Portability of Supplementary Pension Rights in the European Union

Andrietti, Vincenzo

doi:10.1111/1468-246x.00085

Cited by 10 publications

(14 citation statements)

References 7 publications

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“…With regard to statutory provision, most of the literature suggests that mobile workers can be quite confident of adequate protection. Many studies assume that the legislation described previously prevents losses on account of mobility (Schmähl, ; Whiteford, ; Andrietti, ; Holzmann et al ., ; Kalogeropoulou, ; Forteza, ). However, this claim has rarely been investigated empirically (see also Holzmann and Koettl, :49), and when it has, problems have been identified (Wildasin, ; Fenge and von Weizsäcker, ).…”

Section: Portability Of Pension Rights In the Eu – Legislation And Itmentioning

confidence: 99%

Free Movement? The Impact of Legislation, Benefit Generosity and Wages on the Pensions of European Migrants

Meyer

Bridgen

Andow

2013

Population Space and Place

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European (EU) economic integration has always involved a commitment to the free movement of labour, services and capital. However, the development by EU institutions of specific rights with respect to labour mobility has been slow. This paper explores this issue from the perspective of pension rights, among the most long‐lasting for citizens. It shows that the literature on this topic has focussed mainly on EU regulations, their scope and limitations. The paper argues that, although important, this work has led to the neglect of a more fundamental issue: the potential impact on mobility of the relative generosity of pension schemes and large national wealth variations, an increasingly salient issue since the expansion of the EU into Eastern and Central Europe. Thus, on the basis of a detailed review of dominant intra‐EU migratory patterns, the paper investigates the impact on pension rights of movement between Beveridgean and Bismarckian pension systems and between countries of substantially different wealth. It shows that lower income workers who move from Beveridgean to Bismarckian countries would be most at risk of pension losses. However, such movement is unusual; instead, the majority of intra‐EU migrants move from Bismarckian systems of low generosity in the poorer east to Beveridgean and more generous Bismarckian in the richer west. Workers who make this move are more likely to experience pension gains than losses. For them, free movement is achieved. Copyright © 2013 John Wiley & Sons, Ltd.

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Section: Portability Of Pension Rights In the Eu – Legislation And Itmentioning

confidence: 99%

Free Movement? The Impact of Legislation, Benefit Generosity and Wages on the Pensions of European Migrants

Meyer

Bridgen

Andow

2013

Population Space and Place

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“…In our view, that ne ces si tates clear tax ar range ments giv ing pref er ence, on one hand, to col lec tive forms over in di vid ual forms (so the dis tinc tion must be clar i fied) 43 and, on the other hand, fa vour ing forms ex pressly de signed to cover a so cial risk (so there has to be agree ment on the def i ni tion of this) over in de ter mi nate forms (sav ings). But it is not cer tain that any sin gle European model is emerg ing here.…”

Section: Resultsmentioning

confidence: 83%

Employee Benefit Plans in Europe: A Fragment or a Vehicle of Social Protection?

Martin

2005

Int Social Security Review

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Employee benefit plans occupy a special place in systems of social protection. Traditionally tied to work for an employer in a company, they provide a form of social protection which can be fairly described as fragmentary. That is to say, the rights they carry vary hugely from one employer to another or from one category of employees to another. This observation seems to hold true when we compare the position in various European countries. A certain movement towards harmonization now appears to be emerging, however, under the joint influence of greater European integration and the huge push for reform coming from the authorities in the various countries, aimed at giving people access to arrangements offering supplementary social protection. Not that the actual rights obtained through the employer are becoming standardized; it is rather that supplementary cover provided by or through the employer is being extended or made secure. The main concern of this paper is to identify the various legal approaches being used in Europe to attain this objective, and the difficulties encountered.E m ployee ben efit plans are a com pos ite set of ar range ments now a days seen as com ing un der the head ing of sup ple men tary so cial pro tec tion. But this func tional link to the gen eral sys tem of so cial pro tec tion must not ob scure the re al ity that em ployee ben efit plans are an ex tremely hetero -© In ter na tional So cial Se cu rity As so ci a tion, 2005In ter na tional So cial Se cu rity Re view, Vol. 58, 1/2005 Pub lished by Blackwell Pub lish ing 23 This ar ti cle is a fol low-up to a pa per pre sented at the Fo rum on So cial Pro tec tion in an En larg ing Eu rope, held in Paris from 20 to 22 March 2003 un der the aus pices of MiRe/DREES, the re search arm of the French Min is try of So cial Af fairs, La bour and Sol i dar ity.

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“…A pension scheme lacking full portability imposes a portability loss on workers who change to another scheme. The portability loss is the shortfall of retirement benefits from those that would have been paid had there been no change in the pension-scheme membership due to a change of jobs (Andrietti, 2001;Blake and Orszag, 1997: 21).…”

Section: Definitions and The Portability Issuementioning

confidence: 99%

“…In defined contribution (DC) pension schemes, contributions are accumulated in an individual savings account that is eventually used to buy an annuity or to pay programmed withdrawals to the worker when s/he retires. Usually, defined contribution schemes have full or almost full portability: after a short vesting period, workers assume ownership of their accounts and can take their savings with them when they change to another pension scheme (Andrietti, 2001;Blake and Orszag, 1997: 10). In defined benefit (DB) pension schemes, the sponsor of the plan promises a pension that usually depends on the final wage and the number of years of service.…”

Section: Definitions and The Portability Issuementioning

confidence: 99%

The Portability of Pension Rights: General Principles and the Caribbean Case

Forteza

2010

Development Policy Review

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The portability of pension rights is an increasingly important issue in the Caribbean. The large and increasing flows of migrant workers, including both permanent and temporary migrants, the small size of the domestic economies and the process of regional integration and economic openness call for effective means to make pensions portable. This article presents a select survey of the literature on pension portability, and reviews the progress made by the Caribbean countries as well as some remaining challenges in the light of the international experience.

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Portability of Supplementary Pension Rights in the European Union

Cited by 10 publications

References 7 publications

Free Movement? The Impact of Legislation, Benefit Generosity and Wages on the Pensions of European Migrants

Free Movement? The Impact of Legislation, Benefit Generosity and Wages on the Pensions of European Migrants

Employee Benefit Plans in Europe: A Fragment or a Vehicle of Social Protection?

The Portability of Pension Rights: General Principles and the Caribbean Case

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