The Evolution of Supplementary Pensions
25 Years of Pension Reform
Published on 21. January 2022
Book
Hardback
488 pages
978-1-80037-297-9 (ISBN)
Description
Presenting the evolution of supplementary pensions over the past 25 years, this comprehensive book introduces the origin of pensions as a concept and explores the role that international organisations play within the field. It draws comparisons between different welfare states, reflecting upon current research and identifying new directions and ideas.
Despite observing significant differences in the approaches to pension design, the book identifies common challenges, including the need to provide for an increasingly aging population, slow economic growth following the 2008 global financial crisis, the need for effective regulation, and increased labour market flexibility. Leading scholars analyse the experiences of a broad range of countries and offer insights into their responses to the numerous challenges faced by national pension systems. The book covers significant moments in pensions history following the World Bank's 1994 report on Averting the Old Age Crisis, and subsequent responses to challenges posed by longevity and economic crises.
This book will be an ideal companion for academic researchers and financial law scholars interested in pensions and looking to develop an international perspective on the issue, as well as professionals in the pensions industry who are engaging with other countries and looking to develop their knowledge of overseas pension systems.
Despite observing significant differences in the approaches to pension design, the book identifies common challenges, including the need to provide for an increasingly aging population, slow economic growth following the 2008 global financial crisis, the need for effective regulation, and increased labour market flexibility. Leading scholars analyse the experiences of a broad range of countries and offer insights into their responses to the numerous challenges faced by national pension systems. The book covers significant moments in pensions history following the World Bank's 1994 report on Averting the Old Age Crisis, and subsequent responses to challenges posed by longevity and economic crises.
This book will be an ideal companion for academic researchers and financial law scholars interested in pensions and looking to develop an international perspective on the issue, as well as professionals in the pensions industry who are engaging with other countries and looking to develop their knowledge of overseas pension systems.
Reviews / Votes
'An excellent book that summarizes 25 years of supplemental pension reforms in 15 OECD countries. Several chapters focus on important analytical issues, such as the role of international organizations in promoting change and how social reforms may win and maintain popular trust.' -- Mitchell A Orenstein, University of Pennsylvania, US 'The expertise and deep insights of the 30 contributors covering more than 25 years of pensions policy development and implementation in 15 countries make this a book that anyone making or scrutinising pensions policy, legislating for it, regulating it or researching it should have in their library. The insights in the book will help the reader identify the many pitfalls to avoid, the many risks to manage and to consider how to build resilience into pension systems.' -- Philip Bennett, Durham Law School, UKMore details
Language
English
Place of publication
Cheltenham
United Kingdom
Target group
Professional and scholarly
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-1-80037-297-9 (9781800372979)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
Edited by James Kolaczkowski, Lecturer in Law, University of Exeter, UK, Michelle Maher, Programme Manager, See Her Elected (SHE), Ireland, Yves Stevens, Professor of Law and Jakob Markus Werbrouck, KU Leuven, Belgium
Content
Contents:
Preface ix
1 Introduction 1
James Kolaczkowski, Yves Stevens and Jakob Markus Werbrouck
2 On the origin of pensions 10
Yves Stevens
3 The role of international organizations in the last 25 years
and their effect on pension reforms throughout the world 37
Paul Roels
4 Belgium: 25 years of occupational pension schemes for
