Pension
in sentence
830 examples of Pension in a sentence
A third challenge in the UK is
pension
shortfalls resulting from firms going bust.
For example, when the major government contractor Carillion recently filed for bankruptcy, it revealed that it has a £590 million ($826 million)
pension
deficit, despite having paid out generous dividends in recent years.
Those failing to keep their
pension
balances in the black should have to pay into a bailout fund before they can pursue share buybacks or similar programs.
Parliament watered down a proposal for far-reaching
pension
reform to the point that it borders on useless, and repeated promises to stop subsidizing wasteful energy consumption through low gas prices have not been honored.
Just this past June, for example, France went through a 1968-style month of strikes and street protests only to implement minor
pension
reforms: the elimination of a few special privileges enjoyed by public sector employees.
American states and municipalities do face serious medium- and long-term fiscal challenges from underfunded
pension
and health-care systems, but citizens living in different states have a common national budget, whereas citizens of different eurozone countries face radically different central-government fiscal positions.
Reforms of the labor market, the
pension
system, and those underway or planned in many sectors and professions – all of which generate huge reserves for enhanced growth and, therefore, hope – reflect a profound change in the public’s perception of the country’s long-term needs.
And, as the Global Findex report, using data from India, shows, leakage of funds for
pension
payments declines sharply when the payment is made with smart cards instead of cash.
But, after more than three decades of the one-child policy, retirees cannot reasonably expect nearly as much support, and China lacks a strong
pension
system to pick up the slack.
Work-and-retire or invest-and-retire visas, for example, would encourage expats to save and accumulate
pension
funds – thereby enabling them to contribute even more significantly to the region’s rapid economic growth.
The advantage of a par bond is that Greece’s creditors – banks, insurance companies, and
pension
funds – would be able and allowed to continue valuing their Greek bonds at 100 cents on the euro, thereby avoiding massive losses on their balance sheets.
Anticipation of a reform – say, of
pension
rules, the health system, or unemployment benefits – worries everyone who might feel the impact.
In addition to these ludicrous tax hikes (which also include substantial increases in sales taxes), the Tsipras government has agreed to
pension
cutbacks and fire sales of public assets.
In democracies, courts are heard, and obeyed, even if their judgements affect the original parliamentary power of the purse, as in recent German cases concerning the
pension
entitlements of particular groups.
Moreover, 18.6 million of Italy’s 60 million citizens receive monthly
pension
benefits (though 11 million receive less than €1,000 per month), while only 12 million people are on a full-time permanent work contract.
Significant improvement is needed in mentoring, parental leave, childcare, and elder care, as well as more gender-equal retirement and
pension
schemes.
His agenda appears to aim at domestic liberalization – moving beyond the 35-hour week, ending the special
pension
regimes accorded to particular professions, increasing incentives to work and gain wealth.
This would require Europe's governments to increase their deficits in the short run, while improving the long run outlook through serious
pension
reform.
Worse still, the demographic threat is being heightened by the way most countries finance their public
pension
schemes.
The implicit tax from working another year and forgoing
pension
benefits can sometimes be close to a person's net earnings during that year.
However, early retirement schemes also imply tremendous-and often neglected-costs for government budgets and the
pension
systems by increasing benefit payments while reducing contributions.
Beyond these three immediate issues were long-run policy challenges: updating the country’s
pension
system to deal with an aging population and the decline of defined-benefit pensions; improving the education system so that more people would bear the risk of pursuing higher education; and reversing the erosion of America as a middle-class society.
Nor have we dealt with the likely shortfall of
pension
income and assets in an aging America.
For example, institutional investors, especially insurance companies and
pension
funds, have suffered badly.
Although economic performance in the context of population aging is substantially uncharted territory, it is not hard to understand fears about the fiscal integrity of pay-as-you-go
pension
and health-care systems, and about growth slowdowns in the face of contracting workforces.
Its weakness is somewhat surprising: real incomes are up, and the coalition government that came to power last year has introduced a series of generous welfare measures, including a large increase in the minimum wage, a reduction of the retirement age, and a special top-up
pension
for women with children.
The public
pension
system is unreliable, there is little health insurance available to pay for the high cost of Western-style care, parents must pay tuition for their children’s schooling, there is little credit available for purchases of consumer durable, and buying an apartment requires a large down-payment.
For example, many
pension
systems transfer money from the poor to the middle class, simply because richer people usually live longer.
Another factor impeding QE’s impact in the eurozone is low bond yields, which, by increasing measured pension-fund deficits, make some companies reluctant to invest and thus more likely to raise contribution rates and limit
pension
benefits.
In the United States employee ownership has been promoted by large tax subsidies and by exceptional provisions in
pension
laws.
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