Academic literature on the topic 'Private pension insurance'

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Journal articles on the topic "Private pension insurance"

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PFARR, CHRISTIAN, and UDO SCHNEIDER. "Choosing between subsidized or unsubsidized private pension schemes: evidence from German panel data." Journal of Pension Economics and Finance 12, no. 1 (2012): 62–91. http://dx.doi.org/10.1017/s1474747212000170.

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AbstractSince 2002, the German government has been attempting to increase private old-age provisions by introducing incentives such as supplementary subsidies and tax credits. Since then, the so-called ‘Riester pension’ has grown in popularity. Apart from subsidized pension plans, unsubsidized private pension insurances have – already in the past – been a very important instrument among old-age provision schemes. With data of the German SAVE study for the years 2005–2009, we analyze whether the decision for a ‘Riester pension’ is independent of the decision for unsubsidized private pension ins
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Fatenok-Tkachuk, Alla, and Daryna Melnyk. "THE STATE OF THE PENSION INSURANCE ACCOUNTING PROVISION ENVIRONMENT." Economic Analysis, no. 32(2) (2022): 194–202. http://dx.doi.org/10.35774/econa2022.02.194.

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The subject of the article is theoretical and applied principles of accounting support of pension provision in Ukraine. The purpose of the publication is the formation of theoretical and methodological and applied aspects of accounting and tax support of pensions in Ukraine. In the course of the research such methods were used as: systematization and generalization, retrospective analysis of the state of pension provision. The main aspects of providing pension insurance in Ukraine are considered. The issue of essential characteristics and structure of the pension system in accordance with the
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Шрам, Валерий, and Valeriy Shram. "PENSION INSURANCE REFORM IN CROATIA AT THE PRESENT STAGE." Journal of Foreign Legislation and Comparative Law 1, no. 4 (2015): 0. http://dx.doi.org/10.12737/14270.

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The article analyzes the pension insurance reform in Croatia, which marked the beginning of a three-level pension system formation. The first level includes old-age pensions, disability pension and survivors pension as part of the compulsory pension insurance system. The second level includes pensions on the basis of the compulsory pension insurance with a saving element. The third level is based on the voluntary pension insurance system. The author reveals the conditions for granting non-contributory pensions, non-contributory pensions with a saving element as well as conditions for granting
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COOPER, RUSSELL W., and THOMAS W. ROSS. "Protecting underfunded pensions: the role of guarantee funds." Journal of Pension Economics and Finance 2, no. 3 (2003): 247–72. http://dx.doi.org/10.1017/s1474747203001343.

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Employer-related pensions are a common and extremely important component of the compensation paid to workers in both the public and private sectors of developed economies. Many private pensions are insufficiently funded, exposing workers to the risk of a loss should their employer cease operations and not be available to meet pension obligations.In this paper we study the role of guarantee funds as providers of insurance to workers against the failure of firms with underfunded defined benefit pension plans. Employing a model that predicts pension underfunding, we consider first how private gua
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Mamatkazin, I. R. "COMPARATIVE ANALYSIS OF THE LEGAL NATURE AND ESSENCE OF PENSIONS FOR COMPULSORY PENSION INSURANCE AND PRIVATE PENSION PROVISION." Ex jure, no. 1 (2022): 116–30. http://dx.doi.org/10.17072/2619-0648-2022-1-116-130.

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Abstract: for more than twenty years, the private pension system has been operating in the Russian Federation. This system is based on pension contracts and pension schemes. The main participant in these relations is a private pension fund, which accumulates deposits of individuals, invests them and pays non-state (private) pensions. Other participants can be both individuals and employers in favor of their employees. It should be noted that the state exercises control over these relations. Despite the contractual nature of the relations, many issues related to non-state pension provision are
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Nazarenko, I. I., O. V. Zhulyn, N. P. Tesliuk, and A. I. Verbytska. "Private Pension Funds in Ukraine: The Problems and Prospects for Development." Business Inform 6, no. 521 (2021): 213–18. http://dx.doi.org/10.32983/2222-4459-2021-6-213-218.

