For the old age pensionexpenditure alone, the positive contribution ... of the replacement rate is even more negative. 2. Other age-related publicexpenditure ... TABLE 31 - Decomposition of changes in old age pensionsspending and in spending in replacement revenues to population over 55 - Lisbon scenario (in % of GDP
Figure 14: Balance of the publicsocial insurance funds (% of GDP) Source: NSSI ... Despite the measures, adopted for boosting the PublicSocial Security revenue ... to decline and reach around 0.55% of GDP in 2021, before starting to rise back and amount to 3.54% of GDP at the end of the period. The long-term trend for rising spending
Table 16: Pensionexpenditure projections before and after reform (% of GDP) Pre reform Post reform Source: Addendum to the December 2006 update of the Maltese convergence programme Note: The new long-term projections have not yet been submitted ... contributions paid to the publicpension schemes. As this ceiling does not grow as fast ... In the pre-reform scenario, the pension contributions ratio was projected to fall significantly over the long-term (by about 4 p.p. of GDP between 2005 and 2050
TABLE 13: PUBLICEXPENDITURES ON PENSIONS, HEALTHCARE, LONG-TERM CARE, EDUCATION AND UNEMPLOYMENT BENEFITS (2005-2060)1 % of GDP Total expenditure (2) of which: age-related expenditurePensionexpenditure of which: seniority and oldage ... Overall, the ratio of age-related expenditure to GDP should increase by 2.5 percentage points during the 2005-2060 period (Table 13). However, the bulk ... by the contraction of GDP due to the crisis. In the years after 2010, the age-related expenditure
Table 7a. Long-term sustainability of public finances % of GDP Total expenditure Of which: age-related expendituresPensionexpenditureSocial Security pension Old-age and early pensions Other pensions (disability, survivors) Civil servants ... of which: from pensions contributions (or social contributions if appropriate) Pension reserve fund assets Of which: consolidated publicpension fund assets (assets other than government liabilities) Systemic pension reform (1) Social contributions diverted
and expenditure related to pensions of public enterprises; excluding early retirement ... expenditures in GDP fall by 1.72 percentage point between 2000 and 2050. Several elements ... Contribution of: replacement ratio (average pension a / GDP per person employed) coverage
with pensions in 1.1 percentage points of GDP, until 2050 (see Table VI-2). Table VI-2. Projection of expenditures in social security pensions [Percentage of GDP] Cumulative increase from to 2050 [in p.p.] According to the Law 17/2000 Expenditure with pensions ... step towards the reinforcement of sustainability. The last available projections suggest that this reform will reduce the increase in expenditures with pensions in 1.1 percentage points of GDP, until 2050 (see Table VI-2).
Percentage changes in ratios driving publicpensionexpenditure, 2000 to 2050 Old-age dependency Employment Eligibility Benefit B DK D EL E F IRL I L NL A P FIN S UK EU ... Note: The results shows the increase/decrease in publicspending on pensions ... the average pension as a % of GDP per person employed. Source: EPC working group on ageing populations This pressure for increased spending on publicpensions is partly offset
of 10% in publicpensionexpenditure (corresponding to one percentage point of GDP ... employment rates on publicpensionexpenditure will mainly occur before 2015. Graph 3-2 below shows the interdependence between these variables. Overall, a six percentage ... Graph 3-2 Employment effect on the decrease in publicpensionspending during the periods 2005-2015 and 2015-2030 Change in the em ploym ent rate 2005-2015 Change
to an increase in publicpensionsexpenditure of 6 , 4 and 7 % of GDP respectively. With regard to public health expenditure, broadly similar percent points increases ranging ... Graph 8: Publicexpenditure implications of ageing populations in the EU, USA, and Japan: pensions and health care, 2000–50 Pensions (% of GDP) Health (% of GDP) EU EU USA USA Japan Japan Source: Commission services. ... demographic effects and assumes a substantial deterioration in age-related public