Premium
Contributions‐financed cash benefits: Selected examples of tiered pension systems
Author(s) -
Geraci Marco
Publication year - 2015
Publication title -
international social security review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.349
H-Index - 28
eISSN - 1468-246X
pISSN - 0020-871X
DOI - 10.1111/issr.12087
Subject(s) - pension , earnings , solidarity , point (geometry) , social security , classification of discontinuities , economics , pension system , cash , payment , labour economics , actuarial science , business , accounting , finance , political science , politics , market economy , mathematical analysis , geometry , mathematics , law
This article addresses the link between pensions and occupational earnings using the example of social security contributions in selected OECD countries. The rules of the pension schemes studied point towards a very strong link between occupational earnings and pension level. However, certain pension calculation methods, through pension calculation parameters or through the existence of tools to compensate for certain career discontinuities, may distort this link in the majority of the countries studied. Therefore, the examination of pension calculation parameters and of solidarity measures attached to retirement is necessary to provide a more finely‐tuned evaluation of the link between occupational earnings and pension level. Ultimately, comparison of pension systems across countries remains challenging given their specificities.