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The article analyzes and evaluates the current state, problems and prospects for the development of the non-State pension funds in Ukraine. The issue of introduction of the pension system reform is considered, since pension provision is an important component of the socio-economic strategy of the country. The pension provision should function according to the principles of social justice and insurance principles, namely: all citizens of Ukraine are entitled to pensions, including the condition that those citizens who pay a larger amount of contributions or have more work experience than others
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Cubas Pardo, M. "The Spanish public pension system as opposed to the alternative of private pension plans." Finance, Markets and Valuation 6, no. 2 (2020): 13–26. http://dx.doi.org/10.46503/ppqf4480.

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Many countries are currently facing the problem of sustainability of public pension systems due to demographic developments and changes in the labor market. In this context, private pension plans are often presented as an alternative. This paper aims to describe the functioning of the current public pension system in Spain and the impact that abandoning the current public system and adopting a pension system based on private contributions would have on workers and pensioners. To this end, a hypothetical case study is presented, for an average worker, comparing the contributions made in each of
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Terentieva, I. V., and A. V. Svistunov. "Formation of Pension Savings from Pension Insurers: Comparative Analysis and Efficiency Assessment." Finance: Theory and Practice 27, no. 4 (2023): 17–29. http://dx.doi.org/10.26794/2587-5671-2023-27-4-17-29.

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The subject of the research is the formation of pension savings on compulsory pension insurance by public and private pension insurers. The paper’s relevance comes from the lack of a conclusive solution in contemporary research to the dilemma of selecting between maintaining competition in the pension market and centralizing pension savings. The purpose of the research is to assess the effectiveness of the formation of pension savings for mandatory pension insurance in private pension funds in comparison with the Pension Fund of Russia, both from the point of view of the interests of insured p
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Usonalieva, D. A., and L. N. Dzhalilova. "PROSPECTS FOR THE DEVELOPMENT OF STATE REGULATION OF PENSION PROVISION FOR THE POPULATION." Vestnik Bishkek state university af K Karasaev 3, no. 69 (2024): 237–42. https://doi.org/10.35254/bsu/2024.69.36.

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This article explores the issues with Kyrgyzstan's pension system post-USSR and its potential reforms. This highlights the importance of providing a decent living standard for pensioners and enhancing public financial literacy regarding pensions. The global pension system trends are reviewed, including maintaining state distribution systems with voluntary accumulative elements, raising the retirement age, and shifting to private pension insurance. Key deficiencies in Kyrgyzstan's pension system were identified: low financial literacy, poor interaction between the State Accumulative Pension Fun
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Cheberyako, O., and V. Bykova. "Models of the pension system: international experience and local practice." Bulletin of Taras Shevchenko National University of Kyiv. Economics, no. 212 (2020): 43–51. http://dx.doi.org/10.17721/1728-2667.2020/212-5/6.

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The article substantiates the nature of the national models of the pension system and its structure in accordance with the concept of the Organization for Economic Co-operation and Development (OECD). The basis of the national models of pension system are two well-known models of social security: Bismarck and Beveridge Social Insurance Systems. Thus, authors prepared the comparison of this models. The features of pension system in the countries of Europe (Germany, Great Britain, Sweden, Poland), the United States and Chile are analysed. The analysis of the national models of the pension system
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Dissertations / Theses on the topic "Private pension insurance"

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Nordahl, Helge A. "An analysis of life and pension insurance contracts /." Bergen : Norwegian School of Economics and Business Administration, 2007. http://www.gbv.de/dms/zbw/558155960.pdf.

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Marschallek, Christian. "Die "schlichte Notwendigkeit" privater Altersvorsorge." Universitätsbibliothek Leipzig, 2016. http://nbn-resolving.de/urn:nbn:de:bsz:15-qucosa-208237.

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In der Bundesrepublik hat sich die Überzeugung durchgesetzt, angesichts des bevorstehenden demographischen Wandels sei eine Stärkung kapitalgedeckter Elemente in der Altersvorsorge notwendig. Die Riestersche Rentenreform des Jahres 2001 stellt einen Schritt in diese Richtung dar. Zunächst wird dargelegt, dass die demographisch induzierten Schwierigkeiten der gesetzlichen Rentenversicherung (GRV) wahrscheinlich ebenso überschätzt werden wie das Problemlösungspotential einer verstärkten privaten Vorsorge. Daher wird anschließend untersucht, wie sich die Gewissheit von der Notwendigkeit kapitalge
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NEVES, CESAR DA ROCHA. "ESSAY ON DYNAMIC MODELING IN LIFE INSURANCE AND PRIVATE PENSION: LONGEVITY, SURRENDER AND EMBEDDED OPTIONS." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2015. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=26105@1.

