Equality Archives - Page 7 of 15 - Pension Policy International

13SepSeptember 13, 2023

New Report Finds Public Pensions Play a Critical Role in Delivering Retirement Security for Older Americans While Reducing Wealth Inequality by Race and Gender

A new report finds that defined benefit pensions play a critical role in delivering adequate retirement income for older Americans while providing a key buffer against economic hardship for women, Blacks, Latinos, and those without a four-year college degree. The report also finds that the wealth value of lifetime pension income, particularly from public pensions, is distributed more equitably by race and gender than other private financial assets, thereby narrowing the wealth gap among older families. For example, public...

September 13, 2023

NewsEquality, Public Pensions, US

12SepSeptember 12, 2023

UK. Pensions: Women get 35% less than men due to care responsibilities

Women's private pension funds are 35% lower than men's, according to the UK government's official estimates. Private pensions consist of workplace schemes or personal pensions set up by individuals using independent companies. Taking time off or going part-time means paying less into pensions during your working life. A charity said employers should do more to support women with caring responsibilities. Rowan Davies, 34, from Cardiff, is currently on maternity leave while caring for her five-month-old son Mabon. She said she was "very aware" of...

September 12, 2023

NewsEquality, Gender Gap, UK

12SepSeptember 12, 2023

Uganda turns to local pension funds for funding after being blocked by World Bank

Uganda is turning to local pension funds as a survival measure following external freezing of funding from the World Bank. The EastAfrican has learnt that the government is in talks with the World Bank for the lender to rescind its decision to withhold budget support for Kampala worth Ush6.7 trillion ($1.787 billion). The bank suspended funding last month in the wake of Kampala’s decision to pass a new anti-homosexual law deemed by the West as a violation of rights of...

September 12, 2023

NewsEquality, Political economy, Uganda

08SepSeptember 8, 2023

Racial and Ethnic Differences in Longevity Perceptions and Implications for Financial Decision-Making

By Abigail Hurwitz, Olivia S. Mitchell & Orly Sade Inaccurate perceptions regarding life expectancy can lead to suboptimal financial decisions with long-term consequences, including undersaving prior to retirement, and overspending during retirement. As prior research suggests that Covid-19 mortality has disproportionately harmed those with low incomes, African Americans, and Hispanics in the United States, we seek to determine whether subjective survival perceptions among these groups changed in a manner consistent with observed outcomes. We fielded two online experimental surveys of...

September 8, 2023

Articles, Savings2023, Behavioral Science, Equality, Longevity, Retirement Planning

04SepSeptember 4, 2023

UK. ‘Real risk of new generation of pension inequality if action not taken’

There is a “real risk” of a new generation of pension inequality emerging if further action is not taken, according to new research. Government, employers and the pensions industry need to act, the report from consultants LCP (Lane Clark & Peacock) said. The Government should take further steps to reduce the inequalities which arise following the birth of a child, including effective policies on shared parenting and greater provision of support for childcare for the youngest children, the report said. Employers should...

September 4, 2023

NewsEquality, Gender Gap, UK

25AugAugust 25, 2023

Retirement Security: Income and Wealth Disparities Continue through Old Age

By GAO Income and wealth inequality in the United States have increased over the last several decades. We looked at whether these trends continue for older Americans as they age. We compared income and wealth for all older households from 1989 through 2016 and found households in the top 20% saw disproportionately greater gains than other households. We also looked at income and wealth for a group of older Americans as they aged. We found disparities in income decreased, possibly due to...

August 25, 2023

Aging, Books, Books, Reports2023, Equality, Income, US

21JulJuly 21, 2023

Racial and Ethnic Disparities in Retirement Outcomes: Impacts of Outreach

By Angelino Viceisza, Amaia Calhoun & Gabriella J.O. Lee We review select literature on racial and ethnic disparities in retirement outcomes in the United States and the impact of outreach on such outcomes. First, there are significant disparities in retirement outcomes, reflecting a long history of racism and structural barriers. Second, there is comparatively little work on the differential impact of retirement outreach across race and ethnicity. Future work should consider designing interventions that cater to the needs of specific...

July 21, 2023

Articles, System Characterization2023, Equality, Pension design, Retirement Planning

19JulJuly 19, 2023

Hungary wants to curb pension rights of transgender women

From a hefty fine on a bookshop for selling a novel on which a hit Netflix series is based, to curbing the pension rights of transgender women, Hungary is toughening measures against the LGBTQ community, long a target of Prime Minister Viktor Orban. Meanwhile, a new government amendment is seeking to exclude transgender women from pension rules that allow women to retire earlier than men. "It is inconceivable that those who suddenly identify as women after 39 years of working as...

July 19, 2023

NewsEquality, Public Policy, Regulation

12JulJuly 12, 2023

Aboriginal Man Loses Pension Fight With Australian Government

Proud Wakka Wakka man Uncle Dennis* brought the case in which the Federal Government faced court for the first time in connection with its failure to close the gap in life expectancy between Aboriginal and Torres Strait Islander people and non-Indigenous people. Despite recognising the ongoing gap in life expectancy, the Court did not accept that Australia's racial discrimination laws should give Aboriginal and Torres Strait Islander people earlier access to the age pension. It comes on the same day as...

July 12, 2023

NewsAustralia, Equality, Retirement Age

05JulJuly 5, 2023

It’s time to address the UK’s disability pensions gap

Building a healthy retirement savings pot can be a challenge for anyone as they advance through their working lives. Yet, without question, it poses many additional, arduous challenges for those with disabilities. To put this into perspective, one fifth (22%) of UK adults are currently living with a disability. And people within that community have, on average, a pension wealth that is but a fraction (36%) of the typical UK pension pot. In practice, that means Britons with disabilities nearing retirement...

July 5, 2023

NewsEquality, Pension design, UK

September 2023

New Report Finds Public Pensions Play a Critical Role in Delivering Retirement Security for Older Americans While Reducing Wealth Inequality by Race and Gender

UK. Pensions: Women get 35% less than men due to care responsibilities

Uganda turns to local pension funds for funding after being blocked by World Bank

Racial and Ethnic Differences in Longevity Perceptions and Implications for Financial Decision-Making

UK. ‘Real risk of new generation of pension inequality if action not taken’

August 2023

Retirement Security: Income and Wealth Disparities Continue through Old Age

July 2023

Racial and Ethnic Disparities in Retirement Outcomes: Impacts of Outreach

Hungary wants to curb pension rights of transgender women

Aboriginal Man Loses Pension Fight With Australian Government

It’s time to address the UK’s disability pensions gap