Reforming Pensions in Europe: Evolution of Pension Financing and Sources of Retirement Income
- Topics:
- Compensation Guide,
- Retirement,
- World Bank
- Tags:
- Benefits,
- Financing,
- Human Resources,
- Income,
- Payroll Solutions,
- Pension
- Source:
- Thomson Gale
Vendor Registration: required
Overview: Across Europe- and indeed in North America - pensions have become hotly debated over recent years, with major policy initiatives from the World Bank and the OECD. Mass protests have occurred in many countries of Europe against governmental attempts to reduce employee rights to pensions, and the failure or termination of company-based occupational pensions. Scandals over pension fund management and pension mis-selling have been widespread. One of the most remarkable aspects of pension reforms-and, it has to be said, unreformed pensions as well-is that the prospect over the next fifty years is for progressively lower levels of pension income relative to earned income (replacement rates).
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