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Questions tagged [pensions]

Questions relating to funds which are filled by employees and paid out to retirees.

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Why does the purchasing power of the pensions for the cadres erode much faster than for the non-cadres in France?

I read on https://www.lamontagne.fr/paris-75000/economie/les-retraites-ont-ils-beaucoup-perdu-en-pouvoir-d-achat-ces-dernieres-annees_14060647/: le pouvoir d’achat d’un retraité non-­cadre du secteur ...
Franck Dernoncourt's user avatar
2 votes
3 answers
1k views

Is increased retirement age really the reason for 2023 protests in France?

France has one of the world's highest working populations by percentage. Hence, the lack of jobs/unemployment is clearly not the root cause of this problem. Most protestors are relatively young (20-30 ...
Babu's user avatar
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10 votes
4 answers
3k views

What are the options for a government facing massive protests over seemingly unsustainable economical measures?

Context France is currently facing nationwide strikes due to pension system reformation discussions. According to France24, there seems to be a debate over the opportunity of such a reform: French ...
Alexei's user avatar
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20 votes
4 answers
6k views

Why is there an official retirement age?

France strikes bid to halt Macron's rise in retirement age: President Macron's reform programme faces a make-or-break moment, as French unions stage a day of mass strikes and protests on Thursday ...
Alexei's user avatar
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1 vote
0 answers
47 views

Are Chief Ministers in India entitled to different pension cycles even when their terms are repeating their tenure?

Recently, the Chief Minister of Bihar, India, Mr Nitish Kumar changed the alliance partners and formed a government with the support from a different political party. He'll continue to remain as CM ...
Anshul Sahni's user avatar
4 votes
0 answers
81 views

Did the European Commission officially mention that pensions should obey some sort of contribution-related principle?

Context I have watched an interview with a financial expert arguing about the big impact of so-called "special pensions" in Romania (1-2% of GDP). This is confirmed by some politicians that ...
Alexei's user avatar
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1 vote
1 answer
174 views

Have any US states managed to move their public pensions to a 401k-like system?

One can find numerous discussions of switching public pensions to a 401-like plan: Reform has been the hot topic in the world of public employee retirement plans for years. Too often the conversation ...
JonathanReez's user avatar
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-2 votes
2 answers
166 views

Why do government employees get pension but not those in private sectors in the US? [closed]

What justifies or is the reasoning behind not providing pension for one group of people as a good thing and the exact opposite for a different group of people all at the same time ?
Thinker's user avatar
  • 39
-2 votes
2 answers
253 views

How can European states have a sustainable retirement system since deteriorating health is associated with the increasing retirement age [closed]

As far as I know, especially across Europe, the retirement age is increasing due to low birth rates and population ageing, the current pension system being unsustainable in this situation. But this ...
Adrian Sicaru's user avatar
2 votes
1 answer
136 views

How did the Hungarian government manage to persuade people to prefer first (state) pension pillar instead of the second one?

I have recently saw an interview related to the second pension pillar in Romania. The Government was discussing moving contributions from the second pillar to the first one. Eventually the Government ...
Alexei's user avatar
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1 vote
3 answers
496 views

Why do government employees have a separate pensions fund?

In many countries government employees have a separate pension fund that pays out better than the one accessible to the general public. Likewise civil servants often go into retirement earlier than ...
JonathanReez's user avatar
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30 votes
10 answers
10k views

Do any countries have a pensions system funded entirely by past contributions, rather than current taxes?

The pensions systems that I'm familiar with usually work as following: Workers pay a tax on their salaries The government uses that money to fund the pensions of current retirees When the current ...
JonathanReez's user avatar
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6 votes
1 answer
202 views

Do any countries besides the UK have a "triple lock" on pensions?

The Economist wrote before the 2017 UK general election: The average incomes of retired households are now higher than those of working ones, once housing costs are accounted for. Small wonder that ...
against very long user names's user avatar
1 vote
0 answers
121 views

Why does the UK have to pay EU staff pensions if the EU have been collecting pensions contributions? [duplicate]

Why does the UK have to pay EU staff pensions if the EU have been collecting pensions contributions?
rosh3000's user avatar
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4 votes
2 answers
377 views

Pensions of British EU Civil Service in Theresa May's brexit deal

Back in 2016, there was disagreement over who would foot the bill for pensions paid out to British members of EU Civil Service. Normally, they would get their pensions from the EU, but due to brexit ...
JJJ's user avatar
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2 votes
1 answer
195 views

Why don't teachers unions lobby to pay off unfunded pension liabilties?

