ESIP-CONFERENCE May 23, 2012 Brussels. Vincent Van Quickenborne
|
|
- Derick Hancock
- 6 years ago
- Views:
Transcription
1 ESIP-CONFERENCE May 23, 2012 Brussels Vincent Van Quickenborne Ladies and Gentlemen, Dear members of ESIP, Thank you for inviting me to address you today. First, I would like to welcome you in Brussels, not only the capital of Belgium but also the heart of the European Union. A European Union that is putting the pressing matter of population ageing on the agenda with the European Year on Active Ageing and Solidarity Between Generations. Here in Belgium, this European Year coincides with major structural reforms in our labour market and our pension system in order to face the challenges that lie before us. These challenges ahead are quite daunting. In the coming years, the European working age population will shrink by 1 to 1.5 million Europeans every year, starting in Since 2008, and for the next 20 years, the population in Europe aged 60 and older will grow by 2 million each year. Here in Belgium, each year there will be a hundred thousand people who will make the transition from contributor to our social security as a worker to beneficiary as a pensioner. And they will be doing so for much longer than ever before. In 1960, the average life expectancy for men and women was 68; today, we live to an average age of 80. Demographists expect one out of two children born in the years 2000 to reach the age of a 100. Today, the emphasis is less on adding extra years to life than it is on adding extra life to the years already conquered. The focus has indeed shifted to healthy and active ageing. Once we retire, we still want to have the energy to look after friends and family. Or we may want to make that trip that we ve always dreamed of, get a college degree, and what not. As the visionary 1
2 General Douglas McArthur at the age of 75 famously said People grow old only by deserting their ideals. Years may wrinkle the skin, but to give up interest wrinkles the soul. I couldn t agree more. Helped by an all-generations friendly environment and a widening array of technological and medical innovations, reducing the risk of disease and disability will be key. Obviously, insurers will have a crucial role to play in designing the financial products that will enable seniors to enjoy the third age to the fullest. Social security should remain at the very core of our economic and healthcare model, but I also believe private insurances will have an increasingly important role to play in reducing demographic risks. By insuring age-related products and services that governments have deemed too expensive or insufficiently effective, but also by mobilizing capital to finance the necessary modernization of our care infrastructure. This will take some of the pressure away from public finances and allow governments to use public means more wisely and effectively by targeting the most needy. You all know that this evolution in life expectancy will have an enormous impact on public spending. In Belgium, one quarter of our Gross Domestic Product is spent on pensions and other age related social expenditures. By 2060, these expenses will have reached almost one third of our GDP. You don t need to be a mathematician to see that somehow this public spending avalanche will have to be countered. It is in this context that more and more companies will aggressively, and maybe even desperately, be scouring the labour market in search of new talent to fill the thousands of jobs vacated by the retiring baby boomers. There is no question that this development will have a profound impact on our labour market and our careers. The risks of detrimental effects for our economy are quite obvious. So the question today is whether we sit idly by or whether we take action and provide for a new path to prosperity for coming generations. The ageing of our labour force may be inevitable, but the growing deficits of our social security are not. The laws of demography may be set in stone, but those of the labour 2
3 market are not. I choose to go by the words of Ronald Reagan, who said in his first inaugural address: I do not believe in a fate that will fall on us no matter what we do. I do believe in a fate that will fall on us if we do nothing. That s why in Belgium, as in the rest of Europe, government, social partners and employers have to cooperate so that our children too can enjoy the prosperity and the social security we have taken for granted for too long. Let me focus on what governments can do. The first and most obvious step would be raising the retirement age. In Belgium we have implemented the first set of pension reforms in December of last year. I have put these reforms in place immediately after the start of the new coalition government because I wanted our reforms to produce effects immediately. The early retirement age will be raised with 2 years over a period of 4 years, and the length of the working career to 40 years. Secondly, governments have to return to the core principles of our European social security system. They have to reinforce the link between work and pension, the notion that benefits are based on past contributions. It is a principle that has been too often ignored in the past, supposedly as an easy way of dealing with rising unemployment. We all know now this was a fallacy, which is why we are reforming the system