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PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO<br>COORDENAÇÃO DE APERFEIÇOAMENTO DO PESSOAL DE ENSINO SUPERIOR<br>PROGRAMA DE EXCELENCIA ACADEMICA<br>Nesta tese, propomos quatro modelos dinâmicos para ajudar as seguradoras e fundos de pensão a medir e gerencias seus fatores de risco e seus planos de anuidade. Nos primeiros dois ensaios, propomos modelos de previsão de ganhos de longevidade de uma população, que é um importante fator de risco. No primeiro artigo, um modelo de séries temporais multivariado usando a abordagem SUTSE (seemingly unrelated time series equation) é proposto para pr
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Paudel, Bhim Prasad. "Life insurance and public and private pensions : a survey across some countries." Master's thesis, Instituto Superior de Economia e Gestão, 2013. http://hdl.handle.net/10400.5/11238.

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Mestrado em Ciências Actuariais<br>O estudo e comparação do desenvolvimento do setor dos seguros de vida e dos sistemas de pensões em diferentes países é um empreendimento de certa forma ambicioso, dada a complexidade das realidades em causa. Na prática, são quadros sujeitos a múltiplas influências, sobretudo o crescimento económico, o crescimento dos salários e a inflação, fatores que variam de país para país. Apesar disso, o objetivo principal deste trabalho é precisamente proporcionar uma visão tão global quanto possível de tais realidades. Para esse efeito, e de algum modo na esteira dos
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Dutto, Samantha Mia. "Public versus private sector outlays on non-wage compensation in Wisconsin : an analysis of health insurance, pension, tenure, and other systems." Thesis, Georgia Institute of Technology, 1995. http://hdl.handle.net/1853/28547.

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Тонконог, С. П. "Гендерні аспекти у недержавному пенсійному страхуванні в Україні". Thesis, Чернігів, 2020. http://ir.stu.cn.ua/123456789/21190.

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Тонконог, С. П. Гендерні аспекти у недержавному пенсійному страхуванні в Україні : магістерська робота : 231 Соціальна робота / С. П. Тонконог ; керівник роботи Ємець Н. А. ; Національний університет «Чернігівська політехніка», кафедра креативних індустрій та соціальних інновацій. – Чернігів, 2020. –84 с.<br>Сьогодні пенсійне забезпечення населення є однією з найгостріших соціально-економічних проблем в Україні. Покоління, яке працює не може утримувати людей пенсійного віку, яких з кожним роком стає все більше. В українському суспільстві досить поширеними є ситуації, коли жінка змушена присвят
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Шепілова, В. Г. "Проблеми і перспективи розвитку недержавного пенсійного страхування". Thesis, Українська академія банківської справи Національного банку України, 2013. http://essuir.sumdu.edu.ua/handle/123456789/59469.

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В умовах ринкової економіки державна політика у сфері пенсійного забезпечення направлена на створення ефективного механізму реалізації пенсійної реформи, яка спрямована на підтримку верств населення похилого віку. Недержавне пенсійне забезпечення існує паралельно з солідарною системою і базується на умовах добровільної участі фізичних і юридичних осіб у накопичуванні страхових внесків і формування страхових пенсійних виплат. Зростання фінансового навантаження на працююче населення є причиною підвищеної уваги суспільства до розвитку системи недержавних пенсійних фондів, діяльність яких
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Конопліна, Ю. С. "Класифікація корпоративних пенсійних схем за ступенем ризику". Thesis, Українська академія банківської справи Національного банку України, 2011. http://essuir.sumdu.edu.ua/handle/123456789/62889.

