pensions

Pensions education sector annual conference

Following the success of our inaugural pensions education sector conference 2019 we will be holding another conference next year in our Birmingham office. ...




pensions

Public Sector Pensions Speedbrief: Supreme Court refuses Government permission to appeal in public sector age discrimination cases

It has been reported that on 27 June 2019, the Supreme Court denied the Government’s request for permission to appeal against the Court of Appeal’s decision in the cases of McCloud and Sargeant regardi...




pensions

UK Pensions agenda - July 2019

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pensions

Pensions investment newsletter

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pensions

Pensions Agenda - October 2019

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pensions

Global Pensions Agenda - December 2019

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pensions

UK Pensions Agenda - January 2020

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pensions

Consultation on the Pensions Regulator’s new DB Funding Code - What you need to know

The Pensions Regulator has published the first of its long awaited consultations on a new DB Funding Code. This consultation covers the principles underpinning the Regulator’s approach. A second consultation will follow later in the ...




pensions

Coronavirus: what pensions steps should you take now? - UK

The speed and size of the impact of Covid-19 on the UK is stunning – we now see businesses closing, stock markets falling and much of the population staying at home. There’s so much to take in - this speedbrief will help you understand t...




pensions

Coronavirus - The Pensions Regulator’s guidance on COVID-19 - UK

The Pensions Regulator recognises that these are “unprecedented times” and that trustees and employers are facing significant and complex challenges across a range of issues including administration, investment, funding and employer cove...




pensions

Coronavirus - Pensions and COVID-19 - Netherlands

Most people will be reluctant to consider the possible consequences for retirement, in respect of the COVID-19 outbreak. However, this is not justified. As more and more people in the Netherlands are becoming infected with the virus and are adv...




pensions

Coronavirus Job Retention Scheme: key pensions issues - UK

On Thursday 27 March, the UK Government released fuller details of the new Coronavirus Job Retention Scheme (or “Furlough Scheme”) first announced on Friday 20 March, with guidance being published for both employers and Full Article



pensions

Coronavirus – podcast on implications for pensions – UK

In the latest edition of our "Barker's Dozen" 13-minute pensions podcast series, François Barker and two partners explore the coronavirus outbreak and its implications for UK pensions. We will follow this podcast with a series ...




pensions

Coronavirus - Pensions webinar series - UK

COVID-19 has changed the legal and practical ground rules for pensions and employment – certainly in the short term and quite possibly over the longer term too. In our series of pensions webinars, our team will help you navigate the ...




pensions

Pensions Regulator’s expectations on funding and communications in a crisis

The Pensions Regulator has issued its 2020 annual funding statement which provides more guidance for plans going through a valuation process and new Full Article



pensions

Coronavirus – Weekly Pensions Clinic for Clients - Ireland

Coronavirus restrictions are causing significant ongoing disruption and difficulties for employers, pension trustees, administrators and providers. To assist our clients during these unprecedented times, we are introducing a weekly pensions clinic. ...




pensions

Some recent LGPS Pensions Ombudsman decisions

Pension Ombudsman determinations are a snap shot of issues which can and do arise in relation to the LGPS. This speedbrief looks at two recent determinations relating to the construction of the LGPS Regulations and the effect of in...




pensions

UK Pensions speedbrief - Pensions Regulator publishes details of first enforcement action for auto-enrolment non-compliance

Pensions Regulator publishes details of first enforcement action for auto-enrolment non-compliance The Pensions Regulator has published its first section 89 report relating to breaches of the aut...




pensions

Holiday pay litigation - the implications for pensions

Last month, the Employment Appeal Tribunal (EAT) handed down its decision in the combined appeals in Bear Scotland Ltd v Fulton and Baxter; Hertel (UK) Ltd v Wood and others; and Amec Group Ltd v Law and others.  All three cases looked at the i...




pensions

UK Local Government Pensions speedbrief: Local Government Pension Scheme liabilities on academy conversions

Local Government Pension Scheme liabilities on academy conversionsBackground The treatment of Local Government Pension Scheme (LGPS) liabilities on academy conversions has been presenting significant difficulties for some time, with pension liabilit...




pensions

UK Public Sector Pensions Speedbrief: All a-Board! Final LGPS governance regulations issued

The Local Government Pension Scheme (Amendment)(Governance) Regulations 2015 were laid before Parliament on 28 January 2015.  Issued under the Public Service Pensions Act 2013, these...




pensions

UK HR and Pensions Speedbrief: Public sector exit pay reform – Exit pay schemes must conform

A commitment to reduce public sector termination packages has seen the Government explore various proposals for reform in recent years; from draft regulations seeking recovery of termination payments, to a financial cap upon the amount of any indivi...




pensions

Algeria approves 2-7% increase in retirement pensions




pensions

Rangers call for suspensions to SPFL chief executive Neil Doncaster after 'serious' vote concerns

Rangers have called for SPFL's chief executive Neil Doncaster and its legal adviser Rod McKenzie to be suspended "while an independent investigation is conducted' following their vote on how to end the season.




pensions

Treasurer Josh Frydenberg to review Pensions Loan Scheme interest rate after 'gouging' allegations

The current 5.25 per cent interest rate for reverse mortgages under the Government's Pension Loans Scheme has not fallen despite three official cash rate cuts this year.




pensions

Google workers protest suspensions of activist employees

Protests within Google over how the company handles employee activism continue to grow.




pensions

Assistant Attorney General Thomas E. Perez Testifies Before the Senate Committee on Health, Education, Labor, and Pensions on the ADA and Olmstead Enforcement

"For the Department of Justice, turning the promise of the Olmstead decision into a reality for individuals with disabilities across the nation has become a major component of ADA enforcement," said Assistant Attorney General Thomas E. Perez.




pensions

Assistant Attorney General Thomas E. Perez Testifies Before the U.S. Senate Committee on Health, Education, Labor and Pensions

"The Department’s Olmstead enforcement activities are dynamic and ongoing," said Assistant Attorney General Perez.




pensions

Public pensions in flux: Can the federal government's experiences inform state responses?


