25:
120:
382:
With recent and current reforms of public pensions aimed at future sustainability - involving inevitably a fall in the relative level of old-age benefits - the development of second and third pillar pensions has become a priority. In many countries, second pillar pensions have been made compulsory
252:
i.e. the future need for a flexible extension of work-life, mainly on a part-time basis, in order to supplement income from the three existing pillars. The reorganization of end-of-career and the new age-management strategy - in which gradual retirement is destined to play a key role - involved in
439:
Developing multi-pillar pension systems and promoting an extension of occupational life depend on certain conditions being met and will need to be preceded by a coherent, broad-based, informed and ongoing debate of all these issues. With the research programme and its fourth-pillar proposals, the
428:
In insurance, as in other sectors of the economy, workforce ageing will require planning for improved age management as a matter of urgency. The Geneva
Association's studies at the European and international levels have shown that, among other things, continuing training, worktime reduction, job
398:
and a rising proportion of people over 65 years. With good health expectancy it is not only possible but also essential to plan for flexible extension of working life. Pension funds must encourage and facilitate this extension which will also benefit the insurance sector workforce.
213:. Demographic trends - especially increased life and health expectancy - could be seen as positive if we were able to devise ways of enabling "ageing in good-health populations" to make a valid economic and social contribution to the functioning of our
429:
redesign and a review of the seniority-pay principle, will need increasingly to be addressed by individual insurance companies. Codes of employment might be an ideal place to start in developing new age management strategies.
247:
The Geneva
Association advocated in its publications and seminars a strengthening of the 2nd pillar and further development of 3rd pillar resources. However, the attention of the Geneva Association has focused above all on a
271:
Encouragement of complementary solutions to the challenges of a changing welfare state and new life-cycles, in particular of the key importance of a flexible extension of working life, that is the building of a 4th
338:
Newsletter (two a year), dedicated issues of the working papers "Etudes & Dossiers", brochures in
English and French for a wider public, contributions to academic and professional reviews, etc.
367:
devoted to social expenditure. The key challenge here has been to consolidate the partnership between the public and private sectors. Almost all States have had to redesign or readjust their
383:
and, where not already compulsory, have been encouraged by all kinds of financial and fiscal incentives. Private pension funds will play a growing role in securing future retirement income.
209:
research programme with a view to identifying possible solutions to the issue of the future financing of pensions and, more generally, to organising social security systems in our
363:
The current need for reforming social security has been felt in all countries. The main objective of this reform has been to reduce the hitherto substantial share of the
253:
establishing this pillar, also correspond to many of the changes (e.g. in quality of work and the life cycle) that are specific to our contemporary service economies.
324:
394:
It however must be understood that even substantial development of second and third pillar pensions will probably not be sufficient to compensate both longer
418:
and longer-life expectancy. Insurance companies have a key role in designing adequate and tailored products to cater to a wide range of needs and means.
297:
440:
Geneva
Association has been able to do pioneer work in this field and has (probably) made a significant contribution to this all-important debate.
35:
93:
65:
371:
on health and pensions so as to avoid creating public deficits which would otherwise place too great a burden upon future generations.
72:
156:
471:
79:
603:
316:
Stimulating pension and similar experts in reconsidering mainstream research and encouraging alternative views and approaches
50:
61:
480:
319:
Organizing seminars and conferences on these topics and participating in international events (e.g. European
Commission,
668:
484:
643:
130:
202:
86:
658:
210:
174:
42:
292:
Undertaking research on key issues and contributing to research undertaken by international networks (e.g.
364:
224:
owes its origin to the fact that in most countries the funding of pensions is based on three pillars:
305:
311:
663:
301:
177:, also known as the International Association for the Study of Insurance Economics. The aim of the
553:
536:
527:
518:
501:
453:
552:, The Geneva Papers on Risk and Insurance - Issues and Practice, Vol.24 - No.4 / October 1999,
535:, The Geneva Papers on Risk and Insurance - Issues and Practice, Vol.26 - No.4 / October 2001,
526:, The Geneva Papers on Risk and Insurance - Issues and Practice, Vol.27 - No.4 / October 2002,
517:, The Geneva Papers on Risk and Insurance - Issues and Practice, Vol.28 - No.4 / October 2003,
500:, The Geneva Papers on Risk and Insurance - Issues and Practice, Vol.30 - No.4 / October 2005,
293:
395:
214:
182:
368:
135:
In particular, it has problems with excessive bolding of terms. this isn't a glossary.
