The government has raised pensions and increased social support.

A majority of today s French recognize that raising the retirement age is necessary to ensure the survival of the pension system.

Indeed, Bush s popularity has taken a beating over pension reform.

Indeed, America may well be in the process of adding a pension crisis to the unemployment problem.

Much of today s debates about the future of old age pensions hinges on this uncertainty.

Pension, investment, and hedge funds have taken the lead in this revolution.

Pension funds, mutual funds, and investment banks are all long in the stock market.

It is the model with the lowest share of expenditures and is strongly based on pensions and a low level of social assistance.

But even so, as you go out into those future years, various pension costs, health costs go up enough, and the revenue does not go up enough.

The Greek crisis story began in 2008 with reports of widespread protests and strikes when the government proposed raising the retirement age to address a pension funding shortfall.

But, rather than recognizing this reality and adjusting accordingly, Blanchard doubles down on pensions. He writes

Future generations already bear an excessive pension burden in all European countries.

This fall off in private defined benefit pensions all across the rich core of the world economy is a bad thing, because the configuration of asset prices suggests that young and middle aged workers value defined benefit pensions extremely highly. Historically, the gap between expected returns on low risk assets like government or investment grade bonds and high risk assets like stocks and real estate has been very high.

Slowing the growth of the pension and health care programs for middle class retirees cannot be done abruptly.

Cities are declaring bankruptcy to escape the pressure of exponentially rising pension and health costs.

The risk from defined benefit pensions used to be offset by two benefits for companies that offered them.

This trend will have many consequences, most obviously for the welfare state, notably pensions and healthcare.

And restructuring is a levy on bondholders wealth, including that of middle class pension savers.

This keeps costs much lower than in France, and Greece, for example, where the retirement age is 60 or below, and where pension outlays are soaring as a result.

Persons who have reached the retirement age pursuant to the Law On State Pensions of 2 November 1995, as participants of the pension scheme have the right to the old age pension.

Important improvements have been made over the past year to expand the pension system s coverage, move toward universal health care, and provide public funding for basic education.

The index fund would be similar to the ones held by so many workers today in private pension plans.

Outgoing Prime Minister Mario Monti s government accomplished a major pension reform, cut public spending, and raised taxes.

Pension funds would also be hit, imposing further costs on the PBGC.

As a result, an ever smaller slice of employers are offering anything like defined benefit pensions.

Reducing future deficits and reversing the rise in the national debt require raising tax revenue and slowing the growth of government pension and health care programs.

At the same time, Japan s demographic trends will boost demand for fiscal expenditure, as pension and health care costs rise.

Sweden is a world leader in privatised pensions and pension funding problems are relatively small compared to many other Western European countries.

In practice, the state s reach often went beyond this conception (as, say, in the case of Bismarck s introduction of old age pensions in Germany in 1889).

And cutting pensions and health care for the elderly certainly qualifies as extreme as well as completely inappropriate and unnecessary.

Pursuant to the appeal of that resolution, Austria had introduced, in April 1993, a reform of the provisions of legal pensions, the main goal of which was to ensure the long term financing of the pension system by restructuring the adjustment and revaluation of pensions.

But even so, as you go out into those future years, various pension costs, health costs go up enough, and the revenue does not go up enough.

But pension funds cannot do this, because they risk running out of money if, on average, people turn out to live longer than expected.

According to OECD statistics, pensions in Greece, available after only 15 years of work, reach an incredible 111 of average net incomes.

By contrast, in Germany the average pension level is about 61 of average net earnings for people who have worked at least 35 years.

When consumers see the benefits of market deregulation, for example, perhaps they will feel compensated for having to work longer for their retirement.

26. The Republic of Serbia provides 50 per cent of pension, disability and health insurance contributions of priests. It also subsidizes some religious communities.

The US Pension Protection Act of 2006 encourages employers to enroll employees automatically in a personal saving plan for old age.

Specifically, that means social security, private pensions, and medical and unemployment insurance plans that exist on paper but are woefully underfunded.

These shareholders are represented by institutional investors (pension funds, etc.) whose interests, agendas, and cozy relationships often align them more closely with firms CEOs and managers.

They will even produce proof in the form of an unemployment rate that does not rise, unprecedented increases in pensions, and strong growth in construction and metal working.

Russians seem to care less about political freedom than they do about social welfare pensions, domestic violence, children's rights, or police brutality.

America and the world should remember Argentina s privatization of its pension system was at the center of its recent fiscal woes.

While expenditure for both is rising rapidly, the offsetting revenues are coming from ever fewer people in employment.

Why? They are worried by the talk of pension reform, changes in the health system, and new eligibility rules for unemployment benefits.