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Автор розглядає різноманітні види корпоративних пенсійних схем. основна увага приділена такій характерній рисі кожної пенсійної схеми, як рівень ризику. Автор здійснює дослідження залежності між такими показниками, як коефіцієнт фінансування пенсійної схеми і рівень ризику пенсійної схеми.<br>The author examines different kinds of corporate pension schemes. The main attention is paid to such characteristic feature of each pension scheme as risk level. The author implements study of dependence between such indicators as funding ratio of pension scheme and risk level of pension scheme.
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Хребтова, І. В. "Розвиток недержавних пенсійних фондів як каталізатор у реформуванні пенсійної системи України". Thesis, Видавництво СумДУ, 2011. http://essuir.sumdu.edu.ua/handle/123456789/11746.

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Федина, В. В. "Розвиток накопичувальної системи пенсійного забезпечення в Україні". Thesis, Чернігів, 2021. http://ir.stu.cn.ua/123456789/22122.

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Федина, В. В. Розвиток накопичувальної системи пенсійного забезпечення в Україні : дис. ... канд. екон. наук : 08.00.08 / В. В. Федина. - Чернігів, 2021. - 253 с.<br>Дисертація присвячена обґрунтуванню теоретичних основ розвитку накопичувальної системи пенсійного забезпечення. Розвинуто наукові погляди на економічну природу пенсійного забезпечення. Поглиблено теоретичні основи структуризації пенсійної системи, надано змістовно-функціональну характеристику накопичувальній складовій системи пенсійного забезпечення як оновленої парадигми соціальних гарантій, досліджено еволюцію недержавного пенсі
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Books on the topic "Private pension insurance"

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Vavrichek, Bruce. Federal insurance of private pension benefits. Congress of the U.S., Congressional Budget Office, 1987.

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United States. Congressional Budget Office, ed. Federal insurance of private pension benefits. Congress of the U.S., Congressional Budget Office, 1987.

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United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service. Financial strength of pensions and the Pension Benefit Guaranty Corporation: Hearing before the Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service of the Committee on Finance, United States Senate, One Hundred Second Congress, second session, on S. 3162, September 25, 1992. U.S. G.P.O., 1993.

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United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service. Status of the Pension Benefit Guaranty Corporation: Hearing before the Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service of the Committee on Finance, United States Senate, One Hundredth Congress, first session, May 18, 1987. U.S. G.P.O., 1987.

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United States. Congress. House. Select Committee on Aging. Subcommittee on Retirement Income and Employment. Private pension and retiree health benefits: Underserving today's retirees, retreating from tomorrow's? : hearing before the Subcommittee on Retirement Income and Employment of the Select Committee on Aging, House of Representatives, One Hundred First Congress, second session, July 27, 1990. U.S. G.P.O., 1990.

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United States. General Accounting Office., ed. Improving the financial condition of the Pension Benefit Guaranty Corporation: Statement of Joseph F. Delfico, Director, Income Security Issues, Human Resources Division, before the Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service, Committee on Finance, United States Senate. The Office, 1992.

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Office, General Accounting. Private pensions: Implications of conversions to cash balance plans : report to congressional requesters. The Office, 2000.

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Office, General Accounting. Private pensions: Spousal consent forms hard to read and lack important information : report to congressional committees. The Office, 1989.

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Office, International Labour. Complementing the Welfare State: The Development of Private Pension, Health Insurance and Other Employee Benefits in the United States. s.n, 1986.

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United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management. ESOPs and retiree health: Hearing before the Subcommittee on Taxation and Debt Management and the Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service of the Committee on Finance, United States Senate, One Hundred First Congress, first session, on S. 812, S. 1171, and S. 1303, July 19, 1989. U.S. G.P.O., 1990.

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Book chapters on the topic "Private pension insurance"

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Meier, Henri B., John E. Marthinsen, Pascal A. Gantenbein, and Samuel S. Weber. "Swiss Institutional Investors." In Swiss Finance. Springer International Publishing, 2023. http://dx.doi.org/10.1007/978-3-031-23194-0_6.

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AbstractInstitutional Investors, such as insurance companies, pension funds, real estate funds, and mutual funds, have become critically important players in the Swiss financial market. They channel capital from a multitude of investors, such as households, businesses, and the government, into asset classes like equities, debt, commodities, and real estate. The social security system plays a key role in this, together with the state-run basic benefit plan, the mandatory occupational pension scheme, and private savings. Insurance companies, comprising life insurance, non-life insurance, and rei
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Thyen, Kressen, and Klaus Schlichte. "Appropriating the Colonial State: The Emergence of Social Insurance in Tunisia and Uganda." In Global Dynamics of Social Policy. Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-030-91088-4_6.

