Questions tagged [pensions]

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

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60
votes
17answers
22k 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 ...
9
votes
2answers
577 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 ...
7
votes
1answer
314 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 ...
5
votes
3answers
496 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 ...
5
votes
2answers
335 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 ...
5
votes
5answers
387 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. ...
4
votes
2answers
332 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 ...
4
votes
1answer
96 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 ...
4
votes
0answers
78 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 ...
4
votes
0answers
279 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 ...
4
votes
0answers
222 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 ...
3
votes
1answer
342 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?" ...
3
votes
1answer
560 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 ...
3
votes
0answers
114 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....
2
votes
1answer
171 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 ...
1
vote
0answers
119 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?
0
votes
1answer
19k 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 ...