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.
The Legality of Public Pension Reforms in Times of Financial Crisis
The Legality of Public Pension Reforms in Times of Financial Crisis - 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 Legality of Public Pension Reforms in Times of Financial Crisis write by Dafni Diliagka. This book was released on 2018. The Legality of Public Pension Reforms in Times of Financial Crisis available in PDF, EPUB and Kindle. The first reactions to the Greek financial crisis were pension reforms and reductions. The aim of this book is to assess the legal implications of the reductions to pension benefits, proposing a legal framework in which pensioners are able to raise legal claims in court. The book gives account of the background regarding the factors that necessitated pension reforms prior to and after the fiscal crisis. Furthermore, it describes the Greek pension reforms and reductions which were undertaken progressively by the Greek Parliament from the beginning of the crisis until the year 2012. Finally, it examines the legality of the public pension reforms and reductions in old-age pension benefits with the Greek Constitution and with international law. The assessment is achieved using the principle of proportionality as a balancing concept.
Pensions: Challenges and Reforms
Pensions: Challenges and 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 Pensions: Challenges and Reforms write by Einar Overbye. This book was released on 2017-11-28. Pensions: Challenges and Reforms available in PDF, EPUB and Kindle. Throughout the developed world, public and private pension schemes face major challenges that are creating irresistible pressures for reform. Major structural changes in Latin America and in Central and Eastern Europe have led to particularly fierce pressure. Two member states of the European Union - Italy and Sweden - have introduced radical reform of their public pensions systems; controversial pension reforms have been proposed in France and Germany; and the British government has been widely criticized over its pension reforms and its 2002 white paper. This exceptional volume examines the challenges faced by pension schemes in the advanced economies and the reforms that have been introduced to tackle these challenges. A team of international contributors provides an up-to-date, invaluable analysis of different aspects of pension problems, prospects and reforms. The book incorporates cross-national chapters as well as a focus on individual countries including Belgium, Brazil, Colombia, Finland, Greece, Italy, Sweden, the UK and the USA.