of equivalent periods, like unemployment, early retirement, time credit or career breaks. These periods during which people are not working, will no longer fully count for the working career length. We are also reinstating the notion that the pension people receive is based on the actual amount of years they have worked. This also means that people who have worked their entire lives should get the pensions they deserve. Thirdly, we have to move away from this notion that people past the age of 65, somehow forfeit their fundamental right to work. Until recently, Belgium had a most brilliant economist working at the University of Leuven, Paul De Grauwe, who you may know from his columns in the Financial Times. The day he reached the age of 65, Belgian law considered this civil servant unfit to continue his work and he was thus forced to resign. He currently continues his research at the London School of Economics. This kind of regulation is, frankly, an insult to the human dignity of our senior citizens. 3
4 One s job is often more than a mere source of income. It s also a source of pride, personal satisfaction and intellectual stimulation. That s why we have abolished the mandatory retirement at 65 for civil servants. But the disincentives against working longer will also be abolished for the private sector. A person who has a career spanning 45 years and who is still working will continue to build up pension rights as long as he/she has not fully retired. And retirees wanting to make some extra cash will no longer be punished by seeing their pensions reduced. * * * Ladies and gentlemen, this is but a first wave of pension reforms we are currently implementing in Belgium. I am convinced that future governments of Belgium, and indeed of all the European members states will have to continue to gradually implement further pension reforms. And although we have come a long way over the past few months in recognizing that certain institutions should no longer be considered untouchable in light of the new demographic realities on our labour market, it is my personal conviction that the fixation on a fixed retirement age - at 65, or in other countries at 66 or 67 countries - will have to be re-addressed in the future. It is time to move on from that arbitrary age limit to career length as the most important determining factor. After all, I find it unjustifiable that a blue collar worker who has started his career at 16 or 17 has the exact same retirement age as someone who obtains a university degree and starts working 8 years later. The debate on this issue will no doubt be intense, but in the end a move in the direction of career length is inevitable and socially desirable. But as I said in the beginning: government action alone will not be sufficient to address the problem of an ageing labour force. Employers will have to do their part as well. When government asks its citizens to work longer, they will naturally ask their employers for working conditions that allow them to do so in a sustainable way. Smart employers who are looking to attract and retain valuable people 4
5 will have to implement, or better yet: have already started implementing specific measures to accommodate an ageing workforce. I have never understood this tendency to view over-50 employees as somehow less valuable than their younger colleagues. Why not put the talent and experience of older employees to good use? In any case, the luxury of choosing younger employees over senior ones is something that will come at a heavy price in the future labour market. Talented young people will have countless lucrative job offerings, and the companies that do not value their older employees will be trading away their own competitiveness. What governments should ask of employers, and what is the economically sound thing for them to do anyway, is that they prepare for the ageing of the future labour market. That is why this conference is also important, so that we can come to a better understanding of how the work environment impacts the problem of workforce ageing. BMW recently launched a pilot project at one of its factories in Germany. They started a production line staffed with workers who had an age distribution that represented the average mix of employees by Then they started to implement a series of little changes to the workplace, all of them ergonomically sound adjustments that reduced the physical strain and the chances of error. All of the adjustments, such as wooden flooring, magnifying lenses, but also an ergonomically optimal job rotation, came at marginal cost and the total transformation could be achieved in a couple of hours maintenance time. But this allowed the workers to increase their production rate by 7%, on a par with regular production lines and, perhaps even more importantly, reduced absenteeism due to sick leave or other reasons from 7% to 2%, below the regular average. I have also seen encouraging signs of Belgian companies taking the lead in this matter. Recently, I visited a plant of the screen-producer Barco (in Kuurne). Barco accommodates its older workers by providing adjustable worktables, ergonomic chairs and appliances for lifting heavy material that prevent back injuries. On the work floor, I met a very proud woman who, as a low-skilled worker aged 55 was having a hard time finding a new job, until she got hired by Barco two years ago. Today, she couldn t be happier with her new job. 5
