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This book presents classification schemes approved by OECD member country governments for pension plans and pension funds. In addition, it includes a glossary of terminology frequently used in discussions of pensions. This book is presented in both English (the first half of the book) and in...
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Providing appropriate financial security for retirement is an issue of crucial importance to OECD Member and non-member countries alike. The approaches adopted to implement the necessary reforms vary depending on each country’s economic, social and demographic environment. Increasingly,...
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Pensions refer to payment made to a person (or their dependants) after retirement. Pension systems vary across countries and no single model fits all. Generally, there is a mix of public and private pension provision. Public pensions are statutory, most often financed on a pay-as-you-go basis...
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Pension funds and annuity providers need to effectively manage the longevity risk they are exposed to. Individuals … their retirement income. To safeguard against this risk, pension funds and annuity providers must provision for future … improvements in mortality and life expectancy. The regulatory framework can support the effective management of longevity risk …
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