Reforming the Greek Pension System - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Reforming the Greek Pension System write by Mr. Alvar Kangur. This book was released on 2021-07-16. Reforming the Greek Pension System available in PDF, EPUB and Kindle. The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015–17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms can go a long way towards enhancing the pension system affordability. However, reforms faced setbacks and fell short of creating stronger incentives to build long contribution histories, to deliver sustainable growth by improving the fiscal policy mix, and to ensure fairness and equitable burden sharing across generations and interest groups. Policy priorities should aim towards fully implementing the 2015–17 reforms and complementing them with additional reforms to address these remaining objectives.
Greece
Greece - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Greece write by International Monetary Fund. This book was released on 2002-03-15. Greece available in PDF, EPUB and Kindle. This Selected Issue paper provides an overview of the public pension system in Greece, and of prospective pension-related spending pressures. The paper reviews the structure of Greece’s pension system and compares some basic parameters of the Greek pension system with those of other European Union economies. It provides an overview of demographic projections for Greece in an international context. The paper also examines the sensitivity of the expenditure projections to variations in demographic and macroeconomic assumptions, including those relating to the rate of productivity growth.
The Greek Pension Reforms
The Greek Pension Reforms - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Greek Pension Reforms write by Milton Nektarios. This book was released on 2019. The Greek Pension Reforms available in PDF, EPUB and Kindle. Greece's current pension system relies almost exclusively on the state and remains staunchly pay-as-you-go (PAYG) and defined benefit (DB). This paper offers a radical proposal for change: (i) a new multi-pillar notional and financial defined contribution (NDC and FDC) pension system for all generations first insured after 1993, with contribution rates for primary pensions reduced by 50 percent; and (ii) a transitional system for those first insured before 1993. The proposal's robustness is tested actuarially for the period up to 2060. Though financing the legacy cost would be challenging, the quantitative exercise indicates that a radical pension reform, especially if implemented as a part of an overall recovery package, could set the country on a more favorable growth trajectory.
A Comparison of the Pension Systems of Greece, Austria and Sweden
A Comparison of the Pension Systems of Greece, Austria and Sweden - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Comparison of the Pension Systems of Greece, Austria and Sweden write by Amelie Többen. This book was released on 2015-05-07. A Comparison of the Pension Systems of Greece, Austria and Sweden available in PDF, EPUB and Kindle. Essay from the year 2014 in the subject Politics - Region: Western Europe, grade: 2,0, University of Lisbon, language: English, abstract: The European social model is challenged by decreasing fertility rates, higher life expectancies and the recent financial crisis. As member states are committed to provide sustainable and adequate pensions, they constantly have to review the sustainability of their systems and implement reforms to cope with the population ageing without destabilizing public finances. For our analysis, we choose the three countries Austria, Greece and Sweden. Our aim was to analyze a variety of different pension systems, not only different in their pension structure but also in their recent sustainability. Consulting the “2014 Pension Sustainability Index” suggests Sweden as a highly sustainable system with minor need for reforms. Austria in the mid-table has a quite sustainable pension system but needs to implement reforms to keep sustainable in the future. Greece made huge improvements in its sustainability due to the recent reforms implemented with the Troika but still remains in the lower field. In our opinion, these three countries give a diversified overview of the European social model.
Greek Pension Reform Strategy 2010-2015
Greek Pension Reform Strategy 2010-2015 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Greek Pension Reform Strategy 2010-2015 write by Georgios Symeonidis. This book was released on 2016. Greek Pension Reform Strategy 2010-2015 available in PDF, EPUB and Kindle.