6 All across Belgium, I have seen pioneering companies take action, showing that being over-50 doesn t mean you re to be discarded. And this isn t just happening in industrial heavy labour jobs, but also in the services sector. Companies in the services sector for instance banks - are putting the experience and talents of older employees to good use, while priding themselves on an age-friendly HR-policy. These examples show that it is possible to accommodate an ageing workforce, at limited cost, and with little or no productivity loss. It is the responsibility of all employers private and public to take up their share of the responsibility in this matter. That s why the Belgian government has decided to demand from companies in times of restructuring, not to lay off only over-50 employees anymore, but to respect the age distribution of their entire workforce. Let me conclude. * * * It is my firm belief that only through a combined effort of all stakeholders employees, employers, governments and social security organisations we will succeed in reaching the goals of active ageing: encouraging older workers to stay in employment longer, improving their participation in society and making the world in which we live more age-friendly. I hope this seventh ESIP-conference inspires all of you to move beyond slogans and to find real solutions of what I believe is one of the greatest challenges of our time. And when the work is over, please do not forget to enjoy vibrant Brussels. Because staying active is not only staying at work, it is also continuing to enjoy life. Thank you. Vincent Van Quickenborne Deputy Prime Minister and Minister of Pensions 6
"Opportunities and Challenges of Demographic Change in Europe"
SPEECH/10/385 László Andor EU Commissioner Employment, Social Affairs and Inclusion "Opportunities and Challenges of Demographic Change in Europe" Economic Council Brussels Brussels, 13 July 2010 Ladies
More informationIssues linked to Settlement and population. The UK s ageing population; a contemporary geographical issue
Issues linked to Settlement and population The UK s ageing population; a contemporary geographical issue We are healthier, living longer and doing more than ever before. What is the problem? What is the
More informationTRIPLE YOUR RETIREMENT DOLLARS
From the author of Bullet Proof My Wealth KEN CRUISE TRIPLE YOUR RETIREMENT DOLLARS Learn How to Retire With Enough Table of Contents Chapter 1 - Retirees are Going Broke 3 Chapter 2 - What is 5 Chapter
More informationGuide to buying an annuity
Guide to buying an annuity 2 Welcome to our guide to buying an annuity You now have more choice than ever before when it comes to using your pension savings. Of course having more options can make it difficult
More informationThe 10 Biggest Social Security Mistakes What Baby Boomers Need to Know
The 10 Biggest Social Security Mistakes What Baby Boomers Need to Know Social Security can play a very important role in a retirement income plan. As one of the few sources of lifetime, inflation-adjusted
More informationDemographic Trends and the Older Workforce
Demographic Trends and the Older Workforce November 10, 2004 Linda Barrington, Ph.D. The Conference Board www.conference-board.org THE CONFERENCE BOARD Finding solutions together Councils Conferences Symposium
More informationInformal meeting of EPSCO Ministers
Informal meeting of EPSCO Ministers Dublin 7/8 th February, 2013 DRAFT CONCLUSIONS Youth Guarantee Reaching an agreement at the EPSCO Council on 28 February on a Council Recommendation for a Youth Guarantee
More informationToo old to hire, too young to retire.
Too old to hire, too young to retire. This is how many older American workers today feel trapped in a stagnant or downward economic situation as a result of their age and a shifting economic landscape
More informationChallenges on Dutch and Finnish roads towards extending citizens working life: The current debates.
MUTUAL LEARNING PROGRAMME: PEER COUNTRY COMMENTS PAPER FINLAND Challenges on Dutch and Finnish roads towards extending citizens working life: The current debates. Peer Review on Activation of elderly:
More informationIt landed on the national scene, again, during the latter stages of 2012 and will be discussed across the country in the months to come.
Check against Delivery Reigniting a Culture of Savings National Summit on Pension Reform Gerry McCaughey, President and CEO, CIBC February 19, 2013 Good evening.and thank you for that warm welcome. Pension
More informationPension Report. Retirement Reality
Pension Report Retirement Reality Exec summary The number of people saving into a pension is at a record high but the amount they are saving on average is at a record low 1. This report surveyed 2 2,010
More informationPension Choice? Career and retirement options for the NHS
November 2009 Briefing 67 Pension Choice? Career and retirement options for the NHS The NHS Pension Choice exercise, which runs for three years to July 2012, represents a strategic opportunity for employers
More information1 May 2018 Hon Grant Robertson, Minister of Finance Budget 2018: Future Proofing New Zealand s Economy
1 May 2018 Hon Grant Robertson, Minister of Finance Budget 2018: Future Proofing New Zealand s Economy Thank you all for coming this morning and special thanks to Westpac for hosting us today. I want to
