"/> Welfare Reform on the Web (July 2009): Pensions - overseas
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Welfare Reform on the Web (July 2009): Pensions - overseas

The current situation of retirement income provisions in Japan: social security pension schemes and corporate pension plans

J. Sakamoto

Asian Social Work and Policy Review, vol. 3, 2009, p. 122-141

Japan has been faced with rapid population ageing for decades. This has led to a steady reduction in the level of benefits paid by the state social security pension scheme. It is therefore often said that corporate pension plans should play a larger role in retirement income provision. It is argued in this article that corporate pension plans cannot take the place of the state pension scheme, as many employees of small companies would end up with an inadequate retirement income if their state pension benefits were reduced.

European governments kick-start economies with pension reserves

Anon.

Life & Pensions, June 2009, p. 4

Governments across Europe are using their pension reserves to stimulate their economies. This article provides examples of policies being used by Denmark, Norway and Ireland and commentary from the OECD.

Pension strains risk creating social crisis warns OECD

C. Giles

Financial Times, Jun. 24th 2009, p.6

In its fifth annual analysis of the health of pensions systems worldwide, the OECD has warned that strains in public and private pensions provision may create a social crisis lasting decades, and calls for pension reforms.

(See OECD (2009), Pensions at a Glance 2009: Retirement-Income Systems in OECD Countries: www.oecd.org/els/social/pensions/PAG)

Renegotiating the Swedish social democratic settlement: from pension fund socialism to neoliberalization

C. Belfrage and M. Ryner

Politics and Society, vol. 37, 2009, p. 257-288

After a discussion of pension reform in advanced capitalist democracies, the authors argue that there is an elite consensus behind a quite successful broad strategy of neoliberalisation of the pension system in Sweden. They point to a radical transformation of the state apparatuses and practices associated with the pension system. They highlight in particular the role assigned to the practices of marketing agencies in financial market socialisation and education. These are designed to address rigidities and dynamics of structure associated with social democracy and to recommodify and adjust everyday behaviour in mass society so as to reconstitute people as investor subjects.

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