Pension Reform : Issues and Prospects for Non-Financial Defined Contribution Schemes
The previous decade has been one of pension reform throughout the world. In high income countries, the driving force has been the threat that current systems will become unaffordable in coming decades, with demographic developments presenting a maj...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/01/6625523/pension-reform-issues-prospects-non-financial-defined-contribution-ndc-schemes http://hdl.handle.net/10986/6983 |
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okr-10986-69832021-04-23T14:02:27Z Pension Reform : Issues and Prospects for Non-Financial Defined Contribution Schemes Holzmann, Robert Palmer, Edward ACTUARIAL NEUTRALITY AGE GROUP AGE GROUPS AVERAGE WAGE BALANCE SHEET COMMUNITIES COMPONENTS CONTRIBUTION BASE CONTRIBUTION RATE CONTRIBUTION RATES COPYING DEFINED CONTRIBUTION SYSTEMS DEPENDENCY RATIO DRIVERS E-MAIL ECONOMIC NEEDS ECONOMIC REFORM EMPLOYMENT RATE FEMALE LABOR FEMALE LABOR FORCE FUNDED PENSIONS FUNDED SCHEMES INFORMAL ECONOMY INNOVATIONS LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MOBILITY LABOR ORGANIZATION LABOR SUPPLY LIFE EXPECTANCY LIFELONG LEARNING MARKET DEVELOPMENT MARKET ECONOMIES MARKET ECONOMY OCCUPATION OCCUPATIONS OLD-AGE PENSION SYSTEM OLD-AGE PENSIONS PAY-AS-YOU-GO PENSION SYSTEMS PENSION PENSION AGENCY PENSION PLANS PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS PRIVATE SECTOR PUBLIC EXPENDITURE PUBLIC SCHEMES PUBLIC SYSTEM REPLACEMENT RATE REPLACEMENT RATES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT INCOME RETURN ON CAPITAL SAVINGS SOCIAL INSURANCE SOCIAL INSURANCE AGENCY SOCIAL INSURANCE FUND SOCIAL PENSIONS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY SYSTEMS STATE BUDGET TOTAL EMPLOYMENT WAGE BILL WORKERS WORKING CONDITIONS The previous decade has been one of pension reform throughout the world. In high income countries, the driving force has been the threat that current systems will become unaffordable in coming decades, with demographic developments presenting a major risk. In another setting, countries in the process of transition from a command, to a market economy are confronted with the challenge of introducing a public pension system that will provide social security in old age, but that also supports the fundamentals of a market economy. In the latter sense, it is important to examine carefully the experiences of developed market economies. Even in these countries, the driving force behind reform is demographic change and affordability. In a third setting, middle and lower-middle income countries are faced with the question of what system will best serve the interests of their specific country goals for the future. In all of these settings "NDC"-non-financial defined contribution-pension schemes have been on the agenda in discussions of possible options. Sweden is one of the few countries to have implemented an NDC scheme in the 1990s, when NDC came into its own as a concept, implemented in four European Union (EU) countries (Italy, Latvia, and Poland are the other three). NDC has become a reform option considered by many countries, understandably since most of Europe has a pay-as-you-go tradition, and NDC constitutes a new way to "organize" a mandatory, universal pay-as-you-go pension system. With some experience of NDC schemes implemented, it is felt particularly relevant for Sweden to host a conference devoted to discussing both the conceptual and institutional aspects of NDC. The goal was even more ambitious, however: to contribute to creating a synthesis of current knowledge on this new topic. This book is the realization of that goal. It comprises discussion papers on the status of NDC, its concept and the reform strategies that follow. Papers also discuss the conceptual issues of design and implementation , lessons from countries with NDC contribution schemes, and finalizes on the potential of NDC contribution schemes in other countries' reforms. 2012-06-04T15:30:05Z 2012-06-04T15:30:05Z 2006 http://documents.worldbank.org/curated/en/2006/01/6625523/pension-reform-issues-prospects-non-financial-defined-contribution-ndc-schemes 978-0-8213-6038-5 http://hdl.handle.net/10986/6983 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia Europe |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACTUARIAL NEUTRALITY AGE GROUP AGE GROUPS AVERAGE WAGE BALANCE SHEET COMMUNITIES COMPONENTS CONTRIBUTION BASE CONTRIBUTION RATE CONTRIBUTION RATES COPYING DEFINED CONTRIBUTION SYSTEMS DEPENDENCY RATIO DRIVERS ECONOMIC NEEDS ECONOMIC REFORM EMPLOYMENT RATE FEMALE LABOR FEMALE LABOR FORCE FUNDED PENSIONS FUNDED SCHEMES INFORMAL ECONOMY INNOVATIONS LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MOBILITY LABOR ORGANIZATION LABOR SUPPLY LIFE EXPECTANCY LIFELONG LEARNING MARKET DEVELOPMENT MARKET ECONOMIES MARKET ECONOMY OCCUPATION OCCUPATIONS OLD-AGE PENSION SYSTEM OLD-AGE PENSIONS PAY-AS-YOU-GO PENSION SYSTEMS PENSION PENSION AGENCY PENSION PLANS PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS PRIVATE SECTOR PUBLIC EXPENDITURE PUBLIC SCHEMES PUBLIC SYSTEM REPLACEMENT RATE REPLACEMENT RATES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT INCOME RETURN ON CAPITAL SAVINGS SOCIAL INSURANCE SOCIAL INSURANCE AGENCY SOCIAL INSURANCE FUND SOCIAL PENSIONS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY SYSTEMS STATE BUDGET TOTAL EMPLOYMENT WAGE BILL WORKERS WORKING CONDITIONS |