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AbstractIn most African countries, social insurance has played a limited role in ensuring social protection for the wider populace. Based on a most-dissimilar case comparison of Tunisia and Uganda, we argue that the segmented and exclusive social insurance systems go back to colonial social policies. Original colonial pension schemes emerged via imperial staffing, the employment of “indigenous” public service and military personnel. With decolonisation, the appropriation of colonial structures and policies perpetuated the segmented feature of social insurance. Its expansion into the private se
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Boychuk, Gerard W., and Keith G. Banting. "The Canada Paradox: The Public-Private Divide in Health Insurance and Pensions." In Public and Private Social Policy. Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/9780230228771_5.

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"Social Insurance in the U.S. Retirement System." In Fundamentals of Private Pensions, edited by Dan M. McGill, Kyle N. Brown, John J. Haley, Sylvester J. Schieber, and Mark J. Warshawsky. Oxford University PressOxford, 2009. http://dx.doi.org/10.1093/oso/9780199544516.003.0002.

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Abstract The Social Security Act was adopted in 1935. Today, the Social Security pension system is the primary source of retirement security for large segments of the U.S. workforce. As we saw in Chapter 1, Social Security benefits are nearly equivalent to those provided by all employer pensions. For many workers, Social Security is the only organized retirement program that will provide them with a steady stream of retirement income. Even for those less dependent on the system, it provides important protections.
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Martseniuk, Olena. "CURRENT STATE AND DIRECTIONS OF INTEGRATION OF UKRAINE’S PENSION SYSTEM INTO THE EUROPEAN AND WORLD PENSION SYSTEM." In Global trends and prospects of socio-economic development of Ukraine. Publishing House “Baltija Publishing”, 2022. http://dx.doi.org/10.30525/978-9934-26-193-0-6.

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In Ukraine, the problem of building an effective system of social protection that can respond quickly to modern economic processes, provide citizens with a decent life, guarantee pensions and other social benefits at the level of market realities and state social standards remains one of the important objectives of public policy. The subject of the study is the pension insurance system in Ukraine, the activities of insurance companies in the pension system. The aim of the research is to study the theoretical foundations and practical aspects of pension insurance, the functioning of the Pension
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van der Heide, Arjen. "De-Risking Pensions, Managing Assets." In Dealing in Uncertainty. Policy Press, 2023. http://dx.doi.org/10.1332/policypress/9781529221350.003.0009.

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Chapter 9 examines the emergence of the pension de-risking market, which in many ways is exemplary of the changes in the insurance industry more generally. The chapter provides a brief historical overview of what became known as the ‘pensions crisis’ that led to the closure of many defined benefit pension schemes, leaving the legacy defined benefit pension liabilities to be picked up by insurance companies. The chapter then analyses the structure of this newly invigorated market field before analysing the ties with this field and the adjacent market field of asset management. The chapter concl
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"Plan Termination and Plan Benefits Insurance." In Fundamentals of Private Pensions, edited by Dan M. McGill, Kyle N. Brown, John J. Haley, Sylvester J. Schieber, and Mark J. Warshawsky. Oxford University PressOxford, 2009. http://dx.doi.org/10.1093/oso/9780199544516.003.0020.

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Abstract There are many reasons an employer might terminate a pension plan. The entire organization may go out of business, or the facility that employed all the plan participants might close its doors for good. The business may be sold to another company that intends to cover all employees under its own plan. The employer may decide to combine two or more plans or to replace one plan with another. Sometimes the employer can no longer afford to continue funding the plan. A number of statutory and regulatory requirements govern whether and how a plan may be terminated, and a system of benefits-
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Hollis, Patricia. "How to Address Gender Inequality in British Pensions." In Britain's Pensions Crisis. British Academy, 2006. http://dx.doi.org/10.5871/bacad/9780197263853.003.0007.

