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Private Pensions and Policy Responses to the Financial
Private Pensions and Policy Responses to the Financial

... provinces (such as Alberta) and between the Swedish Financial Supervisory Authority, industry and with policy makers. In Spain, meetings between supervisors and industry participants (e.g. INVERCO, the Spanish Association of Investment and Pension Funds) have been held to discuss problems faced, inc ...
Document
Document

Changing world of work, and the challenges for Trade Unions
Changing world of work, and the challenges for Trade Unions

... • Are there any minimum rights/standards guaranteed to all workers in your country? • What are the main shortcomings of the social security schemes and system in your country? • What are the ‘means’ available to unions to enforce workers rights (especially rights to organize & collective bargaining) ...
Senate Select Committee On Superannuation Inquiry Into Planning
Senate Select Committee On Superannuation Inquiry Into Planning

... 18. The ACTU is strongly opposed to any proposals which would make it harder for workers to retire at an age chosen by them. The reality is that many workers, particularly those in physical occupations, are unable to work much beyond 50. It is also clear that even where older workers wish for employ ...
Costa Rica_en.pdf
Costa Rica_en.pdf

... 2014 (compared with 5.1% at year-end 2013). This worsening position reflects an expected widening of the goods balance deficit by 0.6 percentage points of GDP and of the income account deficit by 0.5 points, partly offset by a 0.9-percentage-point improvement in the services balance. Meanwhile, fore ...
High-level Regional Policy Dialogue on
High-level Regional Policy Dialogue on

... unemployment rate in cities changed little. According to the statistics of Ministry of Human Resource and Social Security, around 20 million migrant workers in cities lost their jobs to go back home in the countryside during the winter of 2008 and spring of 2009. The ratio of position provided/ posi ...
Word
Word

... CR gained in total nearly 194 CZK bn in 2015, which represented more than one fifth of the received funds for the period 2007–2015. Nearly 57% of revenues were associated with the structural funds in 2015, which also participated the most on the fastened drawing completion (they were by 53 CZK bn hi ...
Suriname_en.pdf
Suriname_en.pdf

... The economy recorded an estimated growth rate of 5% in 2007, stimulated by further increases in the international prices of gold and bauxite. This represented the eighth consecutive year of real economic expansion, a record by Surinamese standards. The main contributor to GDP growth was the mining s ...
2 Changing world of work, and the challenges
2 Changing world of work, and the challenges

... Korea, Burma, Thailand, Vietnam, etc have not ratified these conventions although FoA & Right to collective bargaining exists in some form or the other. In practice, little or no respect for workers right to form unions, to union recognition & to negotiate collective agreements - (TU density & CB co ...
Macroeconomic Policy and the Euro Area after the Crisis
Macroeconomic Policy and the Euro Area after the Crisis

... US UK ...
Numerical Example (National Income)
Numerical Example (National Income)

Peru_en.pdf
Peru_en.pdf

... increased by 12.7% (11.1% in real terms) over the same period in 2009, driven by higher capital spending (up 37.8%), particularly on road infrastructure projects. A 3.2% rise in financial expenditure was mainly due to higher domestic debt-related costs. In turn, current revenues rose by 23.5% in the ...
Newsletter 15 April 2015 - Armstrong Investment Managers
Newsletter 15 April 2015 - Armstrong Investment Managers

... Beginning to tighten in early summer should provide the Fed with an ideal scenario of market expectations gradually shifting higher with each consecutive rate hike. From the Fed's perspective, they could lower their own forecasts for the end of 2017, which would allow for a slightly longer period of ...
Eastern Caribbean Currency Union_en.pdf
Eastern Caribbean Currency Union_en.pdf

... 84.5 million) increase in tax revenue collected across all major tax categories. Closer analysis of the increase in tax revenue reveals that sales and value added tax (VAT) receipts were significantly up year on year over the first two quarters of 2014, with rises of 17.3% and 4.7%, respectively. Hi ...
The impact of ageing on the Spanish economy
The impact of ageing on the Spanish economy

... longevity is not rising but the birth rate is falling is doomed to experience far more pronounced population ageing than a society in which longevity is also increasing. This is because increasing longevity is the result of an improvement in individuals’ health and living conditions over the course ...
Belize_en.pdf
Belize_en.pdf

... projected to expand from 0.9% of GDP in 2010 to 1.2% of GDP in 2011. The actual outcome might be better than projected, however, as a surplus of 3.3% of GDP was registered during the first half of the year, fuelled by dynamic growth (36.1%) in exports, which offset the 24.5% increase in imports. Pet ...
U.S. Economy
U.S. Economy

... • Northern industrial areas which are losing jobs to either the Sunbelt or foreign competitors • High paying industrial jobs are being replaced, if at all, but low paying service sector jobs. ...
The Final Countdown!
The Final Countdown!