In many policy-related situations, the states can be useful laboratories to determine the most appropriate federal actions. Variations across states in health care programs, earned income credit rules, minimum wages, and other policies have helped inform debates about federal interventions.

In this paper, we reverse that approach. Many state and local governments currently face difficulties financing future pension obligations for their workers. The federal government, however, faced similar circumstances in the 1980s and successfully implemented a substantial reform. We examine the situation the federal government faced and how it responded to the funding challenge. We present key aspects of the situation facing state governments currently and draw comparisons between them and the federal situation in the 1980s. Our overarching conclusion is that states experiencing distress today about the cost and funding of its pension plans could benefit from following an approach similar to the federal government’s resolution of its pension problems in the 1980s.

The federal government retained the existing Civil Service Retirement System (CSRS) for existing employees and created a new Federal Employees’ Retirement System (FERS) for new employees. FERS combined a less generous defined benefit plan than CSRS, mandatory enrollment in Social Security, and a new defined contribution plan with extensive employer matching. Although we do not wish to imply that a “one size fits all” solution applies to the very diverse situations that different states face, we nonetheless conclude that the elements of durable, effective, and just reforms for state pension plans will likely include the major elements of the federal reform listed above.

Section II discusses the federal experience with pension reform. Section III discusses the status and recent developments regarding state and local pensions. Section IV discusses the similarities in the two situations and how policy changes structured along the lines of the federal reform could help state and local governments and their employees.

Download "Public Pensions in Flux: Can the Federal Government’s Experiences Inform State Responses?" »

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Image Source: © Max Whittaker / Reuters
      
 
 




pensions

Pensions at a Glance 2019 - Key findings for Spain

Key findings for Spain from the report "Pensions at a Glance 2019"




pensions

Pensions at a Glance 2013 - Highlights for Switzerland

Income-poverty rates are high among the over-65s in Switzerland. The effective age of labour market exit is high in Switzerland in international comparison...




pensions

Pensions at a Glance 2017 - Key findings for Switzerland

Key findings for Switzerland from the report "Pensions at a Glance 2017"




pensions

Pensions at a Glance 2019 - Key findings for Switzerland

Key findings for Switzerland from the report "Pensions at a Glance 2019"




pensions

Pensions at a Glance 2011 - Slovak Republic country profile

The country profile: pension eligibility ages and other qualifying conditions; the rules for calculating benefit entitlements; the treatment of early and late retirees; personal income tax and social security contributions.




pensions

Pensions at a Glance 2013 - Highlights for Portugal

Old-age poverty decreased in Portugal in the final few years of the last decade by more than twice the OECD average. The effective age of labour market exit is high in Portugal in international comparison...




pensions

Pensions at a Glance 2017 - Key findings for Poland

Key findings for Poland from the report "Pensions at a Glance 2017"




pensions

Pensions at a Glance 2019 - Key findings for Poland

Key findings for Poland from the report "Pensions at a Glance 2019"




pensions

Pensions at a Glance 2015: Highlights for the United States

This 4-page online document presents the key findings from OECD Pensions at a Glance 2015 and why it is important for the United States. It also identifies two key pension policy measures which would help improve the performance of pension systems in the United States.




pensions

Pensions at a Glance 2017 - Key findings for the United States

Key findings for the United States from the report "Pensions at a Glance 2017"




pensions

Pensions at a Glance 2019 - Key findings for the United States

Key findings for the United States from the report "Pensions at a Glance 2019"




pensions

Pensions at a Glance 2013 - Highlights for Canada

Income poverty rates in old-age are relatively low in Canada but have increased over time. Public transfers contribute less to the incomes of the over 65s than capital...




pensions

Pensions at a Glance 2017 - Key findings for Canada

Key findings for Canada from the report "Pensions at a Glance 2017"




pensions

Pensions at a Glance 2019 - Key findings for Canada

Key findings for Canada from the report "Pensions at a Glance 2019"




pensions

Pensions at a Glance 2017 - Key findings for The Netherlands

Key findings for The Netherlands from the report "Pensions at a Glance 2017"




pensions

Pensions at a Glance 2019 - Key findings for The Netherlands

Key findings for The Netherlands from the report "Pensions at a Glance 2019"




pensions

Pensions at a Glance 2011 - Turkey country profile

The country profile: pension eligibility ages and other qualifying conditions; the rules for calculating benefit entitlements; the treatment of early and late retirees; personal income tax and social security contributions.




pensions

Financial markets, insurance and pensions: Digitalisation and Finance

This publication compiles a series of articles that focus on the impact of digitalisation and technology in the areas of financial markets, insurance, and private pensions. It also discusses the tools and policies needed to ensure that the challenges posed by digitalisation result in better outcomes and better management of the risks involved.




pensions

Design of funded private pensions needs to be improved

Funded Pension arrangements, in particular defined contribution ones, are playing a growing role in complementing retirement income from public sources in OECD countries and worldwide. However, their design needs to be improved, according to a new OECD report.




pensions

Pensions at a Glance 2017 - Key findings for Australia

Key findings for Australia from the report "Pensions at a Glance 2017"




pensions

Pensions at a Glance 2019 - Key findings for Australia

Key findings for Australia from the report "Pensions at a Glance 2019"