employees in Belgium from a legal perspective 62
Emma Suzanne van Aggelen and Jakob Markus Werbrouck
5 Finland: Pension reforms in Finland 77
Susan Kuivalainen and Kati Kuitto
6 France: A national overview 99
Arnauld D'Yvoire
7 Germany: About unpopular but necessary reforms 122
Heinz-Dietrich Steinmeyer
8 Greece: ? perpetual struggle against the sovereignty of
public pension regimes 138
Gabriel Amitsis
9 Ireland: Talking about change - Pension reform in Ireland
1994-2019 164
Michelle Maher
10 Italy: The Italian pension system - reform trajectories and
open issues 182
Felice Roberto Pizzuti and Michele Raitano
11 The Netherlands: Pensions in the Netherlands - from
defined benefit to defined contribution 207
Erik Lutjens
12 Poland: A preliminary assessment 229
Marek Szczepanski, Joanna Ratajczak, Kamila Bielawska,
Joanna Rutecka-Gora and Sylwia Pienkowska-Kamieniecka
13 The development of supplementary pensions in Portugal:
Influenced by ideas, the process of European integration
and national idiosyncrasies 257
Maria Clara Murteira
14 Spain: The evolution of the Spanish private pension
system: 1994-2019 279
Inmaculada Dominguez Fabian and John A. Turner
15 Sweden: (Supplementary) pensions 1994-2019 305
Eskil Wadensjoe
16 Switzerland: 25 years of occupational pension provision
(1995-2020) 320
Jacques-Andre Schneider
17 The United Kingdom: Political and labour market influences 348
Bryn Davies and James Kolaczkowski
18 The United States: The evolution of the US pension system
- 1994-2019 370
Jonathan Barry Forman, Dana M. Muir and John A. Turner
19 Pensions and the paradox of Trust: Developments over the
past 25 years 392
Kamila Bielawska, Sally Shen and John A. Turner
20 Changes in approach to risk sharing in supplementary
pension schemes 410
Anna Gierusz, Patrycja Kowalczyk-Rolczynska, Agnieszka
Poblocka and Joanna Rutecka-Gora
21 Editors' view and conclusion 439
James Kolaczkowski, Yves Stevens and Jakob Markus
Werbrouck
Index
Preface ix
1 Introduction 1
James Kolaczkowski, Yves Stevens and Jakob Markus Werbrouck
2 On the origin of pensions 10
Yves Stevens
3 The role of international organizations in the last 25 years
and their effect on pension reforms throughout the world 37
Paul Roels
4 Belgium: 25 years of occupational pension schemes for
employees in Belgium from a legal perspective 62
Emma Suzanne van Aggelen and Jakob Markus Werbrouck
5 Finland: Pension reforms in Finland 77
Susan Kuivalainen and Kati Kuitto
6 France: A national overview 99
Arnauld D'Yvoire
7 Germany: About unpopular but necessary reforms 122
Heinz-Dietrich Steinmeyer
8 Greece: ? perpetual struggle against the sovereignty of
public pension regimes 138
Gabriel Amitsis
9 Ireland: Talking about change - Pension reform in Ireland
1994-2019 164
Michelle Maher
10 Italy: The Italian pension system - reform trajectories and
open issues 182
Felice Roberto Pizzuti and Michele Raitano
11 The Netherlands: Pensions in the Netherlands - from
defined benefit to defined contribution 207
Erik Lutjens
12 Poland: A preliminary assessment 229
Marek Szczepanski, Joanna Ratajczak, Kamila Bielawska,
Joanna Rutecka-Gora and Sylwia Pienkowska-Kamieniecka
13 The development of supplementary pensions in Portugal:
Influenced by ideas, the process of European integration
and national idiosyncrasies 257
Maria Clara Murteira
14 Spain: The evolution of the Spanish private pension
system: 1994-2019 279
Inmaculada Dominguez Fabian and John A. Turner
15 Sweden: (Supplementary) pensions 1994-2019 305
Eskil Wadensjoe
16 Switzerland: 25 years of occupational pension provision
(1995-2020) 320
Jacques-Andre Schneider
17 The United Kingdom: Political and labour market influences 348
Bryn Davies and James Kolaczkowski
18 The United States: The evolution of the US pension system
- 1994-2019 370
Jonathan Barry Forman, Dana M. Muir and John A. Turner
19 Pensions and the paradox of Trust: Developments over the
past 25 years 392
Kamila Bielawska, Sally Shen and John A. Turner
20 Changes in approach to risk sharing in supplementary
pension schemes 410
Anna Gierusz, Patrycja Kowalczyk-Rolczynska, Agnieszka
Poblocka and Joanna Rutecka-Gora
21 Editors' view and conclusion 439
James Kolaczkowski, Yves Stevens and Jakob Markus
Werbrouck
Index