Photo Mario Cruz / Lusa
Retired and pensioners have protested in the past three years against successive cuts
12/09/2014 10:51
Private Pensions with open door
Income Guarantee said shift to younger, warns OECD.
By Cristina Rita
The Organization for Economic Cooperation and Development (OECD) recognizes that ” younger generations may have to rely on private pensions when they retire “to ensure the level of income. This despite, in most countries, the public sector is the main source of funding.
In an analysis on the evolution of pensions between February 2012 and September 2014, the OECD concludes that most countries “developed an intense activity in terms of changing their systems.” Moreover, in the aftermath of the financial crisis, were “instituted policies to increase diversification and to ensure the savings of private pensions.”
According to the OECD, the “increase in the value of contributions and years of discount “, by postponing the retirement age, is one of the ways to meet the challenges of an aging population. But does not solve everything, for a positive economic environment is crucial, says. Portugal spends about 14% of GDP on public pensions, two more points than the OECD average:. 12%
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