Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes : Volume 1. Addressing Marginalization, Polarization, and the Labor Market
This is the third publication to analyze progress, challenges, and adjustment options of this reform revolution for mandated public pension schemes. The individual account-based but unfunded approach that promises fair and financially sustainable benefits is a reform benchmark for all pension sche...
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| Language: | English |
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Washington, DC: World Bank
2019
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| Online Access: | http://documents.worldbank.org/curated/en/678691571409573512/Addressing-Marginalization-Polarization-and-the-Labor-Market http://hdl.handle.net/10986/32438 |
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okr-10986-324382021-04-23T14:05:14Z Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes : Volume 1. Addressing Marginalization, Polarization, and the Labor Market Holzmann, Robert Palmer, Edward Palacios, Robert Sacchi, Stefano PENSION SCHEME PENSION SYSTEM POPULATION AGING COMMUNICATION OF PENSION SCHEME DESIGNS RIGHTS PROCEDURES AND REFORMS DEFINED CONTRIBUTION NDC AND FDC PENSIONS PERIORD AND CHORT LIFE EXPECTANCY PROJECTIONS JOINT ANNUITIES NOTIONAL FUNDED PENSIONS HETEROGENEITY IN LIFE EXPECTANCY TAXATION OF PENSIONS LABOR MARKET AND PENSIONS GENDER PENSION GAP CROSS-BORDER PENSION BENEFIT PORTABILITY This is the third publication to analyze progress, challenges, and adjustment options of this reform revolution for mandated public pension schemes. The individual account-based but unfunded approach that promises fair and financially sustainable benefits is a reform benchmark for all pension schemes. Nonfinancial defined contribution (NDC) schemes originated in the 1990s independently in Italy and Sweden, were then adopted by Latvia, Poland, and Norway, envisaged but not implemented in various other countries (such as Egypt and Russia), and remain under discussion in many countries across the world (such as China and France). In its complete form, the approach also comprises budget-financed basic income provisions and mandated or voluntary funded provisions. Volume 1 offers an assessment of early reform countries before addressing key aspects of policy implementation and design review, including: how to best combine basic income provisions with NDC; how to deal with heterogeneity in longevity; and how to adjust NDC design and labor market policies to deliver on reform expectations. Volume 2 addresses a second set of important issues, including: the gender pension gap and what family policies can do within the NDC frame; the administrative challenges of NDCs and how countries are coping; the role of communication in NDCs; and the complexity of cross-border pension taxation, and much more. 2019-09-24T18:34:23Z 2019-09-24T18:34:23Z 2020 Book http://documents.worldbank.org/curated/en/678691571409573512/Addressing-Marginalization-Polarization-and-the-Labor-Market 978-1-4648-1453-2 http://hdl.handle.net/10986/32438 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
PENSION SCHEME PENSION SYSTEM POPULATION AGING COMMUNICATION OF PENSION SCHEME DESIGNS RIGHTS PROCEDURES AND REFORMS DEFINED CONTRIBUTION NDC AND FDC PENSIONS PERIORD AND CHORT LIFE EXPECTANCY PROJECTIONS JOINT ANNUITIES NOTIONAL FUNDED PENSIONS HETEROGENEITY IN LIFE EXPECTANCY TAXATION OF PENSIONS LABOR MARKET AND PENSIONS GENDER PENSION GAP CROSS-BORDER PENSION BENEFIT PORTABILITY |
| spellingShingle |
PENSION SCHEME PENSION SYSTEM POPULATION AGING COMMUNICATION OF PENSION SCHEME DESIGNS RIGHTS PROCEDURES AND REFORMS DEFINED CONTRIBUTION NDC AND FDC PENSIONS PERIORD AND CHORT LIFE EXPECTANCY PROJECTIONS JOINT ANNUITIES NOTIONAL FUNDED PENSIONS HETEROGENEITY IN LIFE EXPECTANCY TAXATION OF PENSIONS LABOR MARKET AND PENSIONS GENDER PENSION GAP CROSS-BORDER PENSION BENEFIT PORTABILITY Holzmann, Robert Palmer, Edward Palacios, Robert Sacchi, Stefano Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes : Volume 1. Addressing Marginalization, Polarization, and the Labor Market |
| description |
This is the third publication to analyze progress, challenges, and adjustment options of this reform revolution for mandated public pension schemes. The individual account-based but
unfunded approach that promises fair and financially sustainable benefits is a reform
benchmark for all pension schemes. Nonfinancial defined contribution (NDC) schemes
originated in the 1990s independently in Italy and Sweden, were then adopted by Latvia,
Poland, and Norway, envisaged but not implemented in various other countries (such as Egypt
and Russia), and remain under discussion in many countries across the world (such as China
and France). In its complete form, the approach also comprises budget-financed basic income
provisions and mandated or voluntary funded provisions.
Volume 1 offers an assessment of early reform countries before addressing key aspects of
policy implementation and design review, including: how to best combine basic income
provisions with NDC; how to deal with heterogeneity in longevity; and how to adjust NDC
design and labor market policies to deliver on reform expectations. Volume 2 addresses a
second set of important issues, including: the gender pension gap and what family policies
can do within the NDC frame; the administrative challenges of NDCs and how countries are
coping; the role of communication in NDCs; and the complexity of cross-border pension
taxation, and much more. |
| format |
Book |
| author |
Holzmann, Robert Palmer, Edward Palacios, Robert Sacchi, Stefano |
| author_facet |
Holzmann, Robert Palmer, Edward Palacios, Robert Sacchi, Stefano |
| author_sort |
Holzmann, Robert |
| title |
Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes : Volume 1. Addressing Marginalization, Polarization, and the Labor Market |
| title_short |
Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes : Volume 1. Addressing Marginalization, Polarization, and the Labor Market |
| title_full |
Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes : Volume 1. Addressing Marginalization, Polarization, and the Labor Market |
| title_fullStr |
Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes : Volume 1. Addressing Marginalization, Polarization, and the Labor Market |
| title_full_unstemmed |
Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes : Volume 1. Addressing Marginalization, Polarization, and the Labor Market |
| title_sort |
progress and challenges of nonfinancial defined contribution pension schemes : volume 1. addressing marginalization, polarization, and the labor market |
| publisher |
Washington, DC: World Bank |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/678691571409573512/Addressing-Marginalization-Polarization-and-the-Labor-Market http://hdl.handle.net/10986/32438 |
| _version_ |
1764476551457406976 |