America and the world should remember: Argentina’s privatization of its
pension
system was at the center of its recent fiscal woes.
For starters, a Greek exit from the eurozone may have been only postponed, not prevented, as
pension
and other structural reforms put the country on a collision course with its European creditors.
In developing countries alone,
pension
funds, insurance companies, and mutual funds hold assets worth more than $6 trillion, and these assets are growing at an annual rate of 15%.
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