652:
585:, The Geneva Papers on Risk and Insurance - Issues and Practice, No.49 / October 1988
573:, The Geneva Papers on Risk and Insurance - Issues and Practice, No.62 / January 1992
567:, The Geneva Papers on Risk and Insurance - Issues and Practice, No.73 / October 1994
561:, The Geneva Papers on Risk and Insurance - Issues and Practice, No.81 / October 1996
607:
462:
579:, The Geneva Papers on Risk and Insurance - Issues and Practice, No.55 / April 1990
327:, insurance companies, national governments, universities, research centers, etc.)
275:
Understanding the role of insurance in the provision of old-age security systems
181:
research programme is to study the key importance in the new service economy of
24:
479:, formerly The Geneva Papers on Risk and Insurance Theory (until March 2005),
415:
194:
634:(known as the International Association for the Study of Insurance Economics)
186:
414:
In a more general way, it is essential to encourage long-term savings for
351:
research programme is relevant to the insurance sector in six main areas:
198:
243:: individual savings (personal pension and assets and life insurance).
190:
268:
Research of conditions for multi-pillar systems of pension financing
631:
265:
Analysis of the key elements in organizing old-age security systems
320:
330:
Publishing numerous materials such as books, special issues of
237:: the supplementary (often funding-based) occupational pension;
113:
18:
637:
450:
Working Beyond 60: Key
Policies and Practices in Europe
138:
46:
261:
The research programme has had four main objectives:
205:
389:extension of working life, i.e. of a fourth pillar
583:The Four Pillars, Aids and Other Insurance Issues
231:: the compulsory, pay-as-you-go, state pension;
173:is a research programme set up in 1987 by the
461:, Geneva Association Information Newsletter,
452:, by Geneviève REDAY-MULVEY / February 2005,
8:
494:The Future of Pensions and Retirement Income
51:introducing citations to additional sources
640:, International Social Security Association
334:(one dedicated issue every two years), The
284:Over the years, the main activities of the
604:"The Four Pillars Research Programme Page"
511:Age and Employment: the Firm and the State
298:International Social Security Association
197:. The programme focuses on the future of
157:Learn how and when to remove this message
606:. The Geneva Association. Archived from
41:Relevant discussion may be found on the
595:
332:The Geneva Papers on Risk and Insurance
524:Global Ageing and Pension Organisation
359:between the public and private sectors
62:"Four Pillars" Geneva Association
7:
477:The Geneva Risk and Insurance Review
16:Economic policy research programme
14:
550:New Policies at the End of Career
490:Special Issue on the Four Pillars
343:Relevance to the insurance sector
644:The World Economic Forum website
546:Financing Pensions in the Future
377:second and third pillar pensions
118:
34:relies largely or entirely on a
23:
632:The Geneva Association website
127:This article needs editing to
1:
577:Studies on the Four Pillars
571:Studies on the Four Pillars
565:Studies on the Four Pillars
559:Studies on the Four Pillars
542:Studies on the Four Pillars
533:Studies on the Four Pillars
507:Studies on the Four Pillars
685:
217:over the decades to come.
