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And the single-tier pension is making saving for a pension more worthwhile.
The CIS report makes a compelling case for how to truly make the pension more sustainable and fair.
Because he had not been told what was going on, Mr. Frommert said, he asked Xerox to calculate his pension more realistically -- but to no avail.
The relative pay of the less-skilled has fallen, making retirement on a public pension more attractive; for the unemployed, who are also likely to be less skilled, retirement is a terrific option.
Higher tax revenues and lower pension spending would then bring a double dividend for the public finances.Raising the pensionable age would therefore let the government take Lord Turner's second step: making the state pension more generous.
Further, are they less likely to be receiving a pension, more engaged in life, and are subsequently less depressed?
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Other reforms have been designed to make pensions more redistributive.
"For them to be making pensions more expensive at the same time is completely irrational".
A better idea would be to require companies to provide more information about pensions more often.
But the mayor has, in fact, supported legislation that makes pensions more lucrative.
· Simplification The Inland Revenue should simplify its rules on pensions in a step towards making pensions more comprehensible and accessible.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com