More informationMinister for Family and Community Services
Home Newsroom Contact FaCS Search Minister for Family and Community Services Minister Assisting the Prime Minister for the Status of Women Senator the Hon Kay Patterson Home Biography Contact Details Media
More informationProposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL. on the European Year for Active Ageing (2012) (text with EEA relevance)
EUROPEAN COMMISSION Brussels, 6.9.2010 COM(2010) 462 final 2010/0242 (COD) C7-0253/10 Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the European Year for Active Ageing (2012)
More informationCouncil of the European Union Brussels, 23 September 2015 (OR. en)
Council of the European Union Brussels, 23 September 2015 (OR. en) 12079/15 SOC 520 EMPL 341 ECOFIN 722 POLG 139 NOTE From: To: Subject: The Social Protection Committee Permanent Representatives Committee
More informationThe European Social Model and the Greek Economy
SPEECH/05/577 Joaquín Almunia European Commissioner for Economic and Monetary Affairs The European Social Model and the Greek Economy Dinner-Debate Athens, 5 October 2005 Minister, ladies and gentlemen,
More informationSHEDDING LIGHT ON LIFE INSURANCE
SHEDDING LIGHT ON LIFE INSURANCE A practical guide LEARN MORE ABOUT Safeguarding your loved ones Protecting your future Ensuring your dreams live on Life s brighter under the sun About this guide We ve
More informationAge Friendly Workplaces
Age Friendly Workplaces From sticks to carrots in workplace policy Simon Biggs biggss@umimelb.edu.au sbiggs@bsl.org.au What s the problem? Demographic Shifts and Cultural Adaptation Fiscal and Social Impact
More informationWomen & Investing: Take Control of Your Wealth
Women & Investing: Take Control of Your Wealth Jerry Jevic Senior Director Investments Financial Advisor Private Client Division Oppenheimer & Co. Inc. 1818 Market Street Philadelphia, PA 19103 Phone:
More informationAct Concerning Stabilization of Employment of Older Persons
Act Concerning Stabilization of Employment of Older Persons Noboru Yamashita Associate Professor, Kyushu University 1. Significance of the Act Concerning Stabilization of Employment of Older Persons (1)
More informationChecks and Balances TV: America s #1 Source for Balanced Financial Advice
The TruTh about SOCIAL SECURITY Social Security: a simple idea that s grown out of control. Social Security is the widely known retirement safety net for the American Workforce. When it began in 1935,
More informationWORKPLACE SAVINGS GUIDE
WORKPLACE SAVINGS GUIDE START HERE. We understand that pensions can be confusing and difficult to understand. That s why we ve created this guide, to explain to you how they work and why they re so important
More informationPart Two: The Details
Table of ConTenTs INTRODUCTION...1 Part One: The Basics CHAPTER 1 The Money for LIFE Five-Step System...11 CHAPTER 2 Three Ways to Generate Lifetime Retirement Income...21 CHAPTER 3 CHAPTER 4 CHAPTER 5
More information2012 IGP Seminar Panel Presentation for Belgium
Country Panel Session Belgium IGP Seminar September 11-13, Boston Mr. Hans Callebaut Deputy General Manager Major & International Accounts AG Employee Benefits Agenda Introduction to Belgium The Belgian
More informationTransitioning into Retirement
Select Portfolio Management, Inc. www.selectportfolio.com Toll Free: 800.445.9822 Telephone: 949.975.7900 Fax: 949.900.8181 Securities offered through Securities Equity Group Member FINRA, SIPC, MSRB Transitioning
More informationGender pay gap report. Pension Protection Fund
Gender pay gap report 2018 Pension Protection Fund 01 Pension Protection Fund Gender Pay Gap Report 2018 Introduction This is our second year of reporting on the PPF s gender pay gap. At March 31 2018
More informationKeeping Seniors Connected to the Labor Market:
Keeping Seniors Connected to the Labor Market: Trends, Challenges, and Benefits IPMA-HR International Training Conference October 3, 2007 Keeping Seniors Connected to the Labor Market Demographic Trends
More informationWomen & Investing: Take Control of Your Wealth Proper Planning
Kathleen M. Palumbo Senior Director Investments Peter C. Palumbo Financial Advisor Women & Investing: Take Control of Your Wealth Proper Planning Women & Investing: Take Control of Your Wealth Financial
More informationSummary of ideas to kick-start some pre-funding for social care. Using pensions for care now possible following Budget reforms
Response from Dr. Ros Altmann June 2014 Budget Consultation response using pension freedoms to kick-start social care funding Integrating long-term care into pensions and financial planning: Official estimates
More informationRethink The Future: The New Normal In Absence And Disability Management
Rethink The Future: The New Normal In Absence And Disability Management Alex Dumont, Assistant Vice President, Product Marketing 2010 Standard Insurance Company The New Normal Interest rate is the lowest
More informationThe impact of an ageing world on our society and economy
Presentation to: Food Matters Live Independent Economics The impact of an ageing world on our society and economy Ben Combes 18 November 2014 www.llewellyn-consulting.com The fundamentals of ageing Populations
More informationGROUP SAVINGS & RETIREMENT. The basics of retirement planning. Plan for life
