Le financement des retraites aux États-Unis

Vincent Touzé

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Abstract: In the United States, the funding of pensions is based on two pillars: a PAYG system pays basic pensions at a federal level; pension funds managed by public or private employers complete this system. The recession of 2009 has reduced the resources of the PAYG system. However, the funding has not been compromised due to financial income which offsets the primary deficit. In the long run, the accumulated reserve fund is not sufficient to cover forecasted future deficits. Reforms will be needed. In 2008, the pension funds have recorded a sharp devaluation of assets. For those that pay defined benefit pensions, the employers have to adjust their contributions. In case of bankruptcy, pension funds of private sector receive a federal guarantee. This is not the case for funds managed by states and local governments. Yet they seem more vulnerable. Corrective measures therefore seem unavoidable.

Keywords: Économie américaine; Système de retraite; Crise économique (search for similar items in EconPapers)
Date: 2011-07
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03461438
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Published in Revue de l'OFCE, 2011, 118, pp.63 - 112. ⟨10.3917/reof.118.0063⟩

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Working Paper: Le financement des retraites aux États-Unis (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03461438

DOI: 10.3917/reof.118.0063

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