Global Social Policy, vol. 3, 2003, p.45-77
Article assesses developments in retirement income policies in China over the past decade. Compares the Chinese system with those operating in other parts of the world and in other Asian countries. Goes on to consider the impact of the reform of the Chinese pension system on global social policy development, its sustainability and its fairness. Outstanding problems with the current system include:
F. M. Bertranou, R. Rofman and C. O. Grushka
International Social Security Review, vol. 56, no. 2, 2003, p. 103-114
Argentina's pension system was reformed in 1994 into a two pillar scheme. The first pillar is a basic universal pension administered by the state and available after 30 years of contributions of the minimum retirement ages of 60 for women and 65 for men. The second pillar offers workers a choice of a pay-as-you-go defined benefit programme administered by the State or a defined contributions scheme based on individual savings accounts administered by private institutions. Article discusses the impact of the social and economic collapse of December 2001 on the pension scheme.
C. K. Chan
International Journal of Social Welfare, vol. 12, 2003, p. 123-131
Examines Honk Kong's Mandatory Provident Fund (MPF). Finds the retirement savings scheme boosts the economy and strengthens the financial services sector. The fund provides limited assistance, particularly for older workers and low earners and it excludes the most vulnerable groups of Hong Kong's society.
International Social Security Review, vol. 56, no. 2, 2003, p. 65-80
Discusses the process of the reform of the Danish old-age pension which led to the creation of the current multi-tier system. The reform led to the development of a system of funded defined contribution occupational pension schemes jointly run by employers and unions. These schemes supplement the tax-funded state pension.