Antolin, Pablo; Payet, Stéphanie; Yermo, Juan - Directorate for Financial, Fiscal and Enterprises … - 2012
lifting retirement ages. In this context, funded pensions could play a major role to avoid adequacy gaps. Yet, as this paper … between individuals, especially in voluntary systems. Some countries have made funded pensions compulsory (e.g. Australia … pension benefits, funded private provision remains voluntary. The low level of funded pensions’ coverage in such countries …