Pensions in a Globalizing World : How Do (N)DC and (N)DB Schemes Fare and Compare on Portability and Taxation?

Pensions in a Globalizing World : How Do (N)DC and (N)DB Schemes Fare and Compare on Portability and Taxation?

Pensions and broader forms of retirement income do not stop at national borders. As part of globalization, individuals increasingly spend part of their working or retirement life abroad but want to keep or move their acquired rights, accumulated re...

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Bibliographic Details
Main Authors: Genser, Bernd, Holzmann, Robert
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
PENSION BENEFITS
BENEFIT PORTABILITY
CROSS-BORDER PENSIONS
TAXATION
RETIREMENT ASSETS
DEFINED BENEFIT
DEFINED CONTRIBUTION
Online Access:http://documents.worldbank.org/curated/en/567371556882321266/Pensions-in-a-Globalizing-World-How-Do-N-DC-and-N-DB-Schemes-Fare-and-Compare-on-Portability-and-Taxation
http://hdl.handle.net/10986/31639
id okr-10986-31639
recordtype oai_dc
spelling okr-10986-316392021-05-25T09:23:34Z Pensions in a Globalizing World : How Do (N)DC and (N)DB Schemes Fare and Compare on Portability and Taxation? Genser, Bernd Holzmann, Robert PENSION BENEFITS BENEFIT PORTABILITY CROSS-BORDER PENSIONS TAXATION RETIREMENT ASSETS DEFINED BENEFIT DEFINED CONTRIBUTION Pensions and broader forms of retirement income do not stop at national borders. As part of globalization, individuals increasingly spend part of their working or retirement life abroad but want to keep or move their acquired rights, accumulated retirement assets, or benefits in payment freely across borders. This raises the issue of the portability and taxation of cross-border pensions in accumulation and disbursement. This paper addresses both portability and taxation issues from the angle of which type of pension scheme defined benefits (DB) or defined contributions (DC) is more aligned with globalization in establishing individual fairness, fiscal fairness, and bureaucratic efficiency. The paper shows that DC schemes tend to dominate DB schemes both at the level of portability and taxation. 2019-05-06T21:49:00Z 2019-05-06T21:49:00Z 2019-04 Working Paper http://documents.worldbank.org/curated/en/567371556882321266/Pensions-in-a-Globalizing-World-How-Do-N-DC-and-N-DB-Schemes-Fare-and-Compare-on-Portability-and-Taxation http://hdl.handle.net/10986/31639 English Social Protection and Jobs Discussion Paper,no. 1928; 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 PENSION BENEFITS
BENEFIT PORTABILITY
CROSS-BORDER PENSIONS
TAXATION
RETIREMENT ASSETS
DEFINED BENEFIT
DEFINED CONTRIBUTION
spellingShingle PENSION BENEFITS
BENEFIT PORTABILITY
CROSS-BORDER PENSIONS
TAXATION
RETIREMENT ASSETS
DEFINED BENEFIT
DEFINED CONTRIBUTION
Genser, Bernd
Holzmann, Robert
Pensions in a Globalizing World : How Do (N)DC and (N)DB Schemes Fare and Compare on Portability and Taxation?
relation Social Protection and Jobs Discussion Paper,no. 1928;
description Pensions and broader forms of retirement income do not stop at national borders. As part of globalization, individuals increasingly spend part of their working or retirement life abroad but want to keep or move their acquired rights, accumulated retirement assets, or benefits in payment freely across borders. This raises the issue of the portability and taxation of cross-border pensions in accumulation and disbursement. This paper addresses both portability and taxation issues from the angle of which type of pension scheme defined benefits (DB) or defined contributions (DC) is more aligned with globalization in establishing individual fairness, fiscal fairness, and bureaucratic efficiency. The paper shows that DC schemes tend to dominate DB schemes both at the level of portability and taxation.
format Working Paper
author Genser, Bernd
Holzmann, Robert
author_facet Genser, Bernd
Holzmann, Robert
author_sort Genser, Bernd
title Pensions in a Globalizing World : How Do (N)DC and (N)DB Schemes Fare and Compare on Portability and Taxation?
title_short Pensions in a Globalizing World : How Do (N)DC and (N)DB Schemes Fare and Compare on Portability and Taxation?
title_full Pensions in a Globalizing World : How Do (N)DC and (N)DB Schemes Fare and Compare on Portability and Taxation?
title_fullStr Pensions in a Globalizing World : How Do (N)DC and (N)DB Schemes Fare and Compare on Portability and Taxation?
title_full_unstemmed Pensions in a Globalizing World : How Do (N)DC and (N)DB Schemes Fare and Compare on Portability and Taxation?
title_sort pensions in a globalizing world : how do (n)dc and (n)db schemes fare and compare on portability and taxation?
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/567371556882321266/Pensions-in-a-Globalizing-World-How-Do-N-DC-and-N-DB-Schemes-Fare-and-Compare-on-Portability-and-Taxation
http://hdl.handle.net/10986/31639
_version_ 1764474780552003584

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