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Saturday, July 25, 2020 | History

11 edition of Sustainability of pension systems in the new EU member states and Croatia found in the catalog.

Sustainability of pension systems in the new EU member states and Croatia

coping with aging challenges and fiscal pressures

by Leszek Kasek

  • 152 Want to read
  • 26 Currently reading

Published by World Bank in Washington, D.C .
Written in English

    Subjects:
  • Pensions -- European Union countries,
  • Pensions -- Croatia

  • Edition Notes

    Includes bibliographical references (p. 39-40) and index.

    StatementLeszek Kąsek, Thomas Laursen, Emilia Skrok.
    SeriesWorld Bank working paper -- no. 129
    ContributionsLaursen, Thomas., Skrok, Emilia., World Bank.
    Classifications
    LC ClassificationsHD7164 .K37 2008
    The Physical Object
    Paginationiv, 40 p. :
    Number of Pages40
    ID Numbers
    Open LibraryOL16717498M
    ISBN 100821373692, 0821373706
    ISBN 109780821373699, 9780821373705
    LC Control Number2007041804

    The need to reform pension systems is one of the key challenges for social policymakers in Europe. This article provides an update of how the EU 28 and Norway are tackling this issue in the face of demographic change, focusing in particular on the involvement of the social partners and governments. In the s, the Croatian pension system underwent similar types of reforms to those of most other CEE states. The country reformed its first pillar and introduced mandatory and voluntary pillars. In the case of Croatia, these reforms took place in the midst of even more dramatic social and economic changes than elsewhere in the region.

      By Zdravko Petak,‎ Kristijan Kotarski. This book examines Croatia’s economic and political transformation over the last 30 years. It brings together the best political scientists, macroeconomists and public finance experts from Croatia to provide an in-depth analysis of the Croatian policy-making context and the impact of Europeanization upon its domestic institutional framework. Thanks to gradually rising life expectancy and a higher state pension age, pension contributions are set to soar around the world. World Finance explores the top five countries with sustainable pension systems, where retirees can live particularly well with their pension pot.. Thanks to rising life expectancy and a higher state pension age, pension contributions are set to soar.

    We reiterate that the sustainability and adequacy of pension systems are very important, and we welcome that, for instance, the European ommission’s Annual Growth Survey calls on Member States to ensure the sustainability and adequacy of pension systems for all. Clearly this requires more supplementary pensions in Europe In reforming their pension systems, many Member States have chosen to make cuts in the first pillar. Financial sustainability is important, but account must also be taken of the need to provide an adequate income. Keeping budgets sustainable and pension systems adequate are not conflicting objectives, but two sides of the same coin.


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Sustainability of pension systems in the new EU member states and Croatia by Leszek Kasek Download PDF EPUB FB2

Sustainability of Pension Systems in the New EU Member States and Croatia: Coping with Aging Challenges and Fiscal Pressures (World Bank Working Papers Book ) - Kindle edition by Kasek, Leszek, Laursen, Thomas, Skrok, Emilia.

Politics & Social Sciences Kindle eBooks @ Skip to main contentManufacturer: world bank publications. Sustainability of Pension Systems in the New EU Member States and Croatia: Coping with Aging Challenges and Fiscal Pressures (World Bank Working Papers)Cited by: 5.

This study finds that pension reforms in recent years have improved the efficiency and sustainability of pension systems in the new member states of the European Union and Croatia. However, for many countries, these probably have not gone far enough to ensure long-term sustainability, given the aging of the population.

"Sustainability of Pension Systems in the New EU Member States and Croatia is part of the World Bank Working Paper series. These papers are published to communicate the results of the Bank's ongoing research and to stimulate public discussion.".

Sustainability of pension systems in the new EU member states and Croatia: coping with aging challenges and fiscal pressures / Leszek Ka ˛sek, Thomas Laursen, Emilia Skrok.

cm.—(World Bank working paper ; no. ) Includes bibliographical references and index. Sustainability of Pension Systems in the New EU member States and Croatia: Coping with Aging Challenges and Fiscal Pressures This report concerns recent pension reforms in Europe.

