RT Journal Article SR Electronic T1 Improving Pension Income and Reducing Poverty at
Advanced Older Ages: Longevity Insurance Benefits
in Ireland and Poland as Models for the United States JF The Journal of Retirement FD Institutional Investor Journals SP 111 OP 120 DO 10.3905/jor.2017.4.3.111 VO 4 IS 3 A1 John A. Turner A1 Gerard Hughes A1 Agnieszka Chłoń-Domińczak A1 David M. Rajnes YR 2017 UL https://pm-research.com/content/4/3/111.abstract AB In the United States, poverty rates increase at advanced older ages, a trend absent from Ireland and Poland. This article discusses the Age 80 Allowance in Ireland for persons aged 80 and older and the Care Allowance in Poland for persons aged 75 and older as longevity insurance benefit programs that reduce poverty at advanced older ages. Both Ireland and Poland have poverty rates for persons aged 75 and older that are equal to or lower than for persons aged 65 and older. The article discusses proposals for longevity insurance benefits as part of Social Security in the United States and Canada.TOPICS: Social security, developed markets, legal/regulatory/public policy