288:programme have included:
211:post-industrial societies
470:, Working Paper Series,
434:Devate and communication
129:comply with Knowledge's
481:The Geneva Association
472:The Geneva Association
463:The Geneva Association
515:The Future of Pension
306:World Economic Forum
47:improve this article
302:European Commission
220:The concept of the
139:improve the content
669:Economics research
554:Palgrave Macmillan
537:Palgrave Macmillan
528:Palgrave Macmillan
519:Palgrave Macmillan
502:Palgrave Macmillan
468:Etudes et Dossiers
454:Palgrave Macmillan
410:and life insurance
175:Geneva Association
498:Working Beyond 60
406:Encouragement of
215:service economies
167:
166:
159:
112:
111:
97:
676:
638:The ISSA website
619:
618:
616:
615:
600:
459:The Four Pillars
387:Promotion of an
369:welfare policies
162:
155:
151:
148:
142:
122:
121:
114:
107:
104:
98:
96:
55:
27:
19:
684:
683:
679:
678:
677:
675:
674:
673:
649:
648:
628:
623:
622:
613:
611:
602:
601:
597:
592:
446:
402:
396:life-expectancy
375:Development of
345:
282:
280:Main activities
259:
257:Main objectives
183:Social Security
163:
152:
146:
143:
136:
131:Manual of Style
123:
119:
108:
102:
99:
56:
54:
40:
28:
17:
12:
11:
5:
682:
680:
672:
671:
666:
661:
659:Life insurance
651:
650:
647:
646:
641:
635:
627:
626:External links
624:
621:
620:
594:
593:
591:
588:
587:
586:
580:
574:
568:
562:
556:
539:
530:
521:
504:
487:
474:
465:
456:
445:
442:
437:
436:
426:
425:
423:Age management
412:
411:
408:global savings
392:
391:
380:
379:
361:
360:
344:
341:
340:
339:
328:
317:
314:
312:The four plans
309:
281:
278:
277:
276:
273:
269:
266:
258:
255:
245:
244:
241:The 3rd pillar
238:
235:The 2nd pillar
232:
229:The 1st pillar
165:
164:
126:
124:
117:
110:
109:
45:. Please help
31:
29:
22:
15:
13:
10:
9:
6:
4:
3:
2:
681:
670:
667:
665:
662:
660:
657:
656:
654:
645:
642:
639:
636:
633:
630:
629:
625:
610:on 2007-04-11
609:
605:
599:
596:
589:
584:
581:
578:
575:
572:
569:
566:
563:
560:
557:
555:
551:
547:
543:
540:
538:
534:
531:
529:
525:
522:
520:
516:
512:
508:
505:
503:
499:
495:
491:
488:
486:
482:
478:
475:
473:
469:
466:
464:
460:
457:
455:
451:
448:
447:
443:
441:
435:
432:
431:
430:
424:
421:
420:
419:
417:
409:
405:
404:
403:
400:
397:
390:
386:
385:
384:
378:
374:
373:
372:
370:
366:
358:
354:
353:
352:
350:
342:
337:
333:
329:
326:
322:
318:
315:
313:
310:
307:
303:
299:
295:
291:
290:
289:
287:
279:
274:
270:
267:
264:
263:
262:
256:
254:
251:
242:
239:
236:
233:
230:
227:
226:
225:
223:
218:
216:
212:
208:
204:
200:
196:
192:
188:
184:
180:
176:
172:
161:
158:
150:
147:November 2022
140:
134:
132:
125:
116:
115:
106:
95:
92:
88:
85:
81:
78:
74:
71:
67:
64: –
63:
59:
58:Find sources:
52:
48:
44:
38:
37:
36:single source
32:This article
30:
26:
21:
20:
612:. Retrieved
608:the original
598:
582:
576:
570:
564:
558:
549:
545:
541:
532:
523:
514:
510:
506:
497:
493:
489:
476:
467:
458:
449:
444:Publications
438:
433:
427:
422:
413:
407:
401:
393:
388:
381:
376:
362:
356:
349:Four Pillars
348:
346:
336:Four Pillars
335:
331:
286:Four Pillars
285:
283:
260:
249:
246:
240:
234:
228:
222:Four Pillars
221:
219:
207:Four Pillars
206:
179:Four Pillars
178:
171:Four Pillars
170:
168:
153:
144:
137:Please help
128:
100:
90:
83:
76:
69:
57:
33:
357:partnership
664:Retirement
653:Categories
614:2007-06-01
590:References
416:retirement
294:World Bank
250:4th pillar
195:Employment
103:April 2021
73:newspapers
187:Insurance
43:talk page
485:Springer
304:, GINA,
199:pensions
355:Global
308:, etc.)
203:welfare
191:Savings
87:scholar
548:, and
496:, and
483:&
272:pillar
89:
82:
75:
68:
60:
94:JSTOR
80:books
513:and
347:The
325:CSIS
321:OECD
193:and
169:The
66:news
365:GDP
49:by
655::
544:,
509:,
492:,
323:,
300:,
296:,
201:,
189:,
185:,
617:.
160:)
154:(
149:)
145:(
141:.
133:.
105:)
101:(
91:·
84:·
77:·
70:·
53:.
39:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
