Reforming the UK retirement system

Sass, Steven A. “Reforming the UK retirement system”. Global Issue in Brief 3, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, June 2004. http://hdl.handle.net/2345/bc-ir:104497.
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Abstract

The British retirement income system is perhaps more dependent on private programs than any in the industrialized world. The government provides a modest and uniform "Basic Pension" to career workers, and now to carers and the disabled. But as benefits are indexed to prices, not wages, the Basic Pension is projected to replace a steadily declining share of earnings. The government also has a second tier earnings-related plan. But as most workers "contract out," they will rely on employer and/or individual "personal pensions" to maintain pre-retirement living standards...

Title
Reforming the UK retirement system: Privatization plus a safety net
Author
Sass, Steven A.
Center
Center for Retirement Research
Genre
report
Date Issued
June 2004
Publisher
Center for Retirement Research at Boston College
Series Title
Global Issue in Brief
Series Number
3
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104497
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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