Canadian Public Pension Leadership Council’s Post

The report highlights that European #pension systems have protected retired Europeans’ living standards in the face of global challenges. Resilient public pensions, indexation, and redistribution mechanisms have maintained pension adequacy during crises. However, pensions are predicted to decrease, calling for reinforced policies to promote longer #careers, healthy ageing #policies, inclusive labour markets, and greater flexibility in retirement pathways. The report calls for further reforms to ensure fair retirement security for all and prevent socio-economic inequalities from increasing with age, amid demographic and labour market changes.

A recent report released by pensions consultants TPT Retirement Solutions has found that 60% of women aged 50 to 59 say they have concerns about the amount of money they will have saved up to retire with later in life. The research found that on average, a woman’s pension would be roughly £17,024 less than their male counterparts. What is your organisation doing to try and reduce the gender pension gap? https://bit.ly/4691T4f #Pension #GenderPensionGap #Retirement #Inclusion

I am pleased to share insights from @The Conference Board of Canada’s latest report, completed in partnership with @OPTrust and @UPP. At @HOOPP, we're dedicated to research related to pensions and the positive influence retirement security can have on Canadians’ health and finances, their communities and employers, and the economy. In 2023, the over one million DB pensioners in Ontario contributed more than $34 billion to the province’s GDP. These pensions play a crucial role in bolstering our communities and the economy. Additionally, DB pension payouts helped create over 250,000 jobs and generated more than $17 billion in government revenue for the province. However, only 26% of workers in Ontario were covered by DB pensions in 2023, a decrease from 35% twenty years ago. We believe it is essential for more individuals to have access to these valuable benefits. View the full report here: https://lnkd.in/g9JniZKu.

The gender #pensions gap: what is it and what can we do about it? Nadia Tryfonidou contributed the #Cyprus chapter in Ius Laboris new survey highlighting the pensions gap between genders. The survey responses from Ius Laboris' pensions expert group highlight the different ways the issue is being addressed across jurisdictions, with the #gap more significant in some countries than others. The gender pensions gap refers to the average difference in pension #wealth between #men and #women. An example of measuring the gap is by looking at how much pension is built up at different ages, or #pension #income in #retirement. Click to read the #survey. #gzg #gzglaw #lawfirm #legalservices #employmentlaw #pensionslaw #pensionwealth #genderinequalities #paygap #payinequalities #iuslaboris

📰 A recent report released by pensions consultants TPT Retirement Solutions has found that 60% of women aged 50 to 59 say they have concerns about the amount of money they will have saved up to retire with later in life. The research found that on average, a woman’s pension would be roughly £17,024 less than their male counterparts. 👫 What is your organisation doing to try and reduce the gender pension gap? https://bit.ly/4691T4f #ReedBusinessSupport #Pension #GenderPensionGap #Retirement #Inclusion

A recent report released by pensions consultants TPT Retirement Solutions has found that 60% of women aged 50 to 59 say they have concerns about the amount of money they will have saved up to retire with later in life. The research found that on average, a woman’s pension would be roughly £17,024 less than their male counterparts. What is your organisation doing to try and reduce the gender pension gap? #ReedBusinessSupport #Pension #GenderPensionGap #Retirement #Inclusion

Interested in how labelling can affect individual behaviour? Then have a read of our latest research published in the Journal of Economic Behaviour and Organisation which exploits a reform in Finland which took place in 2004 analysing the 'relabelling' of a disability pension without changing eligibility criteria that lead to a 37% (39%) reduction in applications (successful claims). We find individuals with below tertiary level education and stronger lifetime labour market attachment exhibit a stronger behavioural response to the reform. We also find tentative evidence of individual's bringing forward the age at which they substitute to a competing early retirement pathway designed to keep individuals in the labour market albeit on a part time basis. Our findings highlight the importance of targeted awareness building aimed at particular socioeconomic groups such as those with low levels of education when policymakers seek to consolidate early retirement programmes with differing pre-reform eligibility criteria. Link to the full paper: https://lnkd.in/ex8yf5yU Satu Nivalainen Noora Järnefelt Kuivalainen Susan Eläketurvakeskus – Finnish Centre for Pensions University of Bath #disability #pensions #publicpolicy 

A recent report released by pensions consultants TPT Retirement Solutions has found that 60% of women aged 50 to 59 say they have concerns about the amount of money they will have saved up to retire with later in life. The research found that on average, a woman’s pension would be roughly £17,024 less than their male counterparts. What is your organisation doing to try and reduce the gender pension gap? https://bit.ly/4691T4f #Pension #GenderPensionGap #Retirement #GenderEquity #FinancialWellbeing #Inclusion

Business Europe Aging Europe: Rising costs threaten EU pensions By Nik Martin August 16, 2024 Europe's population is aging fast, forcing EU states to spend more on pension benefits. While governments want to raise the retirement age, savers are calling for a more flexible approach. https://lnkd.in/e6pWRsEN