Example collocations logo

Pensions in sentence

439 examples of Pensions in a sentence

The call for enhanced social security is consistent with the Third Plenum’s proposal to allocate 30% of state-owned enterprises’ profits to fund safety-net programs such as pensions and health care.
Moreover, the baby boom generation is now retiring at a rate of about 10,000 people per day, meaning that Medicare and Social Security outlays – for health insurance and pensions, respectively – will increase rapidly.
They feared that the government would never be able to pay their pensions when due.
An aging population means more retirees – expecting publicly provided pensions – relative to the number of economically active people.
Spending slumped toward 1% of GDP, with the majority going to salaries and pensions.
The net result of these economic and demographic shifts is that a growing share of national income is now being directed to provide health, pensions, and other forms of basic support, while a declining percentage of citizens in nearly every society is now working to support a growing number of fellow citizens.
The German government’s anger with Greece reflected the public mood and Chancellor Angela Merkel’s own pressing need to cut the country’s budget deficit by reforming social security, pensions, education, and banking.
The retirees enjoying a second youth may not want to hear it, but it is past time that governments made public pensions partly conditional on community work.
Across Europe, potential debt obligations due to unfunded pensions range from 90-360% of GDP.
In Italy, some retirees receive pensions that are 2-3 times higher than their working-age contributions would entail.
Whatever is paid out in pensions would be at least partly offset by reduced public-sector wage costs.
Asking governments to cut pensions at a time of rising job insecurity is a political nonstarter, whereas continuously promising more benefits is financially suicidal.
The IMF and Greece’s other creditors have assumed that massive fiscal contraction has only a temporary effect on economic activity, employment, and taxes, and that slashing wages, pensions, and public jobs has a magical effect on growth.
But, rather than recognizing this reality and adjusting accordingly, Blanchard doubles down on pensions.
He writes:“Why insist on pensions?
Pensions and wages account for about 75% of primary spending; the other 25% have already been cut to the bone.
Note first the damning admission: apart from pensions and wages, spending has already been “cut to the bone.”
So, in defiance of overwhelming evidence, the IMF now wants to target the remaining sector, pensions, where massive cuts – more than 40% in many cases – have already been made.
Without five years of disastrous austerity, Greek GDP might be 33% higher than it is now, and pensions would be 12% of GDP rather than 16%.
To get pensions down by one percentage point of GDP, nominal economic growth of just 4% per year for two years would suffice – with no further cuts.
High taxation supports comprehensive national health care, education, pensions, and other social services, resulting in low levels of poverty and a relatively narrow income gap between the richest and poorest households.
With a rapidly aging population and a shrinking workforce, tax revenue will contract, while expenditure on pensions and health care will expand, undermining the fiscal position.
And local experts facilitated the examination of 14 aspects of Foshan’s growth over the last 35 years: industry, land, transport, electricity, water, finance, employment, governance, planning, public finance, education, housing, health care, and pensions.
With revenues plummeting and credit cut off, the Argentine provinces had to resort to printing scrip to pay salaries and pensions.
Among the expenditures that will come up for review are pensions, as social security expenditure probably reached close to 8% of GDP last year.
Now consider the alternative structure of multiple financial regulatory agencies - say, one for banks, another for other deposit institutions, yet another regulator for insurance, another for securities, maybe another for pensions.
In any case, the lions share of public expenditures goes to pensions, transfers, and public sector salaries.
As the experience of developed countries has shown, long-term fiscal commitments, such as universal pensions and health care, can be easy to make, but difficult to fulfill.
And cutting pensions and health care for the elderly certainly qualifies as extreme – as well as completely inappropriate and unnecessary.
But tax cuts that must soon be reversed--due mainly to demographic pressure on public pensions and healthcare--are unlikely to stimulate demand as consumers lose confidence in government's ability to control deficits.
BackNext