Počet záznamov: 1
What is the cost of pension reform reversal in Slovakia and could the NDC scheme solve the fiscal imbalance of payg scheme?
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$a 10.34658/9788366287938.11 $2 DOI 035 $a biblio/313639 $2 CREPC2 100 $a 20210618d2021 m y slo 03 ba 101 0-
$a eng 102 $a PL 200 1-
$a What is the cost of pension reform reversal in Slovakia and could the NDC scheme solve the fiscal imbalance of payg scheme? $f Ján Šebo, Daniela Danková, Ivan Králik 330 $a Slovak pay-as-you-go pension scheme has been organized as a point system where the pension benefits depend partly on the life-long income of an insured person. Since 2005, part of the paid social insurance contributions is redirected into the funded pension scheme, where the savers can choose the pension fund as a vehicle for their pension savings. The financial crisis has forced government to lower the part of social insurance contributions flowing into the funded pillar and introduce balancing mechanism, where the statutory retirement age is tied to the life expectancy of a retiring population. The automatic adjustment to the retirement age was introduced in 2012 as a part of stabilization measures for public finances and came into force in 2017. Rising retirement age on average by two months annually swiftly became a nutrient medium for a political populism that turned out into reform reversal regardless the long-term consequences on pay-as-you-go pillar balance and expected pension benefits. In 2019, Slovakia abandoned the mechanism of automatic adjustment to the retirement age based on the life expectancy of retiring population and Slovak national parliament constitutionally introduced retirement age ceiling at 64 years for men with further bonification of half-year for a raised child up to three children for women. If no correction mechanisms are implemented, this reform reversal would have significant impact on future pension expenditures as well as on the level of pensions received not only from the pay-as-you-go scheme but also from the funded pillar as pointed by CBR (2018b). Seeking for the stabilization measures, introduction of the notional defined contribution (NDC) scheme emerged as a possible solution, which is being investigated by Ministry of Finance of Slovak republic. 463 -1
$1 001 umb_un_cat*0298906 $1 010 $a 978-83-66287-93-8 $1 200 1 $a Pensions today $e economic, managerial, and social issues $g rec. Joseph Friedman, Jose Enrique Devesa Carpio ... [et al.] $v S. 116-132 $1 205 $a 1. vyd. $1 210 $a Łódź $c Lodz University of Technology Press $d 2021 $1 215 $a 281 s. $1 702 1 $3 umb_un_auth*0287918 $a Friedman $b Joseph $4 675 $1 702 1 $3 umb_un_auth*0287919 $a Carpio $b Jose Enrique Devesa $4 675 $1 702 1 $3 umb_un_auth*0287920 $a Garcia $b Jose Alvarez $4 675 $1 702 1 $3 umb_un_auth*0287921 $a Feldman $b Magnus $4 675 $1 702 1 $3 umb_un_auth*0287922 $a Flaszewska $b Sylwia $4 675 $1 710 11 $3 umb_un_auth*0287926 $a PenCon - Pensions Conference 2020 $b pensions conference $e Łódź $f 23.-24.04.2021 606 0-
$3 umb_un_auth*0039035 $a dôchodky $X pensions 606 0-
$3 umb_un_auth*0050018 $a schémy 606 0-
$3 umb_un_auth*0214797 $a PAYG system 606 0-
$3 umb_un_auth*0038899 $a reformy $X reforms 607 -1
$3 umb_un_auth*0036119 $a Slovensko $X Slovakia $X Slovak Republic 608 $3 umb_un_auth*0273283 $a príspevky v zborníku $X proceedings papers 700 -1
$3 umb_un_auth*0041148 $a Šebo $b Ján $p UMBEF15 $4 070 $9 34 $f 1978- $T Katedra verejnej ekonomiky a regionálneho rozvoja 701 -1
$3 umb_un_auth*0252933 $a Danková $b Daniela $f 1994- $p UMBEF15 $9 33 $4 070 $T Katedra verejnej ekonomiky a regionálneho rozvoja 701 -1
$3 umb_un_auth*0041263 $a Králik $b Ivan $f 1992- $p UMBEF15 $9 33 $4 070 $T Katedra verejnej ekonomiky a regionálneho rozvoja 801 $a SK $b BB301 $g AACR2 $9 unimarc sk 856 $u http://hdl.handle.net/11652/3503 $a Link na zdrojový dokument 856 $u http://repozytorium.p.lodz.pl/handle/11652/3519 $a Link na plný text T85 $x existuji fulltexy
Počet záznamov: 1