Pensions
in sentence
439 examples of Pensions in a sentence
But this approach is hardly progressive, as the final holders of pensions, insurance contracts, and bank deposits are typically the beleaguered middle class and the elderly.
Areas of focus include competition, consumer protection, innovation and entrepreneurship, insurance and pensions, education, governance, and trade.
This can take the form of direct compensation or greater provision of free or semi-free public goods (for example, education, retraining, health care, unemployment benefits, and portable pensions).
The Politics of Young and OldPARIS – If one considers some of today’s main challenges – including climate change, pensions, public debt, and the labor market – an obvious conclusion emerges: It is relatively much worse to be young today than it was a quarter-century ago.
Future
pensions
represent another form of debt.
But the baby boomers (those born from the mid-1940s to the mid-1960s) paid little into the PAYG schemes because economic growth, population size, and their parents’ low life expectancy made financing
pensions
easy.
On all of these issues – climate, debt, pensions, and jobs – the younger generations have been made relatively worse off by developments over the last quarter-century.
But other proposals carry bigger risks, notably the privatization of retirement pensions, which is talked about in many countries, and that some – including Great Britain, Chile, Sweden, and Mexico – have already put in place, at least partly.
But do we really want to extend such policies to areas like pensions, health care, and education?
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.
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).
At a private gathering of top business and political leaders in Paris a few weeks ago, he said, “You Europeans are becoming a Third World country, you spend time on the wrong subjects –the constitution, the welfare state, the
pensions
crisis – and you systematically give the wrong answers to the questions you raise.”
Pensions
are a second area for serious reform.
Privatizing pensions, or some substantial part of them, will impact domestic savings and thus the demand side of the capital markets.
Last year, I accepted the UK government’s invitation to undertake a review of public-service
pensions.
More than 12 million people in the UK are dependent in some way on public-service
pensions
for their retirement income.
These
pensions
are a vital part of Britain’s national savings infrastructure.
My role was to find a way to sustain high-quality
pensions
that could set a high standard of fairness and adequacy, but that could also remain affordable to taxpayers – who, after all, pay the lion’s share of the costs of public-service
pensions.
Balancing these objectives remains the key challenge: public-service
pensions
must not become an unsustainable burden on public finances and the wider economy, but they must also deliver decent incomes that minimize the need for retired public-service workers to rely on state welfare benefits.
In an interim report, I highlighted recent reforms to public-service pensions, which, however, have not gone far enough in dealing with the issue of rising life expectancy and growing costs.
Current public-service
pensions
are almost all defined-benefit schemes based on a worker’s final salary.
Taken as a whole, the reforms I propose should deliver a fair and sustainable public-service
pensions
system.
Generally the causes are these: unpaid wages and pensions; sudden and massive job terminations; and management corruption held responsible for the bankruptcy of industrial enterprises--where discharged workers were secure, enjoying privileges and benefits, since the 1950s.
Making Old Age Less SafeIt is almost an optical illusion: looming on Japan’s horizon, and on Europe’s and on America’s, is a
pensions
crisis.
The EU, usually so keen to shrink my ministry’s outlays on wages and pensions, did not exactly embrace my decision.
The EU’s member states retain power over the most sensitive political issues, including taxes, health, education, pensions, the labor market, and foreign policy.
But Bild has already proven that it can do serious investigative work, such as exposing how Russia propped up the Donbas region’s economy after it broke away, paying salaries and
pensions
and funding job-creation efforts.
Some timid measures have been implemented, but the general feeling among Germans is best described by the following answer to a survey conducted two months ago by the newspaper Die Welt : “47% of those interviewed plan to cut consumption due to the uncertainty about
pensions
and health reform.”
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.
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