Explore the vast range of titles available.

Dieser Artikel analysiert die Formen und Verbreitung externer Durchführungswege der betrieblichen Altersversorgung nach Einführung des Betriebsrentenstärkungsgesetzes (BRSG) 2018 in Deutschland und deren Determinanten. Zunächst werden die wichtigsten Rentenreformen des deutschen Alterssicherungssystems seit 2001 kurz erläutert, bevor der Begriff Betriebsrente in Deutschland definiert und die arbeits-, steuer- und sozialversicherungsrechtlichen Grundlagen der betrieblichen Altersversorgung in Deutschland erläutert werden. Darüber hinaus wird im weiteren Verlauf der Arbeit das Betriebsrentenstärkungsgesetz erläutert. Nachdem die externen Durchführungswege der deutschen betrieblichen Altersvorsorge vorgestellt werden, folgt eine Analyse der Verbreitung externer Durchführungswege, wie Direktversicherung und Pensionsfonds. Im letzten Teil wird untersucht, ob das Betriebsrentenstärkungsgesetz das richtige politische Instrument zur Stärkung der betrieblichen Altersversorgung ist oder ob sogar die Einführung einer obligatorischen betrieblichen Altersversorgung sinnvoll wäre.

Obwohl das Schweizer Rentensystem im Großen und Ganzen gut funktioniert, bedarf es Reformen, um längerfristig wirksam zu sein. Die erste Säule steht, wie in vielen anderen Ländern auch, vor demografischen Herausforderungen, die ihre Wirksamkeit und Unterstützung über Generationen hinweg untergraben, während die zweite Säule von strukturellen Ineffizienzen und geringen Kapitalrenditen geplagt ist. Angesichts des direktdemokratischen Ansatzes in der Schweiz müssen Reformen im Detail von der breiten Bevölkerung und nicht nur von Technokraten unterstützt werden. Dieser Umstand hat die Reformen verlangsamt. Das Verständnis des Profils der Bürger, die Reformen nicht unterstützen, und die Fokussierung der Kommunikation sind daher von entscheidender Bedeutung, um das Tempo technisch notwendiger Reformen zu beschleunigen. Diese Studie nutzt die Daten einer Raiffeisen-Rentenbarometer-Umfrage, um solche Profile zu identifizieren. Wir werden sehen, dass die Profile der drei Säulen unterschiedlich sind und nur wenige Faktoren eine wesentliche Rolle spielen. Ein hohes Einkommen und eine hochqualifizierte Beschäftigung sind die wichtigsten Indikatoren für einen geringeren Reformbedarf, ebenso wie der Wohnsitz in der Westschweiz. Das Alter der Befragten Personen dieser Umfrage wirkt sich zwar auf das Vertrauen in das System aus, hat jedoch im Allgemeinen keinen Einfluss auf den wahrgenommenen Reformbedarf.

Governments around the world are reforming their social security systems in light of the challenges posed by population aging. We study the 1993 Australian Age Pension reform, which progressively increased the eligibility age for women from 60 to 65 years. We find economically significant responses to the reform. An increase in the eligibility age of one year induced a decline in the probability of retirement by 12 to 19 percentage points. In addition, the reform induced significant program substitution, with increases in enrollment in other social insurance programs, particularly the disability support pension, which effectively functioned as an alternative source of retirement income.

This paper takes stock of Chile's defined contribution pension system and assesses reform options aimed at increasing replacement rates. An international comparison shows that, despite being quite influential when established, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics, declining global returns, higher-than-expected informality in the labor market, and, more recently, to legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic. We find that a reform that raises contribution rates and the retirement age would significantly improve replacement rates and lower fiscal costs associated with the system, especially if accompanied by complementary policies to boost workers' contribution density.

Individuals differ in how they construct their investment portfolios, yet empirical models of portfolio risk typically account only for a small portion of the cross-sectional variance. This paper asks whether genetic variation can explain some of these individual differences. Following a major pension reform Swedish adults had to form a portfolio from a large menu of funds. We match data on these investment decisions with the Swedish Twin Registry and find that approximately 25% of individual variation in portfolio risk is due to genetic variation. We also find that these results extend to several other aspects of financial decision-making.

In this paper, we exploit pension reform-induced changes in retirement eligibility requirements to assess the role of grandparental childcare availability in the labor force participation of women with children under 15. Our analysis shows that, among the women studied, those whose own mothers are retirement eligible have a 11% higher probability of being in the labor force than those whose mothers are ineligible. The pension eligibility of maternal grandfathers and paternal grandparents, however, has no significant effect on the women’s labor force participation. We also demonstrate that the eligibility of maternal grandmothers mainly captures the effect of their availability for childcare. Hence, pension reforms, by potentially robbing households of an important source of flexible, low-cost childcare, could have unintended negative consequences for the employment rates of women with young children.

Individuals’ need for extended working lives depends on the design of pension systems, including occupational pensions. This article examines variation in occupational pension generosity and coverage in Norway’s private sector. The analysis consists of microsimulations of future pension outcomes for cohorts born in 1953, 1963, 1973 and 1983. The first set of calculations estimate average pension levels for individuals with different pension packages who retire at 67; the second, how much longer workers in different cohorts will have to work in order to obtain a replacement rate of 70%. The overall finding is that while all workers in Norway must extend working life in the future, those with the most generous occupational pensions can retire about four years earlier than those with the least generous packages. This shows that the design and regulation of occupational pensions are crucial to the debate on extended working lives.

Remarking on the discourse of pension management in Nigeria, scarce research attention can be traced to the understanding of pension management challenges and life after retirement experience through the prism of policy implication. To address this gap, the study assesses the pattern of pensioners’ life after retirement, the arrays of pension management challenges, and appropriate policy implications for effective pension management. A mixed-method research approach was employed. 345 retirees were randomly recruited and administered a questionnaire, and 18 purposively semi-structured interviews were conducted with the Federal Parastatals and Private Sector Pensioners Association of Nigeria. Quantitative data were analyzed with the frequency distribution and the Q-Q plot to determine the normal probability plot, while the NVivo (12) qualitative software was used for the identification of themes and sub-themes from the transcribed data. Findings revealed prolonged health challenges, poverty, and abrupt pension payment as life after retirement experiences. Verification bottleneck, poor monitoring and evaluation efforts, and administrative incompetency were issues around pension management challenges. The implication includes addressing political interference in pension management and administration, safeguarding retirees’ savings through legal commitment, and a call for employers’ contributions. The study recommends that the National Pension Commission become more responsive in its role of providing quality pension service, especially in terms of quality leadership, monitoring, and evaluation of Pension Fund Administrators.