In the Academy of Social Sciences in Australia 2013 Keith Hancock Lecture Retirement income design with an ageing demographic, Scientia Professor John Piggott FASSA, argues that population ageing has challenged the standard 20th century retirement income paradigm, which relies on ever-growing payrolls to finance retirees. These structures have become unsustainable in many countries, and public promises have not been kept.
Professor Piggott explains the challenges of retirement income provision in an era of demographic ageing, and explores alternative approaches to the financing and design of retirement incomes. Research analysis is combined with country experience to argue for a set of policies suitable for this new demographic environment.
Scientia Professor John Piggott FASSA, is Director of the ARC Centre of Excellence in Population Ageing Research at UNSW, where he is Scientia Professor of Economics and Australian Professorial Fellow. He has a long standing expertise in retirement and pension economics and finance, in both the academic and policy spheres. His Australian policy experience includes membership of both the Henry Tax Review Panel and the Ministerial Superannuation Advisory Committee.