Full Description
Presenting the evolution of supplementary pensions over the past 25 years, this comprehensive book introduces the origin of pensions as a concept and explores the role that international organisations play within the field. It draws comparisons between different welfare states, reflecting upon current research and identifying new directions and ideas.Despite observing significant differences in the approaches to pension design, the book identifies common challenges, including the need to provide for an increasingly aging population, slow economic growth following the 2008 global financial crisis, the need for effective regulation, and increased labour market flexibility. Leading scholars analyse the experiences of a broad range of countries and offer insights into their responses to the numerous challenges faced by national pension systems. The book covers significant moments in pensions history following the World Bank's 1994 report on Averting the Old Age Crisis, and subsequent responses to challenges posed by longevity and economic crises.This book will be an ideal companion for academic researchers and financial law scholars interested in pensions and looking to develop an international perspective on the issue, as well as professionals in the pensions industry who are engaging with other countries and looking to develop their knowledge of overseas pension systems.
Contents
Contents:Preface ix1 Introduction 1James Kolaczkowski, Yves Stevens and Jakob Markus Werbrouck2 On the origin of pensions 10Yves Stevens3 The role of international organizations in the last 25 yearsand their effect on pension reforms throughout the world 37Paul Roels4 Belgium: 25 years of occupational pension schemes foremployees in Belgium from a legal perspective 62Emma Suzanne van Aggelen and Jakob Markus Werbrouck5 Finland: Pension reforms in Finland 77Susan Kuivalainen and Kati Kuitto6 France: A national overview 99Arnauld D'Yvoire7 Germany: About unpopular but necessary reforms 122Heinz-Dietrich Steinmeyer8 Greece: perpetual struggle against the sovereignty ofpublic pension regimes 138Gabriel Amitsis9 Ireland: Talking about change - Pension reform in Ireland1994-2019 164Michelle Maher10 Italy: The Italian pension system - reform trajectories andopen issues 182Felice Roberto Pizzuti and Michele Raitano11 The Netherlands: Pensions in the Netherlands - fromdefined benefit to defined contribution 207Erik Lutjens12 Poland: A preliminary assessment 229Marek Szczepanski, Joanna Ratajczak, Kamila Bielawska,Joanna Rutecka-Gora and Sylwia Pienkowska-Kamieniecka13 The development of supplementary pensions in Portugal:Influenced by ideas, the process of European integrationand national idiosyncrasies 257Maria Clara Murteira14 Spain: The evolution of the Spanish private pensionsystem: 1994-2019 279Inmaculada Dominguez Fabian and John A. Turner15 Sweden: (Supplementary) pensions 1994-2019 305Eskil Wadensjoe16 Switzerland: 25 years of occupational pension provision(1995-2020) 320Jacques-Andre Schneider17 The United Kingdom: Political and labour market influences 348Bryn Davies and James Kolaczkowski18 The United States: The evolution of the US pension system- 1994-2019 370Jonathan Barry Forman, Dana M. Muir and John A. Turner19 Pensions and the paradox of Trust: Developments over thepast 25 years 392Kamila Bielawska, Sally Shen and John A. Turner20 Changes in approach to risk sharing in supplementarypension schemes 410Anna Gierusz, Patrycja Kowalczyk-Rolczynska, AgnieszkaPoblocka and Joanna Rutecka-Gora21 Editors' view and conclusion 439James Kolaczkowski, Yves Stevens and Jakob MarkusWerbrouckIndex
