The Swedish NDC Scheme : Success on Track with Room for Reflection

Sweden’s reform began with a published sketch in 1992 and developed into nonfinancial defined contribution (NDC) legislation in 1994. This paper discusses the underpinnings of the Swedish NDC scheme’s financial stability, factors influencing the ad...

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Main Authors:	Palmer, Edward, Könberg, Bo
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	PENSIONS PENSION REFORM NONFINANCIAL DEFINED CONTRIBUTIONS PENSION GUARANTEE
Online Access:	http://documents.worldbank.org/curated/en/109591556878067260/The-Swedish-NDC-Scheme-Success-on-Track-with-Room-for-Reflection http://hdl.handle.net/10986/31646

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recordtype	oai_dc
spelling	okr-10986-316462021-05-25T09:23:23Z The Swedish NDC Scheme : Success on Track with Room for Reflection Palmer, Edward Könberg, Bo PENSIONS PENSION REFORM NONFINANCIAL DEFINED CONTRIBUTIONS PENSION GUARANTEE Sweden’s reform began with a published sketch in 1992 and developed into nonfinancial defined contribution (NDC) legislation in 1994. This paper discusses the underpinnings of the Swedish NDC scheme’s financial stability, factors influencing the adequacy of benefits, and its interplay with other components of the pension system: the public financial defined contribution scheme, the minimum pension guarantee, and the occupational schemes. The paper also includes information on the December 2017 broad six-party political agreement on forthcoming legislation. It concludes with recommendations for additional improvements in the overall old-age pension system, based on the analysis of financial stability, adequacy, and differences in outcomes, and the interaction of the NDC scheme with the guarantee benefits and the occupational schemes. 2019-05-07T17:11:44Z 2019-05-07T17:11:44Z 2019-04 Working Paper http://documents.worldbank.org/curated/en/109591556878067260/The-Swedish-NDC-Scheme-Success-on-Track-with-Room-for-Reflection http://hdl.handle.net/10986/31646 English Social Protection and Jobs Discussion Paper,no. 1901; 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 Europe and Central Asia Sweden
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	PENSIONS PENSION REFORM NONFINANCIAL DEFINED CONTRIBUTIONS PENSION GUARANTEE
spellingShingle	PENSIONS PENSION REFORM NONFINANCIAL DEFINED CONTRIBUTIONS PENSION GUARANTEE Palmer, Edward Könberg, Bo The Swedish NDC Scheme : Success on Track with Room for Reflection
geographic_facet	Europe and Central Asia Sweden
relation	Social Protection and Jobs Discussion Paper,no. 1901;
description	Sweden’s reform began with a published sketch in 1992 and developed into nonfinancial defined contribution (NDC) legislation in 1994. This paper discusses the underpinnings of the Swedish NDC scheme’s financial stability, factors influencing the adequacy of benefits, and its interplay with other components of the pension system: the public financial defined contribution scheme, the minimum pension guarantee, and the occupational schemes. The paper also includes information on the December 2017 broad six-party political agreement on forthcoming legislation. It concludes with recommendations for additional improvements in the overall old-age pension system, based on the analysis of financial stability, adequacy, and differences in outcomes, and the interaction of the NDC scheme with the guarantee benefits and the occupational schemes.
format	Working Paper
author	Palmer, Edward Könberg, Bo
author_facet	Palmer, Edward Könberg, Bo
author_sort	Palmer, Edward
title	The Swedish NDC Scheme : Success on Track with Room for Reflection
title_short	The Swedish NDC Scheme : Success on Track with Room for Reflection
title_full	The Swedish NDC Scheme : Success on Track with Room for Reflection
title_fullStr	The Swedish NDC Scheme : Success on Track with Room for Reflection
title_full_unstemmed	The Swedish NDC Scheme : Success on Track with Room for Reflection
title_sort	swedish ndc scheme : success on track with room for reflection
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/109591556878067260/The-Swedish-NDC-Scheme-Success-on-Track-with-Room-for-Reflection http://hdl.handle.net/10986/31646
_version_	1764474787823878144

The Swedish NDC Scheme : Success on Track with Room for Reflection

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