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Detail
ArtikelSharing the Burden; The Outlook for Pensions  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 399 no. 8728 (Apr. 2011), page 15-16.
Topik: Pensions; Poverty; Elderly People; Tax
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.65
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikelThis special report has shown how the cost of providing pensions is rising across the developed world as the baby-boomers retire. Rich countries now face difficult trade-offs. They must keep costs in check without condemning many elderly people to decades of poverty. And if they move from a tax-funded system to one dependent on the performance of the stockmarket, more risks and costs will pass to the workers. There is no perfect set of reforms because no two countries are starting from the same place. The OECD finds that the current net replacement rate from all pension income for a worker on average earnings ranges from under 40% in Japan to over 111% in Greece. In a survey conducted by Mercer that ranked the overall pension systems of different countries by criteria such as adequacy and sustainability, no country was awarded an A grade; the best-performing countries (the Netherlands, Switzerland, Sweden, Australia and Canada) got a B. But at least all countries avoided the bottom mark, an E.
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