Notional Accounts : Notional Defined Contribution Plans as a Pension Reform Strategy
Notional accounts are designed to mimic a defined contribution plan, where the pension depends on contributions and investment returns. (For this reason, they are sometimes called notional, defined-contribution schemes). Pension contributions are tracked in accounts which earn a rate of return. However, in notional accounts, the return that contributions earn is a notional one, set by the government, not the product of investment returns in the markets
Year of publication: |
2012
|
---|---|
Institutions: | World Bank |
Publisher: |
Washington, DC : World Bank |
Subject: | Rentenreform | Pension reform | Altersvorsorge | Retirement provision | Umlageverfahren | Pay-as-you-go | Gesetzliche Rentenversicherung | Public pension system | Kapitaldeckungsverfahren | Fully funded system | Rentenfinanzierung | Pension finance | Private Altersvorsorge | Private retirement provision |
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