GROUP SAVINGS & RETIREMENT The basics of retirement planning Plan for life Hello. Are you close to retiring? If you re almost there, then understanding retirement planning basics is key so that you can
More informationMore & More Americans Having to Work Past Age 70
More & More Americans Having to Work Past Age 70 July 18, 2017 by Gary Halbert of Halbert Wealth Management 1. Almost One-Fifth of Americans Are Working Past Age 70 2. Seniors, There s No Guarantee of
More informationEUROPEAN COMMISSION Employment, Social Affairs and Inclusion DG. SPEECH László Andor Commissioner for Employment, Social Affairs and Inclusion
EUROPEAN COMMISSION Employment, Social Affairs and Inclusion DG SPEECH László Andor Commissioner for Employment, Social Affairs and Inclusion Distinguished guests, Ladies and gentlemen, A warm welcome
More informationCYPRUS 1 MAIN CHARACTERISTICS OF THE PENSIONS SYSTEM
CYPRUS 1 MAIN CHARACTERISTICS OF THE PENSIONS SYSTEM The pension system in Cyprus is almost entirely public, with Private provision playing a minor role. The statutory General Social Insurance Scheme,
More informationYour Guide to Life Insurance for Families
Your Guide to Life Insurance for Families (800) 827-9990 HealthMarkets.com Your Guide to Life Insurance for Families Contents Does My Family Need Life Insurance? 4 Types of Life Insurance for Families
More informationIntergenerational Solidarity in the 21st Century a Growing Challenge for Governments and NGOs
1 Intergenerational Solidarity in the 21st Century a Growing Challenge for Governments and NGOs UNECE Conference on MIPAA and RIS implementation (Vienna, September 2012) Irene Hoskins, President 2006 2012,
More informationIMPROVING EMPLOYEE ENGAGEMENT THROUGH FINANCIAL WELLNESS
IMPROVING EMPLOYEE ENGAGEMENT THROUGH FINANCIAL WELLNESS W H I T E P A P E R 3% Have financial well-being strategy but no physical well-being strategy 27% Physical well-being initiative but no financial
More informationU.S. Memo. Date: August 21, 2018 To: Express Employment Professionals From: The Harris Poll Subject: 2018 Survey of Blue Collar Americans
U.S. Memo Date: August 21, 2018 To: Express Employment Professionals From: The Harris Poll Subject: 2018 Survey of Blue Collar Americans The survey was conducted online within the United States by The
More informationAs you face the fact that you ll probably be living 20 to 30 or more years
In This Chapter Retiring or working Managing money and health Exploring work alternatives Running a business Expanding your knowledge Giving back to your community Chapter 1 The World of Work After Retirement
More informationAgeing and wrinkles in public finances
For Investment Professionals Follow us @LGIM #Fundamentals FUNDAMENTALS Ageing and wrinkles in public finances Pay-as-you-go pension and healthcare schemes are under increasing pressure from ageing populations.
More informationHow Much Profits You Should Expect from Trading Forex
How Much Profits You Should Expect from Trading Roman Sadowski Trading forex is full of misconceptions indeed. Many novice s come into trading forex through very smart marketing techniques. These techniques
More informationMind The Gap Quantifying The Pensions Savings Gap in Ireland September 2010 EPSG_CBC_IRELA_28473_BRO.indd 1 02/09/ :18
Mind The Gap Quantifying The Pensions Savings Gap in Ireland September 2010 About Aviva Aviva is the world s sixth-largest* insurance group. Our main business activities are long-term savings, fund management
More informationPostmaster General National Press Club Luncheon Speech
FOR IMMEDIATE RELEASE April 19, 2013 Contact: Toni DeLancey toni.g.delancey@usps.gov 202.268.6915 usps.com/news Postmaster General National Press Club Luncheon Speech Postmaster General Patrick R. Donahoe
More informationMaggie Kokemuller 880 Carillon Parkway Saint Petersburg, FL Transitioning into Retirement
Maggie Kokemuller 880 Carillon Parkway Saint Petersburg, FL 33716 727-567-1000 Maggie.Kokemuller@RaymondJames.com Transitioning into Retirement Page 2 Transitioning into Retirement The retirement "zone"
More informationComprehensive Paid Family and Medical Leave for Today s Families and Workplaces
ASSOCIATED PRESS PHOTO/KEVIN RIVOLI Comprehensive Paid Family and Medical Leave for Today s Families and Workplaces Crafting a System that Builds on the Experience of Existing Federal and State Programs
More informationSPEECH (Free translation to EN)
SPEECH (Free translation to EN) By Maggie De Block, Belgian Minister of Social Affairs and Public Health at the Conference on Social Protection in the post-2015 UN Agenda Brussels, Monday 27 April 2015
More informationAn Easy-to-Understand Introduction to the Retirement Plan and the Savings Plan. Contributions. Other Benefits
An Easy-to-Understand Introduction to the Retirement Plan and the Savings Plan Annuities How the Plans Work Contributions Eligibility Enrollment Other Benefits September 2013 WELCOME TO THE YMCA RETIREMENT
More informationEnsuring the sustainability of EU pension systems
EUROPEAN COMMISSION László ANDOR European Commissioner responsible for Employment, Social Affairs and Inclusion Ensuring the sustainability of EU pension systems Conference on "Emerging Challenges in the
More informationAn ageing population a threat or an opportunity for your business?
EMEA Aon Risk ageing Solutions population whitepaper An ageing population a threat or an opportunity for your business? Health & Benefits EMEA Whitepaper August 2017 Risk. Reinsurance. Human Resources.
