In this scenario, the recent reform measures allow a declining in the pensionexpenditurerelated to public employees of 0.6 percentage points of GDP by 2060, representing a reduction of almost 2 percentage points of GDP from 2007 expenditure (Table
In this scenario, the recent reform measures allow a declining in the pensionexpenditurerelated to public employees of 0.6 percentage points of GDP by 2060, representing a reduction of almost 2 percentage points of GDP from 2007 expenditure (Table
. Some reduction in expenditure on unemployment benefits is also projected. The projected reduction in unemployment benefits as a share of GDP is much smaller than for education expenditure, see Table 6. Will the dynamics in health-care expenditure ... of total and especially public health care spending on short and medium-term political decisions ... Total Age-relatedExpenditure Age-relatedExpenditure excluding Education
With an ageing population the expenditures for pensions, health and elderly care can be expected to increase. According to the scenario, these age-relatedexpenditures are projected to peak in the mid-2030s at 2.5 percentage points of GDP higher
Table 17 2060 Effects of a Permanent Economic Downturn Publicpensionspending Baseline scenario “Permanent shock” effect Public employees’ pensionspending Baseline scenario “Permanent shock” effect Source: CGA, MTSS and authors’ calculations. ... effect of the sustainability factor, minimizing the pensionexpenditure ... ” of lower pensionexpenditure in the long term. Given the more recent economic
Table 9 shows the impact of the decomposed factors in terms of percentage point changes in publicpensionexpenditurerelative to GDP. The findings can be summarised as follows: ... Due to Growth in: PublicPensions, Gross (percent of GDP) Dependency Ratio ... level p.p. change Pop(65+) Pop(15-64) Employed Pop(15-64) Pensioners Pop(65+) Average pension GDP per worker 2) –1.5 –0.4 –1.1 –0.4 –2.8 –0.6 –0.6 –0.5 –3.5 –0.1 –0
Between 2004 and 2030, publicpensionexpenditure is projected to decrease by 1 percentage ... Table 8 The Impact of Recent Pension Reforms Total Age-relatedExpenditure (percent of GDP) Change from 2004 to: Country Before reform After reform DK CY PT ... 10 years which involve a partial switch of the public old-age pension scheme into private funded schemes. Thus, the public provision of pensions will decrease over time
points of GDP reduction in the publicexpenditure by 2060 (Table 10). However its impact increases by 2040, while the number of pensioners is still growing. The new rules also anticipate the peak year for CGA pensionexpenditure to be 2009 while ... CGA pensionspending after reform CGA pensionspending before reform CGA pensionspending before 1993 reform(1) Contributions after reform
points of GDP reduction in the publicexpenditure by 2060 (Table 10). However its impact increases by 2040, while the number of pensioners is still growing. The new rules also anticipate the peak year for CGA pensionexpenditure to be 2009 while ... CGA pensionspending after reform CGA pensionspending before reform Contributions after reform Source: CGA and authors’ calculations.
a decrease in total pensionexpenditure by 0.7 percentage points in 2060, as pension ... in life expectancy leads to a rise in the pensionexpenditure ratio o f 0.4 percentage points ... Public Employees’ Pension System: Reasons and Results