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ID:
192901
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| Summary/Abstract |
We investigate the results of the Israeli pension reform that started at the beginning of 2016. This reform created aged, adjusted pension plans that are aimed to fit better the different age categories and protect the over 60 years old savers from the occurrence of a financial crisis close to their retirement. We find that all the over 60 years old funds have outperformed the financial market according to their preferred level of risk. On the other hand, because the financial market blossomed in recent years, they lost a yearly potential return of 1.64%. The pension tracks for under 50 years old savers have gained an extra of 0.73% return per year; however, not all funds in this age category have outperformed the market benchmarks. The reform did not have a substantial impact on the 50–60 years old track since the risk ingredient has not changed dramatically.
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| 2 |
ID:
137808
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| Summary/Abstract |
Social Security retirement benefits were first introduced in 1935 as a financial safety net for a large and rapidly growing older American population. The program was intended to be economically selfsustaining, but population aging and rising life expectancies threaten the program's solvency. The 1983 Social Security Amendments mandated that the full retirement age increase to 67 by the year 2027. In this essay, we present evidence demonstrating that the rate of improvement in life extension at older ages accelerated after 1983. If the 1935 ratio of working years to retired years is maintained, early and full retirement ages of 66.5 and 69.4, respectively, were justified in 2009. Additional delays in the age of eligibility beyond those currently in effect would place significant financial burdens on individuals with lower life expectancies, the poor and near-poor, and the very old, and – absent additional reform – would exacerbate existing unequal access to entitlements within the system.
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| 3 |
ID:
143330
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| Publication |
Chennai, Swamy Publishers (P) Ltd., 2016.
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| Description |
iv, 60+24p.pbk
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| Contents |
1.Swamy's compilation of Seventh Pay Commission report:pension and other retirement benefits for central government staff (Cat. No. C-72)
2.Fixation of Pre-2016 pension:Seventh Pay Commission recommendations (Ready Reckoner) (Cat.No. C-72-A)
Part: II
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 058466 | 352.67/MUT 058466 | Main | On Shelf | General | |
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