This report provides an international perspective on Irelandís retirement income provision for a focused review on the viability and long-term impact of proposed changes in pension policy, taking into account the impact of the economic downturn. It covers all components of the pension system: state, private personal and occupational plans and schemes for public-sector employees.
Table of contents:
Acronyms and abbreviations 9 Executive summary 11 Chapter 1. Introduction and overview 15 -Introduction 16 -The OECD vision for pensions 18 -The European Commissionís White Paper on Pensions 19 -Irelandís pension system in international comparison 20 -References 24 Chapter 2. The Irish pension system today 27 -Structure of the public pension system 28 -Financing of public pensions 30 -Private pension arrangements 30 -References 58 Chapter 3. Future challenges for the Irish pension system: Adequacy, sustainability, modernity and equity 59 -Introduction 60 -Concept of pension adequacy 60 -Assessment of the adequacy of pension benefits in Ireland 61 -Concept of financial sustainability of pensions 66 -Assessment of financial sustainability of the Irish pension system 67 -The concept of modernity 74 -The assessment of modernity: Delivering longer working lives 75 -The concept of equity 82 -Assessment of equity in the Irish public and occupational pension systems 83 -References 89 Chapter 4. Options for pension reform in Ireland 91 -Critical elements for pension reforms in Ireland 92 -Options for parametric reforms of the Irish pension system 93 -Indexation and valorisation 104 -Options for structural reform of the Irish pension system 105 -Public service pensions 109 -Should there be separate pension schemes for public and private sector workers? 112 -What remains to be done in Ireland? 113 -References 145