Projections of the costs of occupational pensions

1983 ◽  
Vol 110 (01) ◽  
pp. 243-269 ◽  
Author(s):  
J. L. Field
Keyword(s):  
Pension Scheme ◽  
Insurance Fund ◽  
Occupational Pension ◽  
Occupational Pensions ◽  
Pension Schemes ◽  
National Insurance ◽  
The Government ◽  
Starting Date

1. In the three years since projections of occupational pension scheme membership and expenditure were made for the Wilson Committee more data about schemes has become available, such as that from the Government Actuary's survey of Occupational Pension Schemes 1979 (theG.A.'s Survey), so the occasion of the publication of the Government Actuary's National Insurance Fund Long Term Financial Estimate (theQuinquennial Reviewor Q.R.) has been taken to revise and extend the Wilson Committee projections, using the starting date and earnings and prices assumptions of the Q.R.

Social Security and Occupational Pension Schemes

1966 ◽  
Vol 30 ◽  
pp. 299-385
Author(s):  
C. S. S. Lyon
Keyword(s):  
Social Security ◽  
Pension Scheme ◽  
Occupational Pension ◽  
Future Developments ◽  
The United Kingdom ◽  
Pension Schemes ◽  
National Insurance ◽  
Public Scrutiny ◽  
The Government ◽  
State Pension

SynopsisSocial security in the United Kingdom is at a crossroads. Should it become more selective, and if so, what form should the selectivity take ? Should the traditional methods of finance be changed ? What is to be done about the pockets of poverty which still exist ?Occupational pension schemes, too, are coming increasingly under public scrutiny. Are they fulfilling their role adequately ? In what ways do they need to be improved ?The Government is expected to announce next year its proposals for a new State pension scheme. These seem likely to include a change in the financing of National Insurance benefits generally. They may contain features which could set the State scheme and occupational schemes on a collision course.The paper examines some of the issues involved and indicates lines along which future developments might take place. It concludes by describing a way in which State and occupational schemes could continue to work in partnership.

Social Security and Occupational Pension Schemes

1968 ◽  
Vol 94 (2) ◽  
pp. 173-253
Author(s):  
C. S. S. Lyon
Keyword(s):  
United Kingdom ◽  
Social Security ◽  
Pension Scheme ◽  
Original Form ◽  
Occupational Pension ◽  
Social Security Systems ◽  
Flat Rate ◽  
The United Kingdom ◽  
Pension Schemes ◽  
National Insurance

Since the idea of a wage-related national pension scheme was first launched in tangible form by the publication in 1957 of the Labour Party's ‘National Superannuation’ plan there has been a state of uneasy coexistence between national and occupational pension schemes in the United Kingdom. Social security systems providing not merely basic flat-rate benefits, but also benefits related to earnings, had been in existence for some years in other European countries, but it was not until the National Insurance Act, 1959 took effect in April 1961 that a national graduated pension scheme became a reality in the United Kingdom. Established at a modest level and designed primarily as a means of raising revenue to meet the rising outgo on flat-rate benefits, this graduated scheme has never seemed likely to endure in its original form. Nevertheless the National Insurance Act, 1966 has grafted on to it a scheme to provide short-term graduated sickness, unemployment and widows' benefits.

scholarly journals Equality without improvement? A case study of the impact of the Belgian unified status among blue-collar and white-collar workers on their occupational pensions

2021 ◽  
pp. 138826272110319
Author(s):  
Sarah Knoops
Keyword(s):  
White Collar ◽  
Pension Scheme ◽  
Occupational Pension ◽  
Equal Pay ◽  
Occupational Pensions ◽  
Pension Schemes ◽  
White Collar Workers ◽  
High Level ◽  
The Impact

The long-standing EU acquis of equal pay between male and female workers still proves to be a source of inspiration in the fight against discrimination, even in matters beyond the EU’s competence. This article deals with differences in status between blue- and white-collar workers, which have been haunting many Member States even as technological progress erodes its justification. Although this ground was never protected by EU law, a case study of the Belgian unified status with regard to occupational pensions (the second pension pillar), clearly shows the impact of the jurisprudence of the CJEU. In line with this EU case law, there is no requirement to grant the most beneficial pension scheme to all employees, which could lead to equal, but nevertheless very modest occupational pensions. Based on the preliminary results, we can predict that the Belgian unified status will have a positive effect on the number of blue- and white-collar workers affiliated to a pension scheme. It is, however, unlikely that the high level of benefits of the most generous pension schemes will be retained after harmonisation, considering the financial impact on the employer. It is therefore to be expected that the unified status will indeed lead to equal occupational pension schemes between blue- and white-collar workers, but fail to act as a lever to improve the quality of the second pension pillar in Belgium.

