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Working Paper 06-17 - Accrued-to-date pension entitlements in Belgium

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  • Yves Brys

Abstract

Supplementary table 29, "Accrued-to-date pension entitlements in social insurance"Â for Belgium will be published for the first time in 2017. This table covers the pension schemes in social insurance: statutory pensions and occupational pensions, whether they are funded or not. Table 29 shows the pensions entitlements on an accrued-to-date basis. These are present values of the pension entitlements of the retired population and the part of pension entitlements that is already accrued by the future beneficiaries. As such, accrued-to-date liabilities do not represent public debt and are not an indicator of the fiscal or financial sustainability of the pension systems and are only appropriate for national accounts purposes. Accrued-to-date liabilities should only be interpreted as an asset from the households in national accounts' terminology. An assessment of the sustainability of the pension systems can be found in the reports of the Ageing Working Group or the Belgian Study Commission for Ageing.

Suggested Citation

  • Yves Brys, 2017. "Working Paper 06-17 - Accrued-to-date pension entitlements in Belgium," Working Papers 1706, Federal Planning Bureau, Belgium.
  • Handle: RePEc:fpb:wpaper:1706
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    References listed on IDEAS

    as
    1. Jinjing Li & Cathal O’Donoghue & Gijs Dekkers, 2014. "Dynamic Models," Contributions to Economic Analysis, in: Cathal O’Donoghue (ed.), Handbook of Microsimulation Modelling, volume 127, pages 305-343, Emerald Publishing Ltd.
    2. Alain Jousten & Sergio Perelman & Fabio Sigismondi & Ekaterina Tarantchenko, 2012. "Accrued Pension Rights in Belgium: Micro-Simulation of Reforms," International Journal of Microsimulation, International Microsimulation Association, vol. 5(2), pages 22-39.
    3. Reimung Mink, 2008. "General government pension obligations in Europe," IFC Bulletins chapters, in: Bank for International Settlements (ed.), The IFC's contribution to the 56th ISI Session, Lisbon, August 2007, volume 28, pages 199-209, Bank for International Settlements.
    4. Gaëtan de Menten & Gijs Dekkers & Geert Bryon & Philippe Liégeois & Cathal O'Donoghue, 2014. "LIAM2: a New Open Source Development Tool for Discrete-Time Dynamic Microsimulation Models," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 17(3), pages 1-9.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    National accounts; Table 29; Supplementary table; Accrued-to-date liabilities; Pension entitlements; Eurostat;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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