Retirement
in sentence
671 examples of Retirement in a sentence
(Replacement rates in other developed countries are in the 70% range, compared to a benchmark of 80% recommended by
retirement
experts.)
Addressing the looming
retirement
crisis in the US requires increasing worker coverage in employer-based plans.
Indeed, recent research indicates that automatic enrollment is much more effective than tax incentives for increasing
retirement
saving.
But many employers do not offer
retirement
plans, while almost all workers are eligible for tax-advantaged IRAs.
As Obama has proposed, employers that do not offer
retirement
plans should be required to offer automatic contributions to their workers’ IRAs through regular payroll deductions.
The California plan, based on a proposal by Teresa Ghilarducci and her colleagues, would automatically enroll eligible employees, defined as private-sector workers at firms with five or more employees that do not offer
retirement
plans.
Under this scheme, each worker would have an individual account balance (treated as an IRA from a tax perspective), but the assets that secure the plan’s benefits would be held in a pooled trust, with a real return guaranteed by private insurance and paid out as an annuity upon
retirement.
The countries that outrank the US on the global
retirement
index in terms of coverage, adequacy of benefits, and long-term sustainability have national pension plans in addition to their basic social-security-type programs.
In the US, making saving easier and more financially rewarding through better-targeted tax incentives, matching government contributions, automatic IRAs, and state-wide
retirement
plans would help boost
retirement
savings, especially for low- and middle-income households.
The current obsession with government deficits and budgetary constraints should not deflect attention from the need for reforms that address the looming
retirement
crisis confronting many Americans.
Since young Europeans would rather work in a shop than a
retirement
home, persuading them otherwise would require a huge wage hike.
Moreover, pension funds,
retirement
plans, and non-profit organizations, which receive about 50% of all corporate dividends, do not pay tax on these earnings, and would benefit from a lower corporate-tax rate.
Another problem is that the low interest rates generated by advanced-country central banks’ unconventional monetary policies have led to the “decapitalization” of long-term pension funds, thereby reducing the flow of
retirement
income into the economy.
In many emerging economies, including China, widespread fear of insufficient
retirement
income is fueling high household saving rates.
Gore prefers to maintain the system essentially as it is and to use the budget surplus to eliminate the deficit in the pension system that will open in the second decade of this century, when a wave of baby boomers reaches
retirement
age.
Fueled by research, the past few years have witnessed the development of increasingly cleaner and more energy-efficient coal-fired generation plants and the
retirement
of older technologies, especially in the developed world.
They should also reinstate President Barack Obama’s fiduciary rule, which would have required professional financial advisers to put their clients’ interests first when advising them on assets invested in
retirement
plans.
If the barriers to private investment in urban infrastructure could be overcome, the world would benefit from lower CO2 emissions, faster economic growth, and sounder
retirement
savings.
Instead, after four years of falling real incomes, the government announced deeply unpopular pension reforms, which included an increase in the
retirement
age.
Though there is a consensus that the
retirement
age should be raised from 60 to 65, there is strong resistance to cutting benefits.
Italy and Germany are headed toward a ratio of one retiree per worker; without more rapid GDP growth, new immigration policies, higher
retirement
ages, and efforts to stem the increase in welfare spending, taxes will inexorably rise from already damaging levels.
To uphold those values, France and Germany must join forces to rediscover and reinvent Europe’s social model, starting with concrete initiatives in the fields of minimum-wage standards, labor-market policies, retirement, and education.
As a result, both the public and private sectors must accept the need for additional investments, as well as the potential costs of early capital retirement, in order to accelerate this process and deliver deep cuts in emissions.
Households, burdened with debt while their
retirement
savings wither and job prospects remain dim, have spent only a fraction of the tax cuts.
With American home values and
retirement
savings falling and Chinese unemployment numbers rising, observers worry that neither America nor China will have much appetite to cut emissions.
It certainly did not serve homeowners who are losing their homes, workers who have lost their jobs, retirees who have seen their
retirement
funds vanish, or taxpayers who paid hundreds of billions to bail out the banks.
Moreover, anxiety over inadequate provisions for
retirement
and health care is set to intensify as a rapidly aging population now enters the most vulnerable phase of its life cycle.
Raising the
retirement
age to 67, abolishing wage indexation, and compelling countries to enshrine a debt brake in their national constitutions are reasonable measures to enhance competitiveness and restore confidence in the euro.
According to Bloomberg, a French official told reporters at the summit that there was no question of that after the
retirement
age was lifted to 62 from 60 last year.
The lack of consensus on basic features of an economic framework – be it a
retirement
age commensurate with Europe’s demographic outlook or a legislative commitment to budgetary discipline – makes one wonder how eurozone countries could enter a monetary union in the first place.
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