The Effect of Demographic Factors and Indexation on the Long term Financing of the State Earnings-Related Pension Scheme.

1987 ◽  
Vol 30 ◽  
pp. 181-198
Author(s):  
C. D. Daykin ◽  
A. G. Young
Keyword(s):  
Social Services ◽  
White Paper ◽  
The State ◽  
Pension Scheme ◽  
Occupational Pension ◽  
Pension Schemes ◽  
The Social ◽  
Change State ◽  
State Pension

In September 1974 Barbara Castle published her proposals for a new earnings-related State pension scheme in her White Paper “Better Pensions”. This followed a succession of attempts by previous Secretaries of State for Social Services to change State pension arrangements radically. Unlike the ill-fated Crossman and Joseph schemes, however, the Castle scheme succeeded both in reaching the statute book and in coming into operation. A Bill was introduced in February 1975 and on 7 August 1975 the Social Security Pensions Act 1975 received the Royal Assent. The State earnings-related pension scheme (SERPS) came into operation on 6 April 1978. It provided State pensions related to earnings, but also offered to employers with good occupational pension schemes the possibility of ‘contracting-out’ and providing equivalent or better earnings-related benefits through their own scheme.

The Role of the Government Actuary's Department in Social Security in the United Kingdom

2001 ◽  
Vol 7 (5) ◽  
pp. 765-790 ◽  
Author(s):  
C.D. Daykin
Keyword(s):  
United Kingdom ◽  
Social Security ◽  
Insurance Fund ◽  
The United Kingdom ◽  
National Insurance ◽  
The Social ◽  
The Government ◽  
Role Of The Government

ABSTRACTThe Government Actuary's Department (GAD) came into being in 1919, originally arising from the perceived importance of applying actuarial skills to the financing of the United Kingdom social security system. Whilst the GAD has changed considerably over the years, and now operates as a publicly owned consulting firm, social security and related policy and regulatory advice remain at the core of the Government Actuary's role. This paper explores the nature of the role of the GAD in the social security area, and provides examples of the scope of GAD reports on the long-term finances of the National Insurance Fund. A brief description is given of some of the other areas of GAD's work.

Towards a New Role for Occupational Pensions in Continental Europe: Elements and Techniques of Solidarity Used within Funded Occupational Pension Schemes

2002 ◽  
Vol 4 (1) ◽  
pp. 25-53 ◽  
Author(s):  
Yves Stevens ◽  
Gerhard Gieselink ◽  
Bea Van Buggenhout
Keyword(s):  
European Society ◽  
Social Protection ◽  
Pension Reform ◽  
Occupational Pension ◽  
Anglo Saxon ◽  
Private Pensions ◽  
Occupational Pensions ◽  
Pension Schemes ◽  
Financial Issues

‘At first glance, it may seem incongruous to talk of private pensions in terms of equity. We do not for example, question whether champagne consumption is fairly distributed.’ This paper is about the debate on occupational pensions in continental Europe. Instead of looking at the financial issues, it looks at the elements of social protection and solidarity within occupational pensions. Occupational pensions are of increasing importance for continental European society. This is indicated by a so-called ‘new pension order’ that is predominantly influenced by the Anglo-Saxon vision of pensions. However, much of the ongoing (legal) debate on pension reform deals with elements such as fairness and redistribution.

Financing UK Pensions

2006 ◽  
Author(s):  
John Hills
Keyword(s):  
Life Expectancy ◽  
Occupational Pension ◽  
Defined Benefit ◽  
Occupational Pensions ◽  
The Past ◽  
The Government ◽  
Future Policy ◽  
Set Up ◽  
Defined Benefit Pensions

A key feature of the pension challenges currently facing Britain is the decline of the system of occupational pensions, particularly the decline of defined-benefit pensions. Here, it is often argued that the villain has been the government (in fact a succession of governments). In this view, over the past decades successive governments have delivered a catalogue of regulation and legislation that, though often well intentioned, has ultimately worked to the detriment of occupational pension provision. Alternatively, one might argue that we could have seen it all coming. It is important that future policy should be set up in a way that is sustainable and robust enough to cope with the huge uncertainty around the increase in life expectancy which we are hoping for. This chapter examines why, and when, things began to go wrong with the financing of British pensions.

