½ per cent of GDP and the market value of pensionfundsassets (excluding the State pensionfund) the was 5.4 per cent of GDP at the end of 004. At the moment, pension ... system. The more the rate of return of pensionfundassets surpass the GDP growth ... In relation 50 to GDP
old age related expenditure Of which: consolidated public pensionfundassets ... (pension reforms). Differences in the technique used also play a role. For example ... Table 6.2 Projection of public finances according to a CPB estimate % GDP Total expenditure Of which: Age-related expenditure Pension expenditure Social security
old age related expenditure Of which: consolidated public pensionfundassets ... (pension reforms). Differences in the technique used also play a role. For example ... Table 6.2 Projection of public finances according to a CPB estimate % GDP Total expenditure Of which: Age-related expenditure Pension expenditure Social security
Table 6.1 Sustainability of public finances % of GDP Total expenditure* Of which: - age related expenditure Pension expenditures Health care Long term care Total revenue* Pension reserve fundassets Assumptions Labour productivity growth Real ... Demographic projections show that with unchanged policies the ratio of pensioners ... on the state old-age pension (AOW) and health care will rise faster than the revenues
Figure 2. No-reform scenario: Necessary payroll tax rate (left axis) and the ratio of the Government PensionFund to GDP measured in current prices (right axis) Percentage tax rate GPF/GDP Payroll tax rate GPF/GDP Year ... an unprecedented accumulation of financial assets. The GPF/GDP ratio rises from close ... than one percentage point. Consequently, the pre-funding needed to reduce the future growth
By 2010, the assets accumulated in private pensionfunds were worth 5.7% of GDP in Bulgaria, 7.4% in Estonia and the Slovak Republic, 14.6% in Hungary and 15.8% of GDP ... by the Economics Department at the OECD showed transfers worth between 1.0% and 1.6% of GDP
Figure 13 shows the required assets of three funds. With a stable interest rate ... 4 in mutual funds, 2.9 in pensionfunds, and 1.8 in insurance companies, in total US$ 14 ... = 0.4 as result µ = 0.20 or 0.11, respectively. This means that the fund must own
treasury.govt.nz) Percentage of Nominal GDP 350 45% Why Does the Fund Exist? 321 6% 40% 300 276 5% 35% 250 ... $bn (not inflation adjusted) Percentage of Nominal GDP OVeRView New Zealand ... New Percentage of Nominal GDPPercentage of Nominal GDPPercentage of Nominal GDP
pension payments, one may look at the net assets of pensionfunds in relation to GDP ... on the other. Figure 31 shows that the assets of Icelandic pensionfunds in relation to GDP ... FIGURE 31: NET ASSETS OF PENSIONFUNDS AND OLD-AGE DEPENDENCY RATIO IN 2050 Total net assets of pensionfunds (%GDP) relative to projected old-age dependency ratio