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Pensions have been constructed by men in full-time work for other men in full-time work; but most pensioners are women. The basic state pension (BSP) still assumes that women will derive their state pensions as dependants of their husbands. And modern occupational pensions (OP) still assume that women will derive private pensions from full-time work and full-time saving continued without interruption over forty years. Neither the model of the BSP nor of the OP fits the world women inhabit. Women are so at risk of poverty in retirement due to three main factors: fluid family forms, flexible lab
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Chung, Kyungbae. "The Income Security Systems in Korea." In The Korean Welfare State. Oxford University PressNew York, 2024. http://dx.doi.org/10.1093/oso/9780197644928.003.0005.

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Abstract Korea introduced a series of social security programs proposed by the International Labor Organization (ILO) from the 1960s, but the need for institutional reform is emerging due to its severely low birth rate and aging population. The foundation of Korea’s income security system is the special occupational pension, which includes civil servants, soldiers, and private school teachers, and the national pension, which covers most citizens except for these special occupational pension. The national pension and basic pension form the core of Korea’s public pension system, and improvements
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Tretiak, Diana. "IMPROVEMENT OF THE EFFICIENCY OF THE NON-GOVERNMENTAL PENSION INSURANCE IN UKRAINE." In Theoretical and practical aspects of science development. Publishing House “Baltija Publishing”, 2023. http://dx.doi.org/10.30525/978-9934-26-355-2-9.

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Private pension funds are a crucial tool for accumulating old age provision; through trust management, they collect insured persons' cash deposits in the country's economy to enhance them further. It is worth noting that the necessity to enhance the pension system in Ukraine is significant in today's world. The purpose of the study is to identify areas for improvement of the non-state pension insurance system in Ukraine based on foreign experience and to consider a model for the effectiveness of pension saving. Research methods are based on a system of general and specific scientific methods t
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Conference papers on the topic "Private pension insurance"

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Radojković, Ivan, and Kristina Stevanović. "Analysis of the voluntary pension funds in Serbia in 2023." In XIX International May Conference on Strategic Management – IMCSM24 Proceedings. University of Belgrade, Technical Faculty in Bor, 2024. http://dx.doi.org/10.5937/imcsm24055r.

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The topic of this paper is the analysis of the work of voluntary pension funds in Serbia in 2023, with emphasis on return rates from the funds' investments. In Serbia, both mandatory and voluntary pension insurance operate. The introduction of private voluntary pension funds together with the state pension fund is the essence of the reform of the pension system and that reform process started in 2005. Insurance system is based on three pillars. The introduction of the second pillar was left for "better days" and should not be expected soon. It is interesting that the President of the Republic
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"Indirect Real Estate Investments in the Finnish Private Pension Insurance Companies." In 2005 European Real Estate Society conference in association with the International Real Estate Society: ERES Conference 2005. ERES, 2005. http://dx.doi.org/10.15396/eres2005_239.

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Dabphet, Siriporn. "JAPAN’S AGING SOCIETY: POLICY, LESSON AND THE SILVER ECONOMY." In EduCon Singapore – International Conference on Education, 11-12 November 2024. Global Research & Development Services Publishing, 2025. https://doi.org/10.20319/icssh.2025.312326.

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This paper examines policies and lessons learned from Japan’s aging society and the potential of the silver economy. Through documentary research, the findings indicate that Japan’s population is aging more rapidly than in other countries, having transitioned into an aging society since the 1970s and subsequently into a super-aged society—the oldest in the world. This demographic shift has significant economic and social implications. In response, Japan has implemented various policies and preparations to address its aging population. These aging strategies are proactive and effective initiati
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Reports on the topic "Private pension insurance"

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Rojas, Eduardo. The Long Road to Housing Reform: Lessons from the Chilean Experience. Inter-American Development Bank, 1999. http://dx.doi.org/10.18235/0008522.

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Chile's housing policy is widely regarded as a success. For almost a decade, new construction has been above the level required to provide houses for new families and replace obsolete structures. This raises hopes that within the next decade all families in Chile will occupy dwellings that comply with minimum quality and service standards. This is no small accomplishment for a country just entering the middle ground in the development scale. Moreover, the private sector is taking an increasingly active role in housing production and financing. This too is a significant achievement considering
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