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Welfare Reform on the Web (February 2004): Pensions - Overseas

"ALL FOR ONE AND ONE FOR ALL" - THE EU DIRECTIVE ALLOWS CROSS-BORDER PENSION FUNDS

B. Birmingham

Pensions, Vol. 9, 2003, p.107-117

The article examines the European Directive on occupational pension schemes, which permits schemes run by multinational companies to accept members employed in another member-state, provided the scheme satisfies the criteria laid down by the Directive. It explores the conditions imposed, including funding requirements, administrative procedures and supervisory institutions.

THE NOTIONAL DEFINED CONTRIBUTION APPROACH TO PUBLIC PENSION REFORM: IMPLICATIONS FOR WOMEN AND LOW-WAGE WORKERS

J.B. Williamson and S.A. Howling

International Journal of Sociology and Social Policy, Vol. 23, No. 12, 2003, p.1-18

Notional defined contribution (NDC) schemes call for the creation of an individual retirement account for each covered worker. As workers pay into the system they are credited for the amount paid. This accounting is done in the form of "national" (virtual) credit. No trust fund builds up and the implicit "return" on such accounts is determined by trends in economic growth or trends in wage rates. The NDC model is a pay-as-you-go scheme because the workers' contributions go directly to pay current retirees' pensions. The article goes on to discuss the implications of this model for women and low paid workers in developing and developed countries.

TAX DISCRIMINATION IN PENSION PROVISION WITHIN THE EU: THE SAFIR, DANNER AND SKANDIA CASES

N. L'Estrange

Pensions, Vol. 9, 2003, p.131-135

The article examines the jurisprudence of the European Court of Justice regarding discriminatory tax provisions affecting the provision of pensions across national borders in relation to the above cases.

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