The ABCs of NDCs

The ABCs of NDCs

Nonfinancial defined contribution (NDC) pension schemes have been successfully implemented since the mid-1990s in a number of European countries. The NDC approach features the lifelong contribution–benefit link of a financial defined contribution s...

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Bibliographic Details
Main Author: Holzmann, Robert
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
NOTIONALLY DEFINED CONTRIBUTION
PENSIONS
PENSION REFORM
LABOR MARKET
DISABILITY INSURANCE
Online Access:http://documents.worldbank.org/curated/en/349741556880626886/The-ABCs-of-NDCs
http://hdl.handle.net/10986/31627
id okr-10986-31627
recordtype oai_dc
spelling okr-10986-316272021-05-25T09:23:32Z The ABCs of NDCs Holzmann, Robert NOTIONALLY DEFINED CONTRIBUTION PENSIONS PENSION REFORM LABOR MARKET DISABILITY INSURANCE Nonfinancial defined contribution (NDC) pension schemes have been successfully implemented since the mid-1990s in a number of European countries. The NDC approach features the lifelong contribution–benefit link of a financial defined contribution scheme, but is based on the pay-as-you-go format. An NDC approach implemented by the rulebook can manage the economic and demographic risks inherent to a pension scheme and by design creates financial sustainability. This paper offers a nontechnical introduction to NDC schemes, their basic elements and advantages over nonfinancial defined benefit schemes, the key technical frontiers of the approach, and the experiences of countries with NDC schemes. 2019-05-06T20:53:14Z 2019-05-06T20:53:14Z 2019-04 Working Paper http://documents.worldbank.org/curated/en/349741556880626886/The-ABCs-of-NDCs http://hdl.handle.net/10986/31627 English Social Protection and Jobs Discussion Paper,no. 1908; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic NOTIONALLY DEFINED CONTRIBUTION
PENSIONS
PENSION REFORM
LABOR MARKET
DISABILITY INSURANCE
spellingShingle NOTIONALLY DEFINED CONTRIBUTION
PENSIONS
PENSION REFORM
LABOR MARKET
DISABILITY INSURANCE
Holzmann, Robert
The ABCs of NDCs
relation Social Protection and Jobs Discussion Paper,no. 1908;
description Nonfinancial defined contribution (NDC) pension schemes have been successfully implemented since the mid-1990s in a number of European countries. The NDC approach features the lifelong contribution–benefit link of a financial defined contribution scheme, but is based on the pay-as-you-go format. An NDC approach implemented by the rulebook can manage the economic and demographic risks inherent to a pension scheme and by design creates financial sustainability. This paper offers a nontechnical introduction to NDC schemes, their basic elements and advantages over nonfinancial defined benefit schemes, the key technical frontiers of the approach, and the experiences of countries with NDC schemes.
format Working Paper
author Holzmann, Robert
author_facet Holzmann, Robert
author_sort Holzmann, Robert
title The ABCs of NDCs
title_short The ABCs of NDCs
title_full The ABCs of NDCs
title_fullStr The ABCs of NDCs
title_full_unstemmed The ABCs of NDCs
title_sort abcs of ndcs
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/349741556880626886/The-ABCs-of-NDCs
http://hdl.handle.net/10986/31627
_version_ 1764474761282322432

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