More informationBy Lee Hsien Loong Prime Minister Singapore
By Lee Hsien Loong Prime Minister Singapore PREPARING FOR AN AGING POPULATION THE SINGAPORE EXPERIENCE In Asian societies, older people are traditionally supported by their own families. This is still
More informationHeather Boushey, Senior Economist, Center for American Progress Action Fund. March 3, 2009
Testimony before the House Committee on Education and Labor, Subcommittee on Workforce Protections Hearing entitled Encouraging Family-Friendly Workplace Policies Heather Boushey, Senior Economist, Center
More informationGuide to. buying an annuity
Guide to buying an annuity 2 Guide to buying an annuity Welcome to our guide to buying an annuity You now have more flexibility than ever before when it comes to using your pension savings. Of course all
More informationWomen & Retirement: 3 Unique retirement challenges women face today. Video Transcript
Women & Retirement: 3 Unique retirement challenges women face today Video Transcript Recorded on September 8, 2014 Featuring: Michael Santoli, Senior Columnist, Yahoo! Finance Debra Greenberg, Director
More informationLong Term Care is a Family Matter
TRANSAMERICA LIFE INSURANCE COMPANY Long Term Care is a Family Matter What does family mean to you? ICC15 TLC GEN OBR 0715 FAMILY can mean different things to different people WHAT DOES FAMILY MEAN TO
More informationAnalysis of proposed solutions for poverty reduction
Analysis of proposed solutions for poverty reduction PROS CONS Claude Snow First New Brunswick Summit On Poverty Moncton, October 27 and 28, 2006. 1 WE ALL AGREE ON THE NEED TO ASSIST THE NEEDY THROUGH
More informationInsights from Asian Indian Families Executive Summary
2018 State of the American Family Study Insights from Asian Indian Families Executive Summary In 2018, Massachusetts Mutual Life Insurance Company (MassMutual) commissioned the fourth wave of a nationally
More informationThe Age Management and Wage Peak System of Korean Firms
The Age Management and Wage Peak System of Korean Firms So-Yeong Kwon (School of Management, Ewha Womans University). Introduction Korea has entered into an aging society and its aging rate has been increasing
More informationALL ABOUT INVESTING. Here is Dave s investing philosophy:
ALL ABOUT INVESTING Knowing how to deal with debt is easy pay it off! Investing, however, isn t quite so simple. Most people have questions about when and how to invest their money, so here s an inside
More informationThe Right Attitude. Preparing for your retirement: Workbook One
The Right Attitude Preparing for your retirement: Workbook One About Retirement Planning Retirement is something that is often eagerly anticipated for years before it actually occurs. In the years preceding
More informationHong Kong Women Professionals & Entrepreneurs Association (HKWPEA) Public Affairs Committee
Hong Kong Women Professionals & Entrepreneurs Association (HKWPEA) Public Affairs Committee Response Paper to the Review of Enhancement of Retirement Protection as proposed by the Commission on Poverty
More informationAnnual Meetings Remarks May 3, Paul Mahon. President and CEO Great-West Lifeco Inc.
Annual Meetings Remarks May 3, 2018 Paul Mahon President and CEO Great-West Lifeco Inc. Paul Mahon President and CEO Great-West Lifeco Inc. Contents Overview 1 Financial performance highlights 1 Creating
More information25 years of Interreg
25 years of Interreg 15-16 September 2015 Maison du Savoir Esch-Belval Luxembourg Welcome Speech Minister Bausch 15th September 13.30 (Minister for Sustainable Development and Infrastructure, Luxembourg)
More informationGUIDE TO RETIREMENT PLANNING MAKING THE MOST OF THE NEW PENSION RULES TO ENJOY FREEDOM AND CHOICE IN YOUR RETIREMENT
GUIDE TO RETIREMENT PLANNING MAKING THE MOST OF THE NEW PENSION RULES TO ENJOY FREEDOM AND CHOICE IN YOUR RETIREMENT FINANCIAL GUIDE Green Financial Advice is authorised and regulated by the Financial
More informationHow does the Treasury s Long-Term Fiscal Model work, and what is our initial analysis showing?
How does the Treasury s Long-Term Fiscal Model work, and what is our initial analysis showing? Speech delivered by Girol Karacaoglu Chief Economist, the Treasury Affording O ur Future Conference 2012 Victoria
More informationON BEHALF OF THE CORPORATE UNION RELATIONS TEAM AND ALL OF GE, IT IS MY PLEASURE TO WELCOME YOU TO 2007 NATIONAL NEGOTIATIONS.
General Electric National Negotiations Opening Remarks Bill Casey, Chief Negotiator, General Electric May 21, 2007 ON BEHALF OF THE CORPORATE UNION RELATIONS TEAM AND ALL OF GE, IT IS MY PLEASURE TO WELCOME
More informationI bet most of you had no idea how many more times I would shock the world in the next year.