The Impact of National Insurance Act, 1959, on Private Pension Schemes

1961 ◽  
Vol 16 (04) ◽  
pp. 233-260
Author(s):  
T. Hugh Beech
Keyword(s):  
Subject Matter ◽  
Present Situation ◽  
Pension Scheme ◽  
Private Pensions ◽  
Contracting Out ◽  
Pension Schemes ◽  
National Insurance ◽  
History Of ◽  
The Subject ◽  
The Impact

Can the National Pension Scheme as a whole now be expected to maintain solvency? On what lines may the Scheme be expected to develop in the future? Should contracting out not have been permitted?The temptation to go into these and other fascinating questions will be resisted as far as possible; it is proposed instead to confine the subject matter of this paper reasonably closely within the area implied in the title. In order to establish the context in which the present situation has arisen, it is appropriate, however, to begin with a very brief survey of the more recent history of national and private pensions in Britain before the passing of the National Insurance Act 1959, which will be referred to henceforward simply as ‘the Act’; the situation before the Act comes into operation will similarly be referred to as ‘pre-Act’. When the Act comes into operation two new situations will arise; ‘Contracted-in’ and ‘Contracted-out’. There are thus three conditions to consider, and as far as possible when using expressions in connexion with contracting out such as saving, extra cost, etc., it will be stated whether these are by comparison with the contracted-in or pre-Act position, lack of clarity on this point having been a source of confusion in some of the literature on the subject.

scholarly journals Strategic Management of Pension Scheme in Selected Private Manufacturing Organizations in South Eastern Nigeria

2016 ◽  
Vol 12 (34) ◽  
pp. 338
Author(s):  
Okechukwu, Elizabeth Uzoamaka ◽  
Nebo, Gerald ◽  
Eze, Jude
Keyword(s):  
Strategic Management ◽  
Survey Design ◽  
Pension Scheme ◽  
Small Enterprises ◽  
South Eastern ◽  
Infrastructural Development ◽  
Structural Framework ◽  
Pension Schemes ◽  
Manufacturing Organizations ◽  
The Government

Management of pension schemes in Nigeria has been characterized by multiple and diverse problems despite several modifications of the pension schemes by the government. The study examined the extent strategies adopted for pension management can enhance employees’ confidence in the scheme. The study adopted a survey design. The data were analyzed using tables, frequencies, and mean. Z- test was used to test the hypotheses at 0.05 significance. It was revealed that to a very large extent strategies adopted for pension and retirement management can enhance employees’ confidence in the management of the schemes. The researchers recommended among others that an efficient structural framework should be put in place always to monitor the contribution and implementation of the Contributory Pension Scheme. Pension plays an increasingly important role in the economy of any country because the money earmarked for pension could be used for the establishment of small enterprises and infrastructural development.

Occupational pension schemes for part-time workers: Equality in the eye of the beholder?

2018 ◽  
Vol 20 (4) ◽  
pp. 309-324
Author(s):  
Sarah Knoops
Keyword(s):  
Legal Protection ◽  
Occupational Pension ◽  
The European Union ◽  
Length Of Service ◽  
Equal Pay ◽  
Occupational Pensions ◽  
Pension Schemes ◽  
Classical Part ◽  
Part Time ◽  
The Impact

Although much attention is given to the newer forms of atypical work, a large percentage of employees still have a ‘classical’ part-time employment contract. 1 Despite long-standing legal protection against discrimination, these part-time workers risk receiving less favourable treatment. This article discusses the principle of non-discrimination in the field of occupational pensions from the perspective of part-time employment. It aims to show the adverse impact that seemingly neutral measures can have on the occupational pensions of part-time workers. By way of illustration, two cases of the Court of Justice of the European Union: the Schönheit and Becker case (length of service) and the Kleinsteuber case (split pension formula) are examined in detail. It is further argued that, in Kleinsteuber, the CJEU appears to have broadened the possibilities of justifying differential treatment. This tendency could threaten the efficiency of the principle of equal pay and non-discrimination for part-time workers as regards occupational pensions. Finally, the impact of these judgments on Belgian and Dutch occupational pension schemes is examined.

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