Over the last decade, pension reform has been a major issue on the political agenda across Europe. “Kąsek, Leszek; Laursen, Thomas; Skrok, Emilia. Sustainability of Pension Systems in the New EU member States and Croatia: Coping with Aging Challenges and Fiscal Pressures.

Sustainability of Pension Systems in the New Eu Member States and Croatia by Leszek Kasek eBook: ISBN X / X ISBN / New not available: Used not available: Rentals not No copies of this book were found in stock from online book stores and marketplaces. Alert me when this book. The aging of European societies is reshaping their population pyramids.

The increase in life expectancy and the decrease in the fertility rate lead to an increasing share of the elderly population. This leads to rising age-related. Reports (European Commission,), the Green Paper (European Commission, ), the White Paper An agenda for adequate, safe and sustainable pensions (European Commission, ) and Pension systems in the EU – contingent liabilities and assets in the public and private sector (European Parliament, ).

growing part of the European Union (EU) population (about million or a quarter of the total1). European pension systems are facing the dual challenge of remaining financially sustainable and being able to provide Europeans with an adequate income in retirement.

The key purpose of pension systems is to protect older people from. A new report suggests that the country's pension system is facing many problems, with its sustainability in particular being flagged as an area of concern. public pension systems, present in most EU member states, are due to a single exogenous factor: demographic trends, the rapid increase in the share of elderly within the population.

Other factors that contribute to this situation, namely the rapid decrease of participation of men in the. A new study by Mercer and Monash Business School has looked into the quality of 37 retirement systems around the world, covering almost two-thirds of the globe’s population.

The Netherlands can pride itself as the globe’s best pension system, followed by Denmark and Australia. pension-related Country Specific Recommendation (C SR) for a majority of Member States every year.

And the Ageing Report shows there has been good progress in making pension systems more sustainable. Overall EU spending on public pensions as a percentage of GDP is now expected to be. According to data from The World Bank, retirees in the six countries with the largest pension systems are living between eight and 11 years longer – and a massive 16 years longer in Japan.

These pensions systems, in the US, UK, Japan, Netherlands, Canada and Australia, were also described as a “global timebomb” in a recent report by the. pension system sustainable. Table 1 summarizes pension system schemes in all EU countries. The first pillar of all the pension systems of EU countries operates to some extent on the PAYG principle and is mandatory.

In Austria, Belgium, Croatia, Czech Republic, Finland, Greece, Hungary. Sustainability of Pension Systems in the New EU Member States and Croatia is part of the World Bank Working Paper : World Bank.

Introduction In addition to its responsibility for the national implementation of sustainable development goals, Croatia is fully committed to comprehensive implementation of Agendaboth within the framework of the United Nations and within the framework of the European Union where, together with other Member States of the European Union, coordinates and develops its views in regard of.

Top 3 in the Allianz Pension Sustainability Index: Australia, Sweden, New Zealand / Thailand is under the highest pressure to reform, followed by Brazil and Japan / More than five places upwards since the last PSI in Ireland, Luxembourg, Romania, Singapore, Turkey, the US and Greece / Dropped significantly: Croatia, France, Hong Kong, Malta, Slovenia and Taiwan.

The European Union pension’s landscape is in need of reforms as the percentage of the EU population covered by decent pension systems is too low, the Chairman of the European Insurance and Occupational Pensions Authority (EIOPA) Gabriel Bernardino told the 9th European Pension Funds Congress, held in Frankfurt on 18th November.In order to enhance fiscal sustainability, while maintaining adequate pension income, most EU Member States have carried out gradual and substantial pension reforms over the last decades.

The intensity of pension reforms has been particularly strong since These reforms generally comprised a wide range of measures.By Heinz P. Rudolph (The World Bank) Since the introduction of the KiwiSaver scheme in New Zealand inseveral countries have implemented, or are in the process of implementing, voluntary funded pension systems with automatic.