The traditional (final or average salary) pension that employers have provided their employees has suffered a huge decline in labor force coverage in the United Kingdom and the United States, and less severe declines in Canada and elsewhere. The traditional pension provides a precious measure of retirement security by paying retirees an annuity for life. This study compares developments in the countries just named and in Australia, Denmark, Germany, Japan, Netherlands, Sweden, and Switzerland to explain the forces behind the decline of the traditional pension and to contrast the experience of public sector employer-provided plans, where it remains dominant. Given the great value of the longevity insurance that the traditional plan provides, and the risks its diminished coverage entails, the book proposes a set of measures that either stem the decline or endow defined contribution pensions with some of the attributes of the traditional plan.
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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.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
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Etat : New. This book studies developments in employer-provided pensions in ten industrial countries to explain the diminished importance of the traditional pension. Num Pages: 294 pages, 8 b/w illus. 13 tables. BIC Classification: KFFP. Category: (P) Professional & Vocational. Dimension: 229 x 152 x 16. . . 2015. Illustrated. paperback. . . . . N° de réf. du vendeur V9781107507326
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Etat : New. This book studies developments in employer-provided pensions in ten industrial countries to explain the diminished importance of the traditional pension. Num Pages: 294 pages, 8 b/w illus. 13 tables. BIC Classification: KFFP. Category: (P) Professional & Vocational. Dimension: 229 x 152 x 16. . . 2015. Illustrated. paperback. . . . . Books ship from the US and Ireland. N° de réf. du vendeur V9781107507326
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Paperback. Etat : new. Paperback. The traditional (final or average salary) pension that employers have provided their employees has suffered a huge decline in labor force coverage in the United Kingdom and the United States, and less severe declines in Canada and elsewhere. The traditional pension provides a precious measure of retirement security by paying retirees an annuity for life. This study compares developments in the countries just named and in Australia, Denmark, Germany, Japan, Netherlands, Sweden, and Switzerland to explain the forces behind the decline of the traditional pension and to contrast the experience of public sector employer-provided plans, where it remains dominant. Given the great value of the longevity insurance that the traditional plan provides, and the risks its diminished coverage entails, the book proposes a set of measures that either stem the decline or endow defined contribution pensions with some of the attributes of the traditional plan. 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. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. N° de réf. du vendeur 9781107507326
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