| spellingShingle |
ACTUARIAL NEUTRALITY AGE GROUP AGE GROUPS AVERAGE WAGE BALANCE SHEET COMMUNITIES COMPONENTS CONTRIBUTION BASE CONTRIBUTION RATE CONTRIBUTION RATES COPYING DEFINED CONTRIBUTION SYSTEMS DEPENDENCY RATIO DRIVERS ECONOMIC NEEDS ECONOMIC REFORM EMPLOYMENT RATE FEMALE LABOR FEMALE LABOR FORCE FUNDED PENSIONS FUNDED SCHEMES INFORMAL ECONOMY INNOVATIONS LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MOBILITY LABOR ORGANIZATION LABOR SUPPLY LIFE EXPECTANCY LIFELONG LEARNING MARKET DEVELOPMENT MARKET ECONOMIES MARKET ECONOMY OCCUPATION OCCUPATIONS OLD-AGE PENSION SYSTEM OLD-AGE PENSIONS PAY-AS-YOU-GO PENSION SYSTEMS PENSION PENSION AGENCY PENSION PLANS PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS PRIVATE SECTOR PUBLIC EXPENDITURE PUBLIC SCHEMES PUBLIC SYSTEM REPLACEMENT RATE REPLACEMENT RATES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT INCOME RETURN ON CAPITAL SAVINGS SOCIAL INSURANCE SOCIAL INSURANCE AGENCY SOCIAL INSURANCE FUND SOCIAL PENSIONS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY SYSTEMS STATE BUDGET TOTAL EMPLOYMENT WAGE BILL WORKERS WORKING CONDITIONS Holzmann, Robert Palmer, Edward Pension Reform : Issues and Prospects for Non-Financial Defined Contribution Schemes |
| geographic_facet |
Europe and Central Asia Europe |
| description |
The previous decade has been one of
pension reform throughout the world. In high income
countries, the driving force has been the threat that
current systems will become unaffordable in coming decades,
with demographic developments presenting a major risk. In
another setting, countries in the process of transition from
a command, to a market economy are confronted with the
challenge of introducing a public pension system that will
provide social security in old age, but that also supports
the fundamentals of a market economy. In the latter sense,
it is important to examine carefully the experiences of
developed market economies. Even in these countries, the
driving force behind reform is demographic change and
affordability. In a third setting, middle and lower-middle
income countries are faced with the question of what system
will best serve the interests of their specific country
goals for the future. In all of these settings
"NDC"-non-financial defined contribution-pension
schemes have been on the agenda in discussions of possible
options. Sweden is one of the few countries to have
implemented an NDC scheme in the 1990s, when NDC came into
its own as a concept, implemented in four European Union
(EU) countries (Italy, Latvia, and Poland are the other
three). NDC has become a reform option considered by many
countries, understandably since most of Europe has a
pay-as-you-go tradition, and NDC constitutes a new way to
"organize" a mandatory, universal pay-as-you-go
pension system. With some experience of NDC schemes
implemented, it is felt particularly relevant for Sweden to
host a conference devoted to discussing both the conceptual
and institutional aspects of NDC. The goal was even more
ambitious, however: to contribute to creating a synthesis of
current knowledge on this new topic. This book is the
realization of that goal. It comprises discussion papers on
the status of NDC, its concept and the reform strategies
that follow. Papers also discuss the conceptual issues of
design and implementation , lessons from countries with NDC
contribution schemes, and finalizes on the potential of NDC
contribution schemes in other countries' reforms. |
| format |
Publications & Research :: Publication |
| author |
Holzmann, Robert Palmer, Edward |
| author_facet |
Holzmann, Robert Palmer, Edward |
| author_sort |
Holzmann, Robert |
| title |
Pension Reform : Issues and Prospects for Non-Financial Defined Contribution Schemes |
| title_short |
Pension Reform : Issues and Prospects for Non-Financial Defined Contribution Schemes |
| title_full |
Pension Reform : Issues and Prospects for Non-Financial Defined Contribution Schemes |
| title_fullStr |
Pension Reform : Issues and Prospects for Non-Financial Defined Contribution Schemes |
| title_full_unstemmed |
Pension Reform : Issues and Prospects for Non-Financial Defined Contribution Schemes |
| title_sort |
pension reform : issues and prospects for non-financial defined contribution schemes |
| publisher |
Washington, DC: World Bank |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2006/01/6625523/pension-reform-issues-prospects-non-financial-defined-contribution-ndc-schemes http://hdl.handle.net/10986/6983 |
| _version_ |
1764398835196493824 |