Role of 401(k) Accumulations in Providing Future Retirement Income

2005 ◽  
Author(s):  
Sarah Holden ◽  
Jack VanDerhei
Keyword(s):  
Retirement Income

The Role of Social Security in Retirement Income

1983 ◽  
Vol 5 (3) ◽  
pp. 301-318 ◽  
Author(s):  
David L. Klemmack ◽  
Lucinda Lee Roff
Keyword(s):  
Social Security ◽  
Retirement Income

scholarly journals Financialisation of pensions in semi-peripheral Portugal

2017 ◽  
Vol 18 (2) ◽  
pp. 189-209 ◽  
Author(s):  
João Rodrigues ◽  
Ana C Santos ◽  
Nuno Teles
Keyword(s):  
European Union ◽  
Capital Markets ◽  
Public Expenditure ◽  
Banking Sector ◽  
Pension System ◽  
Financial Sector ◽  
Retirement Income ◽  
Eu Countries

This article aims at contributing to the literature on the financialisation of pensions in Europe by examining the transformations occurring in semi-peripheral Portugal. The Portuguese case accounts for the variegated nature of financialisation in general, and of pension provision in particular, throughout Europe. While the country followed similar processes to those of core European Union (EU) countries, leading to an increasingly integrated financial sector in the international arena, this integration was mainly led by the banking sector rather than by capital markets. This helps account for the relatively reduced role of private retirement income products in the country. Nonetheless, the Portuguese pension system has been equally subject to reform, aiming at reducing its weight in public expenditure. The result is a contraction in coverage and benefit without achieving an equivalent match in supplementary private forms of pension provision. Under a prolonged period of stagnation and crisis, the deterioration of State pensions for the majority continues while a residual private, outward-oriented and foreign-owned pension sector grows for the most affluent, further exposing the systemic and variegated nature of financialisation processes in the semi-periphery.

scholarly journals Providing for retirement: some key issues

2005 ◽  
Vol 1 (2) ◽  
Author(s):  
Richard Hawke
Keyword(s):  
New Zealand ◽  
The Political ◽  
Retirement Income ◽  
Policy Debate ◽  
Public Provision ◽  
Role Of Government ◽  
Considerable Debate ◽  
Key Issues

This topic has become one of the most problematic areas of policy debate around the world. The onset of a marked demographic transition, combined with debate about the role of government and the efficiency of public provision, has provided both a trigger and a platform for debate. In New Zealand, retirement income policy has been a volatile and unresolved issue since the 1970s. During the 1980s and 1990s there was considerable debate about the long-term policy settings. Following the passage of the New Zealand Superannuation Act (2001) the issue appeared to drop off the political radar. However, it has been revived more recently as a result of political and other contributions – such as New Zealand First’s proposal for a “golden age card” and the New Zealand Institute’s discussion papers on an “Ownership Society”. This flow of ideas, combined with the shifting demographic profile, should ensure that retirement income will remain a live issue in the minds of the electorate.

The Calculation of Age

2014 ◽  
Vol 35 (11) ◽  
pp. 1627-1653 ◽  
Author(s):  
Cameron Graham
Keyword(s):  
20Th Century ◽  
Capital Markets ◽  
The Elderly ◽  
The Political ◽  
Retirement Income ◽  
Contemporary Society ◽  
Public And Private ◽  
The Individual

This article explores the role of calculative technologies, such as taxation, accounting and actuarial practices, in constructing ‘age’ in contemporary society. It argues that retirement income programs built on these technologies attempt to construct specific relations not just between the individual and other generations, but between the individual and herself at other stages of life. Retracing the series of Canadian attempts to secure income for the elderly over the course of the 20th century, the paper shows how calculative technologies have been used to connect responsibility for the elderly to the political rationalities of the day. This genealogy allows us to recognize how the present Canadian retirement income system, with its public and private programs addressing different subsets of the population, is contingent on neoliberal rationalities of governance. These demand the alignment of the individual with the goals of the capital markets, and seek to achieve this through a distributed agency that encourages the investment of individual savings in retirement income products. The paper argues that this distributed agency is perpetually incomplete, and that uncertainty is necessary in order that the individual be constantly remade as an investor.

scholarly journals Is there a motherhood penalty in retirement income in Europe? The role of lifecourse and institutional characteristics

2017 ◽  
Vol 38 (12) ◽  
pp. 2560-2589 ◽  
Author(s):  
KATJA MÖHRING
Keyword(s):  
Pension System ◽  
Later Life ◽  
Institutional Characteristics ◽  
Retirement Income ◽  
Structural Factors ◽  
Effective Measure ◽  
Career Interruptions ◽  
Employment Participation ◽  
To Receive

ABSTRACTThis study examines the retirement income of women in Europe, focusing on the effect of motherhood. Due to their more interrupted working careers compared to non-mothers and fathers, mothers are likely to accumulate fewer pension entitlements, and consequently, to receive lower incomes in later life. However, pension systems in Europe vary widely in the degree to which they compensate for care-related career interruptions by means of redistributive elements or pension care entitlements. Therefore, care interruptions may matter for the retirement income of women in some countries, but may be rather irrelevant in others. On the basis of life history data from the Survey of Health, Ageing and Retirement in Europe (SHARELIFE) for women aged between 60 and 75 years in 13 European countries, the interplay of individual lifecourse characteristics with institutional and structural factors is examined. The results show that the lower retirement income of mothers is mainly a result of fewer years in employment and lower-status jobs throughout the lifecourse. The analysis of institutional factors reveals that pension care entitlements are not able to provide a compensation for care-related cutbacks in working life. A generally redistributive design of the pension system including basic or targeted pension schemes, in contrast, appears as an effective measure to balance differences in employment participation over the lifecourse.

scholarly journals The Role of ERISA Preemption in Health Reform: Opportunities and Limits

2009 ◽  
Vol 37 (S2) ◽  
pp. 86-100 ◽  
Author(s):  
Peter D. Jacobson
Keyword(s):  
Health Reform ◽  
Retirement Income ◽  
President Obama ◽  
The Past ◽  
Reform Legislation ◽  
Policy Debates ◽  
Election Results ◽  
Retirement Income Security ◽  
Congressional Action

It should come as no surprise to any observer of health policy debates that the preemption provisions of the Employee Retirement Income Security Act (ERISA) will play a major role in determining the contours of any health reform initiative. For the past few years, many states have been aggressively pursuing health reform experiments, while congressional action has essentially been deadlocked along partisan political lines. Yet after the 2008 election results, there is reason to expect considerable congressional attention to health reform. President Obama has made health reform a priority of his administration, and several members of Congress have long been waiting for an opportunity to pursue health reform legislation.

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