... unemployment. The recent Job Opening and Labour Turnover Survey (JOLTS) suggests this slack is shrinking at an impressive rate. In July, job openings hit a record high of 5.7 million, an increase of more than 1 million year over year. The ratio of hires to new openings further hit a pre-recession le ...
Mid-Year Financial Review 2008
Mid-Year Financial Review 2008

... fiscal year 2012. As a share of the nation’s output (GDP), this shortfall of 7.0% is nearly 2 percentage points below the 2011 deficit, but still higher than any deficit between 1947 and 2008. ...
We model the relationship between the base rate set by
We model the relationship between the base rate set by

... in financial institutions by means of liquidity injections and proposed regulatory reforms. But the crisis also posed new problems for policy-makers in setting interest rates to steer the economy towards stable inflation and output levels. One of the main symptoms of the crisis has been the widening ...
Multi-Year Financial Plan
Multi-Year Financial Plan

... Committee and approved by the Board of Visitors in March 2015. It reflects the sources and uses of funding required by and produced by the multi-year Cornerstone Strategic Plan, approved by the Board of Visitors in November ...
Multi-Year Financial Plan (PDF)
Multi-Year Financial Plan (PDF)

... Committee and approved by the Board of Visitors in March 2015. It reflects the sources and uses of funding required by and produced by the multi-year Cornerstone Strategic Plan, approved by the Board of Visitors in November ...
Chapter 14
Chapter 14

...  Explain who are the uninsured.  Describe the recent legislative developments regarding universal health care coverage in the U.S.  Explain the meaning of a personal health insurance mandate.  Describe increases of unauthorized immigrants and the effects of this increased population.  Explain t ...
Review of Final Exam Study Guide
Review of Final Exam Study Guide

... Discouraged workers are those who would like to have a job but they have not looked for work in the past four weeks. 11. What are involuntary part-time workers? Involuntary part-time workers are people who would like to work full-time but cannot find a full-time job. •12. Explain frictional, structu ...
Fiscal Policy - Solon City Schools
Fiscal Policy - Solon City Schools

... Increasing Government Spending ...
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Pensions crisis

The pensions crisis is a predicted difficulty in paying for corporate, state, and federal pensions in the United States and Europe, due to a difference between pension obligations and the resources set aside to fund them. Shifting demographics are causing a lower ratio of workers per retiree; contributing factors include retirees living longer (increasing the relative number of retirees), and lower birth rates (decreasing the relative number of workers, especially relative to the Post-WW2 Baby Boom). There is significant debate regarding the magnitude and importance of the problem, as well as the solutions.For example, as of 2008, the estimates for the underfunding of U.S. states' pension programs range from $1 trillion using the discount rate of 8% to $3.23 trillion using U.S. Treasury bond yields as the discount rate. The present value of unfunded obligations under Social Security as of August 2010 was approximately $5.4 trillion. In other words, this amount would have to be set aside today such that the principal and interest would cover the program's shortfall between tax revenues and payouts over the next 75 years.Some economists question the concept of funding, and, therefore underfunding. Storing funds by governments, in the form of fiat currencies, is the functional equivalent of storing a collection of their own IOUs. They will be equally inflationary to newly written ones when they do come to be used.Reform ideas are in three primary categories: a) Addressing the worker-retiree ratio, via raising the retirement age, employment policy and immigration policy; b) Reducing obligations via shifting from defined benefit to defined contribution pension types and reducing future payment amounts (by, for example, adjusting the formula that determines the level of benefits); and c) Increasing resources to fund pensions via increasing contribution rates and raising taxes.
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