Contributions‐financed cash benefits: Selected examples of tiered pension systems. (October 2015)

• Record Type: Journal Article
• Authors: Geraci, Marco
• Is Part Of: International social security review. Volume 68:Number 4(2015:Oct./Dec.)
• Page Start: 47
• Page End: 68
• Publication Date: 2015-10
• Subjects: social security scheme -- contributions -- pension scheme -- private pension scheme -- occupational pension scheme -- OECD; régime de sécurité sociale -- cotisations -- régime de pension -- régime de pension privé -- régime de pension professionnel -- OCDE; régimen de seguridad social -- cotizaciones -- régimen de pensión -- régimen privado de pensión -- régimen de pensión profesional -- OCDE; System der sozialen Sicherheit -- Beiträge -- Rentensystem -- private Altersversorgung -- Betriebsrentensystem -- OECD; Social security -- Periodicals; Public welfare -- Periodicals; 368.4
• DOI: 10.1111/issr.12087
• Languages: English
• ISSNs: 0020-871X

Abstract

Abstract: 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.