Why do employees, particularly women, reject occupational pension schemes?

Gough, Orla

doi:10.1108/01425450410550464

Cited by 15 publications

(14 citation statements)

References 14 publications

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“…Divorced men and women forgo the possibility of a survivor's pension, even if this was an expectation while married (Ginn, 2003). This is particularly problematic given that Gough (2004) found women's reasons for not joining occupational pension schemes included the expectation that their partner would provide for them in retirement (26 per cent of female respondents compared with 1 per cent of males). Therefore, there is an increasing recognition of the need for women to have their own independent pension in retirement (Price, 2007b).…”

Section: Gender and Occupational Pensionsmentioning

confidence: 89%

Towards a new political economy of pensions? The implications for women

Foster

2010

Critical Social Policy

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This article employs a political economy approach to assess the changing nature of women's pension provision. Initially it provides an overview of the current context showing that many female pensioners are without access to significant pension entitlements in their own right. Then it examines the history of women's pensions over the last 30 years with reference to both state and private forms of provision. It considers the pension strategies of Thatcher and New Labour governments and their impact on women's pension situation. This includes an evaluation of recent New Labour proposals, such as Personal Accounts, a raise in the basic State Pension age and reintroduction of the link to earnings. Finally, the paper concludes that these proposals do not represent the emergence of a new political economy of pensions which better reflects the needs of female pensioners rather they are a response to the challenges of an ageing population.

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Section: Gender and Occupational Pensionsmentioning

confidence: 89%

Towards a new political economy of pensions? The implications for women

Foster

2010

Critical Social Policy

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“…Sefton et al (2008) indicate that women with higher pension incomes in older age are those who never married or who married later and never had children. Gough (2004) found that 26% of female employees said they had not joined occupational pension schemes because they expected their partner to provide for them in retirement. Increasing levels of divorce also affect pensions despite legislation allowing pension-sharing on divorce.…”

Section: Women Employment and Private Pensionsmentioning

confidence: 98%

“…Women's careers are more often characterised by movement between jobs and in and out of employment (Sefton et al, 2008). DB schemes typically operate with a one 60th principle for each year of service up to a maximum of 40 years, with a maximum income of two thirds of final salary in retirement (Gough, 2004). The best year of pensionable earnings in the last three years before leaving service usually represents the final pensionable earning.…”

Section: The History Of Private Pensionsmentioning

confidence: 99%

Privatisation and pensions: what does this mean for women?

Foster¹

2011

J. Poverty Soc. Justice

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This paper considers the relationship between gender and private pension provision. It provides a brief history of private pensions before considering the implications of pension policy on women's private pension situation under New Labour and, briefly, the coalition government. For instance, there has been an emphasis on neoliberal concerns of private saving and individual responsibility as a means of reducing expenditure and encouraging long-term sustainability. The paper suggests that the focus on individual responsibility in pension saving leaves many women ill-equipped to save and dependent on means-tested pension provision, largely as a result of intermittent work histories.

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“…Gallhofer and Haslam (1997) identify repressed groups such as women, ethnic minorities, indigenous peoples, colonised peoples, the poor, the exploited, the disabled, children and the aged, whose needs an enabling accounting should recognise. Pension provision in the UK is unevenly distributed among the population with women (Ginn, 2001;Gough, 2004), poorly-paid workers, employees in small firms and ethnic minorities having the poorest levels of provision (Pensions Commission, 2004). In both the UK (Emmerson, 2003) and the USA (McCarthy and Neuberger, 2003), a tendency has been noted towards considerably better pension provision for the higher paid.…”

Section: The Pensions Crisis In the Ukmentioning

confidence: 99%

And they all lived happily ever after?

Paisey

2006

Accounting, Auditing &Amp; Accountability Journal

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Purpose -The purpose of this paper is to assess the extent to which pension accounting represents an enabling or emancipatory accounting. Design/methodology/approach -Many countries are facing a so-called "pensions crisis" which is reflected in and arguably, to some extent at least, is precipitated by accounting. Occupational pensions in the UK are focused upon and their role in the pension crisis discussed. The enabling or emancipatory potential of the internet for accounting for occupational pension schemes is explored. The contents of the web sites of the 100 largest companies listed on the London Stock Exchange (FTSE 100) are examined in terms of the elements of an enabling accounting, as set out by Gallhofer and Haslam in 1997. Alternative forms of accounting for pensions, including accounts by trade unions and others, are also examined. Findings -The full possibilities of the internet have not yet been mobilised in respect of accounting for occupational pension schemes and companies' actions appear to be driven by the hegemony of the market rather than a concern for the social wellbeing of pensioners. A number of inequalities are evident.Research limitations/implications -The majority of UK employees have no occupational pension. The paper therefore only addresses one aspect of the pension crisis. Practical implications -Suggests how corporate web sites could be improved through the provision of dedicated pensions sections and increased pensions' disclosures. Argues that alternative accounts provided by trade unions, organisations associated with the elderly and others are required to provide counter accounts. Calls for more education about the importance of saving from an early age. Originality/value -Applies elements of an enabling accounting to a specific accounting problem, accounting for pensions.

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Why do employees, particularly women, reject occupational pension schemes?

Cited by 15 publications

References 14 publications

Towards a new political economy of pensions? The implications for women

Towards a new political economy of pensions? The implications for women

Privatisation and pensions: what does this mean for women?

And they all lived happily ever after?

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