With a lot of states having issues regarding unfunded teachers pensions, I was wondering why it doesn't ever appear to be a main point of their lobbying/protesting/striking. Wouldn't it be in their ...
spmoose's user avatar
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11 votes
2 answers
823 views

Why do some countries have lower instead of higher retirement age for women?

As we can see here some half of the countries have established lower retirement age for women than men. I struggle to think of any reason why would they do so. I understand that not every government ...
kukis's user avatar
  • 213
5 votes
3 answers
677 views

How did Poland and Hungary manage to take over (nationalize) mandatory private pensions without breaking private property right?

Mandatory private pensions are still in focus in Romania after the Government thought about suspending contributions to them: The Government may suspend the contributions to mandatory private ...
Alexei's user avatar
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65 votes
17 answers
23k views

Why would the government force its population to save for retirement?

Here in Denmark we pretty much have "forced" retirement saving. Almost everybody in regular employment pays about $15 a month plus 12% of their monthly salary into a pension fund. [1] You can save ...
TreUgersFri's user avatar
4 votes
0 answers
293 views

Is it discrimination that women live longer but don't pay higher pension contributions? [closed]

In UK women live 4 years longer on average than men(79 vs 83). However, national insurance is the same for both genders. The similar situation exists in most countries(in many countries it is even ...
user avatar
4 votes
1 answer
170 views

When was the USPS post office retiree healthcare benefits started?

I discovered in this answer that the United States Postal Service needs a $6B bailout every year due to retiree healthcare benefits, which are separate from its pension fund. What year did the USPS ...
Chloe's user avatar
  • 6,048
5 votes
2 answers
726 views

Does the USPS post office lose $6 billion per year and require taxpayer bailouts every year?

This video says the USPS requires a $6 billion bailout every year. Why does it need a bailout every year? When did the USPS first offer pensions? Was the USPS underfunding their pensions? What would ...
Chloe's user avatar
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3 votes
1 answer
366 views

Has Nigel Farage made a statement regarding his MEP pension?

Here's a cartoon depicting a fictional interview with MEP Nigel Farage. Interviewer: "Today on Brexit Talk I'm joined by Nigel Farage to discuss the Brexit Bill. Nigel, how much should we pay?" ...
billpg's user avatar
  • 1,185
4 votes
0 answers
241 views

Are UK, the Netherlands and Germany considering pension fund reformation after stress tests of pension funds results?

According to this article, pension funds in the UK, the Netherlands and Germany face an “existential threat” because of their precarious financial positions: Sven Giegold, a member of the European ...
Alexei's user avatar
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6 votes
5 answers
430 views

What steps can be taken to combat unfunded state and federal pension liabilities in the U.S.?

It's the growing problem that no politicians want to talk about: unfunded pension liabilities. Business Insider ran an article last year which focused on the many upcoming challenges facing U.S. ...
Jon Letko's user avatar
  • 923
4 votes
1 answer
947 views

Why would a Government choose to nationalize private pensions funds?

In April 2017, Romania’s financial regulator slaps heavy sanctions on NN for spreading rumors about pension fund nationalization. So, the simple fact of spreading such information led to a severe ...
Alexei's user avatar
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7 votes
1 answer
327 views

What's California's total public pension unfunded liability?

This article from the LA times states that just two public pensions, there are 130 of them, have approximately $120 billion in shortfalls, although those are probably the largest. Can anyone find ...
user avatar
0 votes
1 answer
26k views

Meaning and difference between ACP and MACP [closed]

Can anyone please explain the meaning of assured career progression (ACP) and modified assured career progression (MACP) and the difference between the two? According to Wikipedia, these are related ...
user9203's user avatar
3 votes
0 answers
118 views

What are the total unfunded liabilities of the top 5 states?

Detroit recent bankruptcy that left its 20,000+ retirees with less than 1/5ths of their pensions. This has left many people concerned about the finanial stability of the various state retirement plans....
user1873's user avatar
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