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Download Longevity Policy: Facing Up to Longevity Issues Affecting Social Security, Pensions, and Older Workers eBook

by John A. Turner

Download Longevity Policy: Facing Up to Longevity Issues Affecting Social Security, Pensions, and Older Workers eBook
ISBN:
0880993774
Author:
John A. Turner
Category:
Social Sciences
Language:
English
Publisher:
W.E. Upjohn Institute (June 21, 2011)
Pages:
159 pages
EPUB book:
1281 kb
FB2 book:
1350 kb
DJVU:
1406 kb
Other formats
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Rating:
4.3
Votes:
724


This book focuses on public policy issues concerning Social Security, pensions, and older workers . Not only has increased longevity occurred for all major demographic groups, but people are healthier at older ages.

This book focuses on public policy issues concerning Social Security, pensions, and older workers that arise because people are living longer. The question it addresses is, What should be the retirement policy responses to increased longevity? Not only has increased longevity occurred for all major demographic groups, but people are healthier at older ages. This book draws on international experience to recommend solutions for . The premise of the book is that public policy should recognize longevity policy as a distinct area-as we do now, for example, for climate change.

The increased longevity of the workforce itself, given the current customary retirement age, increases the number of. .The second is consideration of the issues surrounding whether or not older workers can successfully extend their working lives.

The increased longevity of the workforce itself, given the current customary retirement age, increases the number of years that recipients would draw on a retirement system relative to the years spent paying in, thus representing additional cost to a retirement system. This effect is compounded by the setting of low early retirement ages; that also adds to the number of years workers draw on a system. Not only are workers living longer, but they have improved levels of general health and lower disability rates than two decades ago.

Turner addresses these policy issues and makes the case that longevity policy should be recognized as a distinct .

Turner addresses these policy issues and makes the case that longevity policy should be recognized as a distinct area-as we do now for climate change. Instead of treating issues relating to older age, Social Security, and pensions separately, we need to recognize the interrelationships among these areas and adopt a unified approach toward policy. Doing so, Turner argues, would make for much more effective and efficient policymaking.

Longevity Policy book.

Turner argues that public policy should recognize longevity policy as a distinct . John A. Turner, 2011.

Turner argues that public policy should recognize longevity policy as a distinct policy area. Rather than separately treating issues raised by life expectancy (. Social Security, pensions, older workers), a unified approach should be developed that recognizes their interrelationship. Longevity Policy: Facing Up to Longevity Issues Affecting Social Security, Pensions, and Older Workers," Books from Upjohn Press, . Handle: RePEc:upj:ubooks:lp Note: PDF is the book's first chapter.

book by John A. Turner. This book focuses on public policy issues concerning Social Security, pensions, and older workers that arise because people are living longer

book by John A. This book focuses on public policy issues concerning Social Security, pensions, and older workers that arise because people are living longer. The question it addresses is, ?What should be the retirement policy responses to increased longevity? Not only has increased longevity occurred for all major demographic groups, but people are healthier at older ages.

Longevity policy by Turner, John . 2011, . Turner, John A. Longevity policy. 1 2 3 4 5. Want to Read. Are you sure you want to remove Longevity policy from your list? Longevity policy. facing up to longevity issues affecting social security, pensions, and older workers.

Longevity risk is a problem for older people worldwide Longevity Policy: Facing Up to Longevity Issues Affecting Social Security, Pensions, and Older Workers, Kalamazoo, MI: .

Longevity risk is a problem for older people worldwide. The majority of people worldwide age 75 and older do not receive social security old-age benefits. This problem mainly occurs in lower-income countries. This paper argues for old-age benefits coverage for persons age 75 and older through longevity insurance benefit programmes. Because of the advanced age at which these programmes start paying benefits, such a goal would be relatively inexpensive for most countries. Longevity Policy: Facing Up to Longevity Issues Affecting Social Security, Pensions, and Older Workers, Kalamazoo, MI: .

The life expectancy of Americans continues to increase, and each day 12,000 baby boomers turn 50, expanding the ranks of our older population while ramping up the pressure on public and private retirement programs. At the same time, public policy has failed to keep pace with the challenges this aging population brings of how to pay for the living costs of those added years; many of our current social policies and employee benefit policies were designed during an era when people had shorter life spans.

In Longevity Policy: Facing Up to Longevity Issues Affecting Social Security, Pensions, and Older Workers, John A. Turner addresses these policy issues and makes the case that longevity policy should be recognized as a distinct area - as we do now for climate change. Instead of treating issues relating to older age, Social Security, and pensions separately, we need to recognize the interrelationships among these areas and adopt a unified approach toward policy. Doing so, Turner argues, would make for much more effective and efficient policymaking.

Turner begins the book by documenting the overall increase in life expectancy, the ensuing distributional issues observed in the United States diverse population, other related demographic changes, and the costs associated with increased longevity. The remainder of the book is divided into four parts:

1) issues relating to the labor market for older workers, including changes in the health of older workers and in the job requirements by employers;

2) an examination of how Social Security policy is affected by increasing life expectancy, and a proposal for a new benefit that Turner dubs "longevity insurance;"

3) a look at how private pension policy is affected by increasing life expectancy, including issues for 401(k) plans and defined benefit plans; and

4) a set of five policy recommendations based on an integrated approach to solving the problems arising from increased life expectancy.

Turner not only makes the case for a number of distinct policies, he goes further, expressing the need for a package of complementary longevity policies. These policies would reinforce one another in accomplishing several things: they would help encourage work at older ages, move Social Security toward solvency, provide more efficient targeting of Social Security benefits, increase annuitization of 401(k) accounts, and encourage employers to offer defined benefit plans to their workers. Taken together, Turner argues, they would facilitate the adjustment of workers and pension systems to the costs and benefits of a longer life.