PENSION INSURANCE IN THE ECONOMICALLY DEVELOPED COUNTRIES
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PENSION INSURANCE IN THE ECONOMICALLY DEVELOPED COUNTRIES
Annotation
PII
S0207-36760000375-1-1
DOI
10.31857/S60000375-1-1
Publication type
Article
Status
Published
Edition
Pages
191-202
Abstract
In the article we consider international experience of pension plans management in the developed countries - the United States of America, Great Britain, Japan, Australia and Canada. We analyze both Social Security retirement benefits and employer-sponsored pensions. Particular attention is paid to such aspects as the retirement age, pension size, Social Security benefits compared to a retiree's past earnings, cost-of-living adjustments, the methods of pension calculations.
Keywords
state pension system, life expectancy, employees and employers pension contributions, retirement income, early retirement benefits, management of pension savings, replacement rate, normal retirement age, pension payments, social security retirement benefits, employer-provided pension plans, pre-retirement earnings, delayed retirement
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