Pensions legislation from Brussels

Pensions

and adaptability on the other need very careful adjustment. It is pleasing to read that the authors advocate giving full range to the more generous sentiments of human nature, and that they treat this subject sympathetically, but at the same time they endeavour to eliminate abuse as far as possible. The scheme of the book is interesting, it traces the history of the pension system from its ince...

Insulation of Pensions from Political Risk

There are many sources of political risk to public provision of pensions. This paper analyzes legislation to alter the retirement income system. This approach naturally recognizes that some changes in the system are good responses to social risk, while others generate such risks. Thus the discussion is in terms of the legislative actions. Particular attention is paid to the roles of automatic p...

From Litigation, Legislation

CEO Pensions

We examine whether CEO power can explain the vast amount defined benefit pensions received by them. Analyzing a sample of UK firms from 2003 to 2006, we find that pensions constitutes of almost 15% of the average CEO compensation. Statistical analysis shows that the variables representing increased CEO power have a positive influence on pension pay. We also find that the presence of defined ben...

Public Pensions

All industrial democracies have public pension or social security schemes that account for a substantial portion of the disposal income of the aged. Although some countries introduced public pensions as early as the 19 century, large scale social security systems did not emerge as an important feature of the welfare state in most OECD countries until after World War II. The involvement of the g...