Artikler tagget med AUSTRALIA
The Australian Retirement Income System: Comparisons with and Lessons for the United States
07 januar 2015
Australia has an atypical retirement income system: it comprises a flat-rate, non-contributory, affluence-tested age pension, and a mandatory, defined contribution accumulation plan to which employers must contribute 9.25% (moving to 12%) of wages on behalf of their employees.
Just Interested or Getting Involved? An Analysis of Superannuation Attitudes and Actions
07 juli 2014
Low levels of non-default decision making among superannuation members in Australia are assumed to be evidence of a lack of interest and capability.
Progressive Tax Changes To Private Pensions in a Life-Cycle Framework
03 juli 2014
Tax concessions are a common feature of private pension pillars around the world. Most countries exempt pension fund earnings from any taxation but tax either benefits (EET regime) or contributions (TEE regime) progressively as regular private income. By contrast, Australias superannuation taxation features concessional ?at tax rates on contributions and fund earnings, with benefits being generally tax free.
Heterogeneity of Australian Population Mortality and Implications for a Viable Life Annuity Market
13 juni 2014
Heterogeneity in mortality rates is known to exist in populations, undermining the use of age and sex as the only rating factors for life insurance and annuity products. Life insurers underwrite life products using a variety of rating factors to allow for this heterogeneity.
Work, Money, Lifestyle: Plans of Australian Retirees02 mai 2014
Existing research shows that adjustment to retirement is correlated with pre-retirement planning. This study presents new insights into the retirement preparedness of Australians at the later stages of working life.
Public Sector Pension Funds in Australia: Longevity Selection and Liabilities07 april 2014
This paper assesses the cost and risk faced by public sector, defined benefit plan providers arising from uncertain mortality, including longevity selection, mortality improvements, and unexpected systematic shocks.
Civil Services and Military Retirement Income Provision in Australia19 mars 2014
This paper documents developments in public sector pensions in Australia, and reports estimated unfunded liabilities associated with benefits promised to public sector employees. Australia’s experience with public sector pensions is unusual – currently, the defence forces and the judiciary apart, all new entrants to public sector schemes confront defined contribution (DC) plans. The transition from defined benefit (DB) to DC has taken place over the last 20 years.