The three-pillar principle: the Swiss pension system in simple terms. All the information you need on the individual pillars and their characteristics.
Fertility rate in Russia According to the United Nations' report World Population Prospects 2019, Russia could have less than 84 million population by 2100. Despite the numerous programs implemented by the government to encourage births, such as maternal capital benefits, the fertility rate has been...
So, a more important question is: “what discount rate should i be using to calculate the PV of my pension?” I use a discount factor of 3.5% that represents inflation and a partial risk free rate. Also, if there are indexed Cost of Living increases, then one must use the Multi ...
Raising the statutory retirement age is in line with the rapid improvement in educational levels in China. The average years of schooling for the population aged 15 and above rose from 5.3 years in 1982 to 9.9 years in 2020. At present, the gross enrollment rate of higher educat...
As for social security spending, public pension expenditure is forecast to take up approximately nine percent of China's GDP by 2050. Read more Age distribution in China from 2013 to 2023 Share of the population16.4%16.4%16.5%16.5%16.5%16.5%16.7%16.7%16.8%16.8%16.9%16.9%16.8%16.8%17.9%...
Age pension rate changes Each year, the Commonwealth Government reviews theage pensionrates for those who have reached retirement age. The current maximum fortnightly payments can be calculated below: Find the maximum Age Pension amount you could get ...
Shanghai, China's business metropolis, has implemented a trial scheme under which employees can choose to retire later than the current official retirement age. The government's aim behind the move is to postpone the payment of basic pensions as it grapples with a pension funding gap. ...
system will free up more household savings to be funneled to consumption. Previously, the country featured a high saving rate and a low consumption rate. Most Chinese residents save money with the primary purpose of coveri...
Retirement housing case study: renting or buying for old age From a financial point of view, whether it is more worthwhile to rent or own a home in old age depends on these three factors: Total housing costs Interest rate situation
Jin also said delayed retirement is conducive to increasing the participation rate of older workforce in the labor market, improving their income, pension and spending power. Among the elderly population in China, over 55 percent were under 70, making up for the main force who could still work...