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15 years of pension reform in Germany : old successes and new threats

Recurso electrónico / electronic resource
Colección: Artículos
Título: 15 years of pension reform in Germany : old successes and new threats / Holger BoninAutor: Bonin, Holger
Notas: Sumario: The article suerveys the state of the German pension system after a sequence of reforms aimed at achieving long-term sustainability. Authors argue that the latest reforms have moved pension provision in Germany in principle froma a defined benefit to a defined contribution scheme, and that this move has stabilised pension finances to a large extent. They argue that the real economy consequences of the global financial crisis create threats to the core success factors of the reforms - cutting pension levels and raising mandatory pension age. Finally the article discusses further possible reform measures, including the option to install a fourth pillar, providing income in retirement through working after pension ageRegistros relacionados: En: Geneva papers on risk and insurance : issues and practice. - Geneva : The Geneva Association, 1976- = ISSN 1018-5895. - 01/10/2009 Tomo 34 Número 4 - 2009 , p. 548-560Materia / lugar / evento: Planes de pensiones Reforma financiera Política económica Crisis financiera Medidas Alemania Otras clasificaciones: 345
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