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Social Security and Occupational Pension Schemes

Published online by Cambridge University Press:  03 October 2014

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Synopsis

Social security in the United Kingdom is at a crossroads. Should it become more selective, and if so, what form should the selectivity take ? Should the traditional methods of finance be changed ? What is to be done about the pockets of poverty which still exist ?

Occupational pension schemes, too, are coming increasingly under public scrutiny. Are they fulfilling their role adequately ? In what ways do they need to be improved ?

The Government is expected to announce next year its proposals for a new State pension scheme. These seem likely to include a change in the financing of National Insurance benefits generally. They may contain features which could set the State scheme and occupational schemes on a collision course.

The paper examines some of the issues involved and indicates lines along which future developments might take place. It concludes by describing a way in which State and occupational schemes could continue to work in partnership.

Type
Research Article
Copyright
Copyright © Institute and Faculty of Actuaries 1968

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References

page 312 note 1 The information in this paragraph has been extracted from Professor Townsend, P., “The Disabled in Society” (the text of a lecture to the Royal College of Surgeons delivered on 5th May 1967, available from the Greater London Association for the Disabled)Google Scholar.

page 314 note 1 The retirement age in Sweden is 67. For comparison with the United Kingdom I have excluded men aged 65 and 66 and women aged 60 and over.

page 314 note 2 Source: “Official Statistics of Sweden: National Insurance 1964”, supplemented by information given to the writer by the National Social Insurance Board in Stockholm.

page 331 note 1 Editor's note.—See Mr Lyon's written contribution at the end of the discussion.

page 347 note 1 My thanks are also due to R. L. Goldby for checking the many statistics included in these pages.