Retirement Age Archives - Page 12 of 25 - Pension Policy International

03AprApril 3, 2023

Who spends the longest time in retirement?

This article was first published on 19 February 2020 and was updated on 29 March 2023. Retirement lengths vary by country. There are now more people over the age of 65 than there are under the age of five. The World Economic Forum says pension savings must be incentivized to ensure better retirement outcomes. There are now more people over the age of 65 than there are under the age of five, a World Economic Forum report has found. As a result, there are...

April 3, 2023

NewsLongevity, Retirement Age, Sustainability

31MarMarch 31, 2023

Frames, Incentives, and Education: Effectiveness of Interventions to Delay Public Pension Claiming

By Franca Glenzer, Pierre-Carl Michaud & Stefan Staubli Many people forgo a higher stream of public pension income by claiming early. We provide both quasi-experimental and survey-experimental evidence that the timing of public pension claiming is relatively inelastic to changes in financial incentives in Canada. Using the survey experiment, we evaluate the effect of two different educational interventions and different ways of framing the incentive to delay claiming. While all three types of interventions induce delays, these interventions have heterogeneous...

March 31, 2023

Articles, Pension design2023, Aging, Behavioral Science, Labor Market, Retirement Age, Retirement Planning

31MarMarch 31, 2023

The economic — and political — consequences of reforming France’s pensions

Earlier this month, French President Emmanuel Macron followed through on his long-touted promise to reform the country’s pension system, raising the retirement age from 62 to 64. How he did it though — essentially forcing the legislation through without a vote in the lower house of parliament — hit a nerve. Since then, over a million people have taken to the streets across France; social media has been filled with images of uncollected garbage piling on the streets of Paris...

March 31, 2023

NewsFrance, Pension Reform, Retirement Age

31MarMarch 31, 2023

UK confirms delay in lifting of state pension age to 68

The UK government has confirmed it will not bring forward a rise in the state pension age to 68, saying a review of the policy will be delayed until after the next general election. The state pension is at present 66 for men and women, rising to 67 from 2026. It had been due to gradually rise to 68 from 2037, under plans first announced by ministers in 2017. But Mel Stride, work and pensions secretary, told MPs on Thursday that...

March 31, 2023

NewsRetirement Age, UK

31MarMarch 31, 2023

Chinese cities are so broke, they’re cutting medical benefits for seniors

China's government, strapped for cash after years of enforcing a costly zero-Covid policy, is cutting medical benefits and planning to raise the retirement age, in deeply unpopular moves that are fueling widespread public anger. Thousands of elderly people have been taking to the streets since January to protest big cuts to monthly medical benefit payments. They've gathered in four major cities across the country, demanding local officials reverse the decisions. The changes are part of a national overhaul mainly intended to...

March 31, 2023

NewsChina, Healthcare, Retirement Age, Social Security

30MarMarch 30, 2023

Czechs protest government bid to raise retirement age

Czech labor unions on Wednesday joined with opposition parties to protest the government's proposed bid to raise the retirement age by four years to 68. Some 2,000 protesters gathered Wednesday in front of government offices in the capital Prague to voice their opposition to the plan. “We definitely don't agree,” read a letter ratified at the gathering. “We will defend ourselves,” Roman Durco, the head of the KOVO labor union group that organized the rally told the angry crowd. Labor and Social...

March 30, 2023

NewsCzech Republic, Retirement Age

22MarMarch 22, 2023

UK. Ministers reportedly scrap plan to bring forward rise in UK state pension age

Ministers have reportedly delayed plans to bring forward a rise in the state pension age amid falling life expectancy in the UK. The state pension age, which is currently 66, was due to rise to 68 after 2044 but reports earlier this year suggested ministers had planned to bring the increase forward to between 2037 and 2039. However, the Financial Times has reported ministers have decided to delay making a decision until after the next general election because of fears about...

March 22, 2023

NewsRetirement Age, UK

21MarMarch 21, 2023

France’s government survives no-confidence votes as pension reforms move ahead

Parliament adopted a divisive pension bill Monday raising the retirement age in France from 62 to 64, after lawmakers in the lower chamber rejected two no-confidence votes against the government. But the bill pushed through by President Emmanuel Macron without lawmakers' approval still faces a review by the Constitutional Council before it can be signed into law. The council has the power to reject articles within bills but usually approves them. The first no-confidence motion, proposed by a small centrist group...

March 21, 2023

News2023, France, Pension Reform, Retirement Age

17MarMarch 17, 2023

Pension Tax Limits

By Gov.UK Individual members of registered pension schemes who make annual pension contributions over the standard annual allowance (AA), money purchase annual allowance (MPAA), or tapered annual allowance (tapered AA), and who therefore expect to become subject to an AA charge. Individual members of registered pension schemes who already have or expect to have pension savings exceeding either the standard lifetime allowance (LTA) or their protected LTA, and who therefore expect to become subject to an LTA charge. Scheme administrators of registered pension schemes who will need to...

March 17, 2023

Books, Books, Regulation2023, Retirement Age, savings, Taxation, UK

17MarMarch 17, 2023

The Health-Consumption Effects of Increasing Retirement Age Late in the Game

By Eve Caroli, Catherine Pollak & Muriel Roger Using the differentiated increase in retirement age across cohorts introduced by the 2010 French pension reform, we estimate the health-consumption effects of a 4-month increase in retirement age. We focus on individuals who were close to retirement age but not retired yet by the time the reform was passed. Using administrative data on individual sick-leave claims and non-hospital health-care expenses, we show that the probability of having at least one sickness absence...

March 17, 2023

Articles, Pension design2023, Pension Reform, Retirement Age

April 2023

March 2023