Résumé
The paper examines three countries, namely France, Cameroon and China (these countries; one from an underdeveloped country, another from an emerging nation and the third from a developed economy) in the light of their respective pension schemes.
Extract:
As society advances and life expectancy increases, the need for sustainability at old age becomes prominent. The continuous increase in the ageing population and the financial burden that this demographic restructuring have had on the working age group and governments is huge.
With this change in demographic structure, it becomes obvious that great proportions of resources from the Gross Domestic Product (GDP) of countries are allocated for the provision of social services for the old, amongst which is the payment of old age pensions. More so, entities that manage these funds have recently become very active and influential participants in the financial markets of their respective countries. It is common knowledge to hear pension schemes being quoted in the stock markets as heavy investors. These investments are usually made, pooling from the life savings of the retirees or pensioners (...)
Plan:
I) France
A. State Pension Funds
B. Additional Pension Schemes
C. Current Reform
II) Cameroon
A. Actors of the Pension System
B. Classification of the employer per scheme
C. Employer Pension Scheme
D. State pension scheme
E. Private Pension Scheme
F. Problems and possible solutions of the schemes
III) China
A. Working mechanisms
B. Channel for raising pension funds
C. Institutions for managing and delivering the pension funds
IV) Summary, conclusion and recommendations