1 Good Evening. Remember the last time I spoke before this group? I had just shocked the world, was pumped up, and ready to rule. That was just over one year ago. It s good to be back, and you have to
More informationAlmost everyone is familiar with the
Prosperity: Just How Good Has It Been for the Labor Market? Investing Public Funds in the 21st Century Seminar Co-sponsored by the Missouri State Treasurer, the Missouri Municipal League, GFOA of Missouri,
More informationPension reform in Germany and key supervisory challenges
Check against delivery! Pension reform in Germany and key supervisory challenges Keynote Speech by Felix Hufeld President of the Federal Financial Supervisory Authority (BaFin) at the OECD/IOPS Global
More informationBuying Term Life Insurance in Your 30s
Wednesday, June 07, 2017 Buying Term Life Insurance in Your 30s You know what they say about your 30s It s the best time to buy life insurance. Okay, so maybe they don t actually say that, but the point
More informationROYAL LONDON POLICY PAPER 9 The Mothers Missing out on Millions
9 ABOUT ROYAL LONDON POLICY PAPERS The Royal London Policy Paper series was established in 2016 to provide commentary, analysis and thought-leadership in areas relevant to Royal London Group and its customers.
More informationDISRUPTIVE DEMOGRAPHICS IN SUPPLY CHAIN MANAGEMENT
DISRUPTIVE DEMOGRAPHICS IN SUPPLY CHAIN MANAGEMENT and How We Have Been Quietly (Perhaps Unknowingly) Preparing to Avoid the Impending Crisis Kevin F. Smith Senior Vice President, Supply Chain & Logistics
More informationSocial Protection for All and Protecting People and Employment: A Path to Sustainable Development DR. ANDRÉ VINCENT HENRY
Social Protection for All and Protecting People and Employment: A Path to Sustainable Development CEC/ CCL 2ND REGIONAL BIPARTITE MEETING HYAT T REGENCY HOTEL PORT OF SPAIN, TRINIDAD AND TOBAGO 26-29 SEPTEMBER
More informationSetting minimum wages in Australia
Setting minimum wages in Australia Speech by Professor Ian Harper Chairman, AFPC Economic and Social Outlook 2006 Conference Thursday, 2 November 2006 at 4.15 pm Copland Theatre, Economics and Commerce
More informationTime for a. New Deal. for Young People. Broadbent Institute poll highlights millennials precarious future and boomers worries.
Time for a New Deal for Young People. March 2014 Broadbent Institute poll highlights millennials precarious future and boomers worries Executive Summary: A poll conducted for the Broadbent Institute shows
More informationESTATE QUALIZATION ILL PLITTING THE USINESS PLIT THE AMILY? < Name of Client> THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
Equalize your heirs inheritance P R E PA R E D E X C L U S I V E LY F O R : < Name of Client> ESTATE E QUALIZATION W S B S F ILL PLITTING THE USINESS THE PRUDENTIAL INSURANCE COMPANY OF AMERICA Issued
More informationUnderstanding pensions. A guide for people living with a terminal illness and their families
Understanding pensions A guide for people living with a terminal illness and their families 2015-16 Introduction Some people find that they want to access their pension savings early when they re ill.
More informationAnalysing Australia s Ageing Population: A Demographic Picture
National Centre for Social and Economic Modelling University of Canberra Analysing Australia s Ageing Population: A Demographic Picture Ann Harding Paper presented to Australia s Ageing Population Summit
More informationStatement of Jennifer Wittney Horton - June 16, to take a close look at rescission so that it can understand just how damaging this practice
Statement of Jennifer Wittney Horton - June 16, 2009 Good morning ladies and gentleman. I want to start by thanking the Committee for this opportunity to testify this morning. I am very pleased that Congress
More informationAddress of the Honorable Dharmendar Sesungkur, Minister of Financial Services, Good Governance and Institutional Reforms,
Address of the Honorable Dharmendar Sesungkur, Minister of Financial Services, Good Governance and Institutional Reforms, at the 44 th Annual General Meeting of the Insurers Association of Mauritius, Friday
More informationStakeholder Pension. The simple way to start a pension plan. Retirement Investments Insurance Health
Stakeholder Pension The simple way to start a pension plan Retirement Investments Insurance Health Introduction Any decision you make about investing for your future retirement needs careful consideration
More informationRe-thinking Owning Life Insurance Inside a Corporation By Kurt Rosentreter, CPA, CA, CFP, CLU, CIMA, TEP, FCSI March 2018
Re-thinking Owning Life Insurance Inside a Corporation By Kurt Rosentreter, CPA, CA, CFP, CLU, CIMA, TEP, FCSI March 2018 All the rage in Canada right now is insurance agents convincing dentists, doctors,
