Brazil's pensions are among the world's most generous, too, replacing 75% of average income.
Concern that a company's pensions could be inappropriately crammed with the company's own stock are hardly new.
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Kennedy's Health, Education, Labor and Pensions Committee's bill to The Washington Post.
Ultimately, the public purse would top up only pensions that fell short of the real value of today's pensions--mainly affecting those who had been unemployed for long periods or who had spent little time in a paying job.
As additional scandals related to conflicts of interest at the highest levels of major pensions emerge in the coming months, U.S. pensions will face growing pressure to respond.
FORBES: International Campaign to Eliminate Pension Consultant Abuses (November 2, 2004 )
This is yet another reason why a reform of Brazil's pensions systems is so important.
It is expected to underline warnings of a massive black hole at the heart of Britain's pensions.
The key theme running through Mr Pickering's 98-page report is that the UK's pensions regime is too complicated.
The report, titled Scotland's Pensions Future: What pensions arrangements would Scotland need?
Independent financial advisers will stay as they are, able to choose the best product from any company's pensions or investments.
Lord Turner, head of Britain's Pensions Commission, is the latest soft paternalist to recommend such a scheme (see article).
The new policies also cover supervisors, similar to agreements New York City's pensions struck last year with Goldman Sachs Group Inc.
Lord Turner's Pensions Commission said last year that it expected such schemes more or less to disappear from the private sector over time.
New GM no longer had an obligation to support Delphi's pensions.
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One of Mr Hutton's first jobs will be to deal with the final report of Adair Turner's Pensions Commission, due at the end of the month.
But if raising taxes on rich people is Mr Obama's only route to dealing with America's pensions problem, he will be far from an economic centrist.
The main quote first appeared in a press release issued by Labour's pensions spokesman earlier this month - as reported in The Independent two weeks ago.
For one thing, it has been reported that Koni is seeking funds from the Public Investment Corporation, which manages government employee's pensions and is entirely owned by the government.
Second and more important, most private-sector workers belong to a state-pension scheme in which today's contributions, instead of going into a long-term investment fund, are used to pay today's pensions.
Britain's Pensions Commission has used a net replacement rate of 80% for workers on average incomes as a rough guide to whether they will have enough to live on in retirement.
Lastly, loose talk by the ruling Liberal Democratic Party about doubling the consumption (sales) tax, to 10%, has not helped fragile sentiment, however necessary it may eventually be to pay for Japan's pensions burden.
The final report of Adair Turner's Pensions Commission is due at the end of the month, which is likely to say Britons must save more or work longer to avoid poverty in old age.
Mr Osborne presented a united front with Work and Pensions Secretary Iain Duncan Smith, following reports the Treasury wanted to scrap the work and pensions secretary's new Universal Credit over fears costs and complexity were spiralling out of control.
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Mr Maude reminded MPs that Lord Hutton - Labour's former work and pensions secretary who led the review of public sector pensions - had praised the government's offer as "generous", adding that unions should "stop holding a gun to the taxpayers' head".
To simplify Britain's messy state pensions in a way that rewards responsibility (David Cameron's favourite abstract noun) and pays for itself would be impressive.
Moreover, stakeholder pensions should not be considered in isolation from the government's other policies on pensions, savings and taxation.
Initially the banks will only be able to recommend other company's stakeholder pensions or Isas.
One sore point for this group is that for some, this country's basic pensions have been meagre, complicated and occasionally demeaning.
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