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Welfare reform on the Web (January 2007): Pensions - Overseas

Employing an ageing workforce


European Industrial Relations Review, issue 394, 2006, p.19-21

Increasing the employment of older workers has been a focus of European policy for many years. This article summarises a recent study which examined national policies and looked at company practice on this issue across Europe in a series of case studies.

The Icelandic pension system

Tryggvi Thor Herbertsson

Pensions, vol.11, 2006, p.239-246

The pension system in Iceland is chiefly characterised by the operation of occupational pension funds. Minimum contribution rates for employers and employees are set by law, but the system is not a pure defined contribution system as minimum benefits are also stipulated. There is also a tax-financed, pay-as-you-go, means-tested social security safety net and a voluntary individual accounts scheme with tax incentives.

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