Eurostat's Influence Is Felt

May 2005
Emerging Europe Monitor: Central Europe & Baltic States;May2005, Vol. 12 Issue 5, p3
Country Report
Country Report
The article looks at the controversy associated with the decision of the Hungarian government to apply accounting rules to second-pillar pension schemes as of May 2005. The social insurance contributions made under the second pillar of the pension system are allocated between the state and privately-managed funds. This move was in line with the current financing arrangements in Hungary. In the past, the Hungarian ministry of finance has prepared its fiscal accounts by excluding transfers to second-pillar investments. In September 2004, Eurostat has ruled that private pension funds being managed by government units should be classified as public financial corporations rather than a component of the general government sector. One consequence for this is that contributions and benefits under second-pillar pension schemes constitute neither revenue nor expenditure for government financial accounts.


Related Articles

  • Pension income under scrutiny. Burgess, Peter // Money Management;5/5/2005, Vol. 19 Issue 15, p32 

    This article informs that the investment flexibility of self-managed superannuation funds (SMSFs) is well known. However, what is not as well known is that the income generated from certain SMSF fund assets may not be entitled to the concessional tax treatment normally associated with a...

  • Throwing light on the costs of state pensions. Reardon, Tony // Money Marketing;12/18/2003, p31 

    Discusses the cost of state pensions in Great Britain. Papers and proposals that will affect pensions; Issue of the uprating of state pensions; Projected expenditure from the National Insurance Fund; Government policy in state pension increases.

  • Retirement Isn't Simple Anymore.  // National Underwriter / Life & Health Financial Services;8/4/2003, Vol. 107 Issue 31, p5 

    Focuses on the different sources of the person's retirement income. Inclusion of workplace pension and Social Security system; Investment of the savings of the contributors in fixed-interest rate products; Guarantee of the pension.

  • DRAWDOWN SHOWDOWN.  // Finweek;11/10/2011, p50 

    The article reports that a new report from Coronation has urged pensioners to curb the percentage paid out of their living annuity every year. It is stated that the drawdown rate, as determined by investors and their advisers, may be between 2.5% and 17.5% of capital. Other issues related to...

  • Tom Kean: The tyranny of change.  // Money Marketing (Online Edition);4/22/2014, p7 

    The article provides the author's insight on issues related to budget policy and pension reforms in Great Britain. He notes that a truly enlightened politician in the country would consider the need for stability and leave things alone for many years. He also provides his view about the capping...

  • Tax relief reform and the political obsession with headline numbers. McMillan, Paul // Money Marketing (Online Edition);10/16/2013, p4 

    The article presents comments by the author on tax relief reform and the political obsession with headline numbers. The author says that the Government need to be exploring more ways to encourage an aspirational savings culture not mulling a new tax on investment performance. The author says...

  • Pensions, the Islamic way. Makani, Mohammad Ali // MiddleEast Insurance Review;Jun2014, p56 

    The article discusses the increasing demand for Islamic pensions. Topics discussed include sources of retirement income which include government social security schemes, personal savings and employer-sponsored retirement plans, takaful operators' launch of pension schemes wherein contributions...

  • Fiscal policy.  // OECD Economic Surveys: Luxembourg;Sep2003, p41 

    Presents an overview of Luxembourg's fiscal policies. Decline the budget surplus in 2000; Discussion on sustainable retirement income; Details of the pension system.

  • Are Target-Date Funds Taking on Too Much Risk? Barney, Lee // Money Management Executive;5/21/2007, Vol. 15 Issue 20, p3 

    The article focuses on the economic benefits and performance of target-date funds or lifecycle funds. Companies including Fidelity Investment, State Street Global Advisors, TIAA-CREF, and Vanguard, have increased the equity exposure in their target-date funds. According to Peter Brady, a senior...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics