State and local pension funds across America struggle financially. The aggregate state pension deficit ranges from $ 0.7 trillion to 2.5 trillion or more, depending on how one calculates the value in today’s dollars of future pension payments. Pension deficits at localities add as much as another half trillion dollars. Whatever the true figure, this is a big problem - funding this deficit immediately could require two year’s worth of state and local tax revenue, or more. Put another way, the higher estimates for the deficit are about the same size as the total amount states and localities have borrowed from the bond markets.

The last ten years have seen a high level of public debate and policy development around the subject of pensions and the financial situation for people post-retirement. A recent report by the Pensions Policy Institute suggested that ‘many people felt they would need to have a standard of living similar to working life, in order to be satisfied with their retirement income’.

Premiepensionssystemet är den fonderade delen av det allmänna ålderspensionssystemet.
Vid årsskiftet 2010/2011 omfattade premiepensionssystemet knappt 6,3 miljoner personer. Tanken med en fonderad del av pensionssystemet är att den enskilde har möjlighet att utjämna risken i den allmänna pensionen utifrån sin egen ekonomiska situation.

Having weathered the financial crisis, pension fund asset levels in most countries continue to show strong growth and are on the way to returning to pre-crisis levels. During 2010, both economic and financial indicators showed signs of further recovery. However, the outlook for future economic growth in developed economies remains uncertain and sluggish.

As baby boomers near traditional retirement ages, many express an intent to work longer. But older workers often look for greater flexibility that would allow them more time for non-work activities.

Dette notatet gir en foreløpig beskrivelse av arbeidstakeres kunnskap om pensjonsreformen, pensjonssystemet og egen tjenestepensjonsordning basert på data fra en surveyundersøkelse blant et representativt utvalg arbeidstakere i privat sektor.

Pensjonsforum arrangerte seminar om uføreproposisjonen torsdag 9. juni. Roar Bergan fra Arbeidsdepartementetstofor presentasjonen.

Norway is currently implementing a major pension reform. The detailed legislation for the new national old-age pension was passed with support from a broad majority in Parliament in June 2009, and formally the new law has gone into force from 1 January 2010.

Today, nearly all industrialized countries are ageing. An increasing number of individuals are becoming eligible for retirement, and the maturing of the pensions system gives increasing pension levels. With the present Norwegian pension system,which is a pay-as-you-go pension benefit system, an increasing burden of work and tax payments will have to be born by a declining number of individuals in the work force over the coming decades.

Managing (or at least slowing) the decline of private defined benefit (DB) pensions has been a top priority for US policymakers.

What is the impact of the shift from defined benefit to defined contribution plans on the pension wealth of households approaching retirement?

This fourth edition of Pensions at a Glance provides an expanded range of indicators for comparing pension policies and the outcomes of these policies between OECD countries. The indicators are also, where possible, provided for new OECD member countries and the other major economies that are members of the G20.