The analysis, based on Household Budget Survey data, shows a persistent growth of activity rates and diminishing share of pensioners in the "critical" age group 55-64. There are the signs that the income position of pensioners has been gradually deteriorating in period from 1999-2001 to 2008-2010. Particularly, pensioners in pensioner households, whose pensions on average represent 95 percent of their disposable income, experienced the biggest decline in their income position. The increase in poverty incidence for pensioners was higher than increase in poverty incidence for the whole population.
F.30 Professional assessment of the situation
COBISS.SI-ID: 259172608The aging population requires that adjustments are made to the traditional way of providing pensions though pay-as-you-go (PAYG) systems. Governments should prepare sound second- or third-pillar frameworks (or both) for a sustainable long-term shift toward private pensions. This article makes two main points. First, fiscal limitations given the current and projected demographic dynamics will dramatically reduce PAYG pensions. Without sufficient savings during the active period, individuals will increasingly end up in poverty. Their savings will not be enough to support their desired consumption in old age. Second, we highlight the impact of the asset allocation decision and the general public’s related lack of awareness on this issue.
F.30 Professional assessment of the situation
COBISS.SI-ID: 20399846A second version of the Slovenian static microsimulation model has been constructed to assess the effects of comprehensive reform of social benefits. The paper describes the main characteristics of the current system of social benefits, reform changes and the structure of the model which was used to identify the winners and losers as well as the distributional effects of the reform.
F.23 Development of new system-wide, normative and programme solutions, and methods
COBISS.SI-ID: 1630350