Italy's indexing, minimum benefits, and pension reform.
نویسنده
چکیده
I " addltmn, the clams for cash benefits of some 70,000 persons prevtously disallowed by the Department of Labor ~111 be rewewed Clams re-caved and allowed by that agency wdl be payable re-troactwely to the onset of dtsabthty or, ,f that date cannot be determined, to the date of request for review of the cly~m, but no earher than January 1, 1974 Medical Benefits Before the amendments, medtcal benefits for condo-ttons resulting from pneumocomosls were payable to mmers recewtng cash benefits under Part C of the program (clmms filed after December 31, 1973, and ad-mtmstered by the Department of Labor) Mmers re-cervtng Part B cash benefits (claims filed on or before December 31, 1973, and admlnlstered by the Socral Se-curlty Admlnlstratmn) now may also qualify for medical benefits under administration of the Department of Labor for the,, lung duorders The Soaal Secur,ty Administration will notify all Part B benefuarles of this prowston Beneficiaries ~111 then have 6 months I " which to churn medal benefits Offset for Workers' Compensation Payments Fmmerly, Part B benefits were offset by the amount of workers' compensation payments received for any type of dlsablhty The law now provtdes that Part B benefits ~111 be offset I " the same way as Part C benefits The offset will be made only for that part of the workers' compensatmn benefit bemg pad for dlsablhty caused by miners' pneumoconmsis The cost of this change to the Sow11 Security Admmtstratmn has been estimated at $8-$10 million annually through 1982 Black Lung Disability Trust Fund Before the I977 amendments, the cost of benefits not attributable to individual employers was fmanced through general revenues Pubhc Law 95-227 estab-hshes a black lung dlsabtltty tmst fund to finance the cost of claims involving mmers whose last employment was before January 1, 1970, and those for whom no responsible coal-mme operator has been identlfwd The fund ~111 also pay the admmtstrattve expenses involved m nnplementmg the I977 amendments for both the Department of Labor and the Soaal Security Admmistra-tmn The fund ~111 be supported by an excise tax payable by all local coalmine operators, except where a State law has bee " certified by the Secretary of Labor as providing adequate coverage for pneumoconmsas The tax will be levied on coal mined at the rate of 50 cents per ton for underground coal and 25 cents per ton for surface-mined coal, but the amount …
منابع مشابه
The Effects of Parametric Reforms on Retirees’ Welfare and Financial Sustainability of the Social Security Organization Pension System
Extended Abstract Introduction: The World Bank in its 2017 report on Iran, listed three crises for the Iranian economy: pension funds, water security, and ecology. Pension funds crisis can be addressed in many respects, but what is now referred to, as the main problem of pension funds in Iran, is the large financial deficit in the three pension funds: Civil Servants Pension Fund (CSPO), Armed ...
متن کاملThe Effects of Parametric Reforms on Retirees’ Welfare and Financial Sustainability of the Social Security Organization Pension System
Extended Abstract Introduction: The World Bank in its 2017 report on Iran, listed three crises for the Iranian economy: pension funds, water security, and ecology. Pension funds crisis can be addressed in many respects, but what is now referred to, as the main problem of pension funds in Iran, is the large financial deficit in the three pension funds: Civil Servants Pension Fund (CSPO), Armed ...
متن کاملThe Effects of Proposals for Basic Pension Reform on the Income Distribution of the Elderly in Japan
The aging of the population in Japan is a serious problem, and the reform of the public pension system is a major political issue. Although the 2004 pension reform was enforced in Japan to ensure a sustainable pension system in such an aging society, people remain quite apprehensive about the pension system. They believe that the current situation wherein a considerable number of people are not...
متن کاملExcess Early Retirement? Evidence from the Norwegian 2011 Pension Reform∗
This paper studies how a major reform of the Norwegian pension system affected the labor supply and pension claiming behavior of older workers. The 2011 reform brought three major changes: (i) individuals may start claiming pensions anytime between ages 62 and 75; (ii) there are actuarially neutral pension adjustments for early/late claiming; and (iii) pension benefits are no longer earnings te...
متن کاملAging and Pension reform with Change contribution rates
Increased life expectancy and reduced fertility rates have led to aging which is one of the main causes of the pension funds imbalances in Iran’s pension funds. In order to resolve these imbalances, some reforms are required. The first option is to use parametric reforms, such as changing contribution rates of the pension system. The purpose of this study is to examine the impact of aging and c...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
- Social security bulletin
دوره 41 8 شماره
صفحات -
تاریخ انتشار 1978