And there are signs that people are saving more in anticipation of less generous pensions.
Tata Steel gave generous pensions to the thousands of workers it got rid of.
The big savings will come more slowly from a radical shake-up of the generous pensions system.
Generous pensions (civil servants get 75% of their final six-months' salary) are mainly paid for by current workers.
Another would be to make public-sector staff contribute more to their generous pensions.
By international standards, its public servants enjoy generous pensions and retire unusually early, while poorer private-sector workers get miserly benefits.
Averting such a disaster will take big changes: more people contributing, less generous pensions and a ban on early retirement.
Some managing partners at elite firms that still offer generous pensions say that such plans help build loyalty and retain top talent.
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But without them, the workers they represent are paying for other people to get much more generous pensions than they will ever get themselves.
Governments tend to give their workers light workloads and generous pensions in lieu of higher wages (which have to come out of the current budget).
If you're trying to sort of balance out all of the areas of concern with contracts that force you to pay health benefits and generous pensions to work?
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Some complain that by posting such information Mr Scott, whose budgets have trimmed Florida's already lean workforce, is stoking public anger against state employees and their generous pensions.
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Many states and municipalities already face crippling pension costs, so they hire teachers on temporary contracts to prevent them acquiring the generous pensions entitlements of permanent staff, increasing turnover still further.
These include more generous pensions and conditional cash transfers schemes that offer payment to the poorest families in return for meeting specific conditions, such as making sure their children go to school.
Generous pensions have produced an epidemic of early retirement.
Like a bad dream, their paltry 401(k) balances will disappear, to be replaced by the more generous pensions they would have racked up had they been in the traditional plan all along.
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Making Brazil's absurdly generous pensions system slightly less so by raising the retirement age will require congressional approval but officials working on it hope that by pushing the pain into the future there is a chance it will pass.
In general, the goodies have come less in the form of pay rises (too visible), than in over-generous pensions and health care, early retirement and the sort of restrictive practices that were chased out of the private sector years ago.
But I did want to ask, a lot of the questions about this had to do with how well the U.S. carmakers could survive their own labor agreements and the labor agreements, indeed, they've reached in the past and the generous pensions that they provided for car workers.
Belgian pensions actually tend to be less generous than pensions in other European nations, according to data from Eurostat, the EU statistics agency.
The SNP hopes to extend state paternalism further, promising free universal childcare and more generous state pensions.
Mr Maude told MPs the government had brought forward a revised "more generous" pensions offer after listening to concerns of staff affected by the proposals.
Moreover, government spending is set to rise sharply early next century as growing numbers of workers retire and begin to claim their generous state pensions.
He denied that many public service workers had generous conditions and pensions compared to people in the private sector.
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He wants a slimmed-down single-chamber Congress, stronger parties, and an end to the scam which sees election-winners ceding their seats to alternates who also qualify for generous salaries and pensions.
And some 50% of the German workforce is covered by quite generous versions of occupational pensions.
My father belongs to three unions and has pensions and generous health benefits in retirement as a result.
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They do not understand why they should now pay to maintain the more generous defined-benefit pensions of public-sector employees.
The report suggests that many countries will find it difficult to contain the costs of population ageing by making mandatory pensions less generous.
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