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Government and Private Benefit Plans In China
China's economic growth and the pace of its reforms continue to capture the imagination of business people around the world. As it moves from a centrally controlled to a socialist market economy, multinationals are faced with a bewildering array of rules and regulations when managing their employees, with the burden of benefits progressively shifting from the state to the employer.
Newsbriefs
Watson Wyatt expands in the Netherlands
Watson Wyatt is pleased to announce the expansion of its operations in the Netherlands through the merger of our office there with Brans & Co, the leading Dutch actuarial consulting firm, to create Watson Wyatt Brans & Co. The merger is expected to come into effect on 1 July 1999. The combined operations will have offices in Amstelveen, Eindhoven and Rotterdam, as well as our current Hoofddorp base.
Watson Wyatt Study - 'An Introduction to Defined Contribution Pension Plans in Europe'
In continental Europe, generous levels of state provision have traditionally constrained the development of funded occupational pensions. All this is changing. With very significant increases in dependency ratios being predicted for most European countries in the first half century of the new millennium, governments are being confronted with the need to find new solutions for what could be hugely higher overall welfare and pensions costs if not tackled as a matter of urgency.
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