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Zusatztext 'Pensions have become an extremely important part of the social system in many countries as life spans increased and people moved away from extended families. The pension systems that flourished in many countries are now in a state of decline. This book provides an important perspective as it looks at what has happened in ten countries and offers policy options for the future.' Anna M. Rappaport! Anna Rappaport Consulting Informationen zum Autor George A. (Sandy) Mackenzie is Strategic Policy Advisor in the Public Policy Institute of AARP in Washington, DC. A Rhodes Scholar, he spent 28 years with the International Monetary Fund (1978–2006) following a year of teaching and three years with the Canadian Department of Finance. Prior to joining the AARP Public Policy Institute, he was a lecturer at the University of California Washington Center. In addition to his book Annuity Markets and Pension Reform (Cambridge, 2006), Mr Mackenzie has published articles in the IMF Staff Papers, Public Finance/Finances Publiques, Finanzarchiv, the IMF Occasional Papers series, and Public Budgeting and Finance, and studies with the Public Policy Institute of California and AARP PPI. Klappentext This book studies developments in employer-provided pensions in ten industrial countries to explain the diminished importance of the traditional pension. Zusammenfassung Many employers in the industrial countries used to provide retiring employees with a pension payable for life based on years worked and salary. This book studies developments in ten countries to explain why the importance of the traditional pension has diminished and proposes remedies to bolster retirement security. Inhaltsverzeichnis Introduction; Part I: 1. The development of employer-provided pensions; 2. The economics of occupational/employer-provided pension plans; 3. Issues in funding and investing; 4. Regulatory issues; 5. Public sector employer-provided pensions and recent innovations in the first tier; Part II: 6. The causes of decline; 7. Policies to address the decline of the traditional pension; 8. Summary and conclusions; Appendix 1. Ten country profiles; Appendix 2. Mathematical treatments and derivations....
