Unlike other social policies which disproportionately target economically disadvantaged individuals, old-age programs, like pensions, mitigate life-course risks that are relevant to everyone. Whether someone is lower- or upper-class, young or old, everyone ages and could experience unexpected costs and reduced income. For this reason, all parties across the ideological spectrum have a political incentive to support these programs. Nevertheless, in our new article in Policy & Politics, ‘How partisan politics influence government policies in response to ageing populations,’ we emphasize that partisan politics still matter in determining the modes of policy provision in response to an ageing population. Continue reading →
In 2013, the University of Southern Denmark hired me together with a young Romanian colleague. While I was able to join straight away, she had to delay her arrival and extend her contract in Germany for an extra two months. Otherwise, she would have partly lost the entitlements accruing from her previous university’s pension scheme. This is because the minimum period to acquire occupational pension rights in Germany is five years. Hence, her right to the free movement of workers, guaranteed by the EU since 1958, was infringed.
The main problem lies with the coordination of social security rights across the EU. Even though the Coordination Regulations are the most advanced system worldwide that guarantees the portability of social security benefits for migrants, they cover statutory pension schemes only. By excluding supplementary, occupational pensions, they leave a regulatory gap in the protection of migrant workers under EU law. After decades of inertia, this suddenly changed in 2014 with the Supplementary Pension Rights Directive. Continue reading →
Liam Foster gives us an insights into his latest article in Policy & Politics on the impact of the latest pension reforms on women. Liam is from the University of Sheffield, UK.
The global economic and financial circumstances since the summer of 2007 are without precedent in post-war history. The resultant higher unemployment, lower growth, increasing national debt and financial market volatility have made it harder to deliver on pension promises and demonstrated serious weaknesses in the design of many pension schemes and their long-term sustainability. The crisis has enhanced existing challenges as well as creating new ones. This has accelerated the momentum of change in relation to pensions in a number of EU countries. Recent strategies to deal with pension challenges have differed with some countries extending help to safeguard private schemes while, in others, pension Continue reading →