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Welfare Reform on the Web (July 2001): Pensions - Overseas

BRUSSELS MAY TAKE PENSIONS CASES TO COURT

D. Dombey

Financial Times, Apr 20th 2001, p.6

Labour mobility across the EU suffers because of tax discrimination against people working in one country and making pension contributions in another. Recent developments in EU law empower the commission to 'remove tax obstacles to cross-boarder occupational pension schemes'. Article goes on to discuss these countries with anomalies and the way forward.

BUSH LINKING PENSIONS TO STOCK MARKET

B. Fenton

Daily Telegraph, May 3rd 2001, p.20

US President Bush has appointed a panel to begin a radical overhaul of the state pension system, allowing people to invest part of their national insurance contributions in the stock market.

SCHRÖDER POISED TO WIN BACKING FOR INTRODUCING PRIVATE PENSIONS

H. Simonian and C. Hulverscheidt

Financial Times, May 9th 2001, p.10

Reports that several federal states have moved to support the introduction of private pensions in Germany. The measure should now be passed by the Bundesrat. Concessions have been made to address the states' financial concerns about administrative costs and loss of revenue due to tax breaks for people taking out the new pensions.