More informationTOWARDS FURTHER RESEARCH IN DEMOGRAPHICS
TOWARDS FURTHER RESEARCH IN DEMOGRAPHICS Masaaki Shirakawa Aoyama-Gakuin University December 19, 2014 Societal Ageing and the Japanese Economy, Symposium hosted by the Graduate School of Economics and
More informationSAGA. GUIDE TO PENSION REFORM By Paul Lewis MAGAZINE AUGUST 2006 SAGA 1
SAGA MAGAZINE GUIDE TO PENSION REFORM By Paul Lewis AUGUST 2006 SAGA 1 In May 2006 the Government proposed the most radical reform of the state pension for a generation. Nothing like it has happened since
More informationPart 6 PROTECTING ASSETS AND PLANNING FOR THE FUTURE
Part 6 PROTECTING ASSETS AND PLANNING FOR THE FUTURE 191 192 Module 14 PROTECTING ASSETS AND PLANNING FOR FINANCIAL INDEPENDENCE Let 's Discuss... $ $ Insurance $ $ Planning for Financial Independence
More informationEngagement Energizer. 12 Months of Better Benefits Communication
Engagement Energizer 12 Months of Better Benefits Communication There are 12 months in the year. So why do so many companies try to squeeze a year s worth of benefits communication into two weeks during
More informationCongratulations! You ve decided to get to grips with your. Exploring the Basics COPYRIGHTED MATERIAL. Chapter 1
In This Chapter Chapter 1 Exploring the Basics Benefiting from getting a grasp on your finances Looking at your financial picture Working out how you can get out of debt Figuring out what you want from
More informationTransforming Super Into a Superior Benefit
THE CORPORATE SUPERANNUATION CONSULTANTS Transforming Super Into a Superior Benefit Richard Matsinger DISCLAIMER The information contained within this presentation is intended to provide general advice
More informationThe Living Wage A briefing and plan for implementation in Church of England schools
The Living Wage A briefing and plan for implementation in Church of England schools The Living Wage A briefing and plan for implementation in Church of England schools Background UNISON 1 and the National
More informationD&B (UK) Pension Plan DEFINED CONTRIBUTION (DC) SECTION
D&B (UK) Pension Plan DEFINED CONTRIBUTION (DC) SECTION Contents 1 Welcome to the D&B (UK) Pension Plan Defined Contribution (DC) section The DC section of the D&B (UK) Pension Plan (the Plan ) provides
More informationCivil Service Pension Schemes
SIGMA Policy Brief No. 2: Civil Service Pension Schemes To build professional public administrations, central and eastern European countries must adequately remunerate those working in the administration.
More informationWorkplace pensions AUTO ENROLMENT HAS TAKEN OFF
Workplace pensions AUTO ENROLMENT HAS TAKEN OFF INTRODUCTION The Government introduced auto enrolment to help more people save for their future. It means your employer will have to give you access to a
More informationLegal & General Critical Illness Cover
1 Contents Critical Illness Cover Page 3 What is a critical illness? Page 4 Could it happen to me? Page 5 How can Critical Illness Cover help? Page 6-7 Legal & General Nurse Support Services Page 8-9 Legal
More informationGuide to taking a secure retirement income
Winner of the Gold Standard Award for Retirement the last three years running www.hl.co.uk/annuity Guide to taking a secure retirement income How to boost your income for life One College Square South,
More informationSome Features of the Slovenian Social Security System
Lehigh University Lehigh Preserve Slovenia: Challenges and Opportunities Perspectives on Business and Economics 1-1-2014 Some Features of the Slovenian Social Security System Thomas Jawin Lehigh University
More informationSocial Security Strategies for Baby Boomers
Social Security Strategies for Baby Boomers Thank you for downloading our Social Security Strategies for Baby Boomers ebook. Please feel free to share this ebook with your friends and family. A quick bio
More informationUnemployment: Benefits, 2010
Austria Unemployment benefit: The benefit is 55% of net earnings and is paid for up to 20 weeks; may be extended to 30 weeks with at least 156 weeks of coverage in the last 5 years; 39 weeks if aged 40
More informationInvest now to help make your retirement dreams a reality
Invest now to help make your retirement dreams a reality What s inside The sooner you start, the better off you ll be... 1 Chart your path to a comfortable retirement.... 2 Why Vanguard?... 5 Choose the
More informationIn Congress I will fight to pass the Healthy Families Act, a bill that would guarantee workers the ability to earn up to 7 paid sick days.
1 I ve spent my career working to create opportunity, especially for those who get left behind. As an advocate, as Secretary of Labor and Deputy Secretary of Health and Social Services, and as CEO of the
More information