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Welfare Reform on the Web (June 2005): Pensions - Overseas

Ageing and pension reform around the world: evidence from eleven countries

G. Bonoli and T. Shinkawa (editors)

Cheltenham: Edward Elgar, 2005

This book documents developments in pension policy in eleven advanced industrial countries in Western Europe, East Asia and North America. In order to explore what population ageing means for the sustainability of pension systems, the authors present a detailed review of pension policy making over the past two decades and provide an up-to-date analysis of current pension legislation. They examine the factors that can facilitate or impede the adaptation of pension systems. They also highlight the fact that, although the path of reform taken by each country is different, the processes at work are often very similar.

Many pension systems now 'unsustainable'

A. Balls

Financial Times, May 25th 2005, p.12

Governments need to consider mandatory investment accounts when reforming unsustainable pension systems that do not met the needs of 21st century workforces, the World Bank said yesterday. The World Bank saw individual investment accounts, being considered by the US after their introduction in some Latin American and eastern European countries, as the "benchmark" for reform rather "than the default option or policy prescription". It also called for the introduction of a minimum pension guarantee, which is not related to contributions and is particularly important in developing countries where a large proportion of people work in the informal sector.

Work beyond 60: key policies and practices in Europe

G. Reday-Mulvey

Basingstoke: Palgrave, 2005

Because of demographic changes, recent EU pension reforms encourage later and more flexible retirement. This book provides an in-depth analysis of the growing importance of working beyond 60, and a comparative discussion of new policies in many EU Member states and company best practices. It is based on over 15 years of research work by the Geneva Association, the think-tank of the insurance industry.

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