China is at a critical juncture in its economic transition. Comprehensive reform of its pension and social security systems is an essential element of a strategy aimed toward achieving a harmonious society and sustainable development. A widely held view among policy makers is that the current approach to pension provision is insufficient to enable China’s economy and population to realize its development objectives in the years ahead.

Portability of social benefits across professions and countries is an increasing concern for individuals and policy makers. Lacking or incomplete transfers of acquired social rights are feared to negatively impact individual labor market decisions as well as capacity to address social risks with consequences for economic and social outcomes.

This paper investigates the causal effects of the announcement of an increase in the statutory pension age on employee retirement expectations. In June 2010, the Dutch government signed a new pension agreement with the employer and employee organizations that entailed an increase in the statutory pension age from 65 currently to 66 in 2020 for all inhabitants born after 1954. Given the expected increase in average life expectancy, it was also decided that in 2025 the pension age would be further increased to 67 for those born after 1959.

The growth of private pensions and their expanding role in retirement income systems calls for a better understanding and management of the risks that they are exposed to. Investment risk features most prominently amongst them, as evidenced by the average decline of 20 percent in OECD private pension assets between January and October 2008.

In this paper we use the actual rules and formulas of an occupational pension fund, the state pension fund and the tax system in the Netherlands to calculate net replacement rates at each age from 60 to 70 in full and partial retirement scenarios. We then vary the parameters of the pension formulas to study the sensitivity of the replacement rates.

The paper deals with the question of whether it is possible to combine the insights and recommendations of optimal individual lifecycle investing with the proven gains of defined benefit pension funds. These gains primarily stem from cost efficiency and (intergenerational) risk sharing.

Current government proposals for reform of the UK pension system are predicated, in part, on the view that simplification of the policy environment will help individuals take responsibility for their own retirement needs. This view currently enjoys widespread public support due to the complexity of the contemporary system of retirement provisions in the UK.

Fafo har på oppdrag for Pensjonskontoret undersøkt tidligpensjoneringsbeslutning i kommunal og fylkeskommunal sektor. Hovedformålet har vært å kartlegge og analysere hvilke faktorer som har betydning for henholdsvis å gå av tidlig, trappe gradvis ned eller fortsette i arbeid på fulltid etter fylte 62 år.

Det er stor interesse for analyser av utviklingen i sysselsetting og mottak av pensjoner etter pensjonsreformen som ble innført 1. januar 2011. I denne rapporten beskrives utviklingen i sysselsettingen blant eldre. Data om mottak av pensjoner forelå ikke da rapporten ble skrevet og dette aspektet vil først komme med i senere utgaver.

This paper assesses the impact of different quantitative approaches to regulate investment risk on the retirement income stemming from defined contribution (DC) pension plans. It looks at how such regulations affect the spectrum of investment policies available and, through this channel, how they affect the retirement income that an individual may expect from a DC pension plan.

Avtalen om et mer inkluderende arbeidsliv (IA-avtalen) i Norge ble undertegnet i 2001. Samme år ble arbeidet med å reformere pensjonssystemet igangsatt. I denne rapporten har vi sett på hva Danmark, Sverige og Finland har gjort for å redusere tidligpensjoneringen og øke yrkesdeltakelsen blant eldre.

This paper investigates the impact of financial incentives on early retirement behaviour for high and low wage earners. Using a stylized life-cycle model, we derive hypotheses on the behaviour of the two types. We use administrative data and employ two identification strategies to test the predictions.