obstacles to an elevated dose of capitalization | EUROtoday

Right as in employers, retirement by capitalization is, once more, in vogue. But the thought of ​​imposing this technique on the insured raises such financing issues which it appears virtually not possible to materialize. This is, in essence, the message contained in an article printed, Monday, May 19, by the Circle of Reflection Terra Nova. He may be very well timed for the reason that topic seems on the menu of negotiations that the social companions have initiated since February 27 to attempt to enhance our pension diets.

The observe launched on Monday was written by Eric Weil, Consultant of the Boston Consulting Group and ex-collaborator of Laurent Pietraszewski when he was Secretary of State for Pension (December 2019-May 2022). It makes an fascinating contribution to a debate that resurfaces, sporadically, for the previous thirty years.

In France, pension plans are primarily primarily based on a distribution precept: belongings pay contributions that are instantly used to finance the companies served for retirees. Other international locations, similar to Sweden, the United States or Australia, opted for hybrid formulation, with-alongside the distribution-a vital half granted to capitalization: this operates in line with a financial savings logic during which every employee contributes “On a personal account (…) or in a common fund ”the sums being placed on the financial markets, as recalled by the Terra Nova note.

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