Financial Times, Aug.29th 2003, p.6
The Rürup Commission is recommending far-reaching reform of the German pension system. Proposals include:
S. Arie and B. Aris
Guardian, Aug.27th 2003, p.12
The German and Italian governments are proposing to raise the retirement age in their countries to control the spiralling costs of state pensions.
Financial Times, August 26th 2003, p.6
Silvio Berlusconi, Italian Prime Minister, has said he wants to raise the average retirement age by up to five years. Experts on Italy's welfare state say a higher retirement age is one way to address the long team threat to the pensions system posed by the country's aging population and its very low birthrate. But Mr. Burlesconi's proposal would challenge a cornerstone of the present system - the "anzianata" (old age) pensions that people who have worked for 35 years can claim once they are 57.
Financial Times, Aug.29th 2003, p.9
In order to reduce business costs, the government of Singapore is proposing to cut employers' contribution to the Central Provident Fund (CPF) from 16% of salary to 13%. Government is also suggesting a more flexible rate scheme, with employer contributions to the CPF rising to 16% in good years and falling to 10% in bad ones. The Fund provides pensions but is also used to finance mortgages and support medical expenses.
E. Schokkart and P. van Parijs
Journal of European Social Policy, vol.13, 2003, p.245-279
Article spells out the implications for pension systems of a concept of social justice that articulates the values of freedom, efficiency and solidarity. Goes on to consider, in the light of this idea of social justice, five options for pension reform in Europe. These are: