TY -
GEN
AU - Naczyk, Marek
AU - Palier, Bruno
AU - University of Edinburgh, Publication and Dissemination Centre (PUDISCwowe)
TI -
Complementing or replacing old age insurance? The growing importance of funded pensions in the French pension system
KW - Altersvorsorge
KW - Modell
KW - Governance
KW - Rente
KW - Frankreich
KW - Rentenversicherung
KW - Umlageverfahren
KW - Kapitalbildung
KW - private Vorsorge
KW - France
KW - occupational fragmentation
KW - pay-as-you-go occupational schemes
KW - funded private pensions
PY - 2010
N2 - Veröffentlichungsversion
N2 - begutachtet
N2 - The French pension system has for long been characterised by its very low reliance on funded pensions, which have almost become a taboo subject since the Second World War. While other countries have often complemented statutory pensions with funded occupational pension schemes, in France, the social partners have put in place an encompassing network of supplementary pension arrangements financed on a pay-as-you-go (PAYG) basis. The generosity of these schemes and their defence by trade unions and part of the business community has considerably limited the room for expansion of funded pension schemes. However, the role played by these supplementary PAYG schemes has significantly changed over the last two decades. First, the gradual harmonization of rules within the different schemes and their compliance with EU social security regulations are leading to their quasi 'first-pillarization'. Second, similar to statutory pensions, these schemes have also undergone gradual retrenchment and will offer reduced replacement rates. As a result, the development of pension savings has been implicitly promoted, although more on a voluntary basis than on a compulsory one. Despite a unification in the regulatory framework governing funded – occupational and personal – pension plans, access to these schemes remains mostly limited to high-skilled workers.
BT - Working Papers on the Reconciliation of Work and Welfare in Europe ; Bd. REC-WP 08/2010
CY - Edinburgh
UR - http://slubdd.de/katalog?TN_libero_mab2
ER -