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Pension, to most people, implies a regular payment from a specific age-such as retirement-until death. Individual … retirement accounts are a vehicle for retirement savings but they do not become a pension in the conventional sense of the word … expectancy is normally uncertain. So people would have to spend accumulated wealth slowly after retirement to ensure an adequate …
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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....
Persistent link: https://www.econbiz.de/10012556339
The value of funded pensions can depend critically on the funds' investment performance. To try and protect people's savings, governments often regulate pension funds strictly, particularly when contributions are mandatory. For example, the new funded pension systems in Latin America and Eastern...
Persistent link: https://www.econbiz.de/10012556540
1990s transformed the landscape for retirement products in Sweden. First, banking and insurance were extensively …. It examines the performance of providers of retirement products, including the PPM, and reviews the increasing focus on …
Persistent link: https://www.econbiz.de/10010521011
This edition of the Pension Reform Primer examines the global trend in early retirement among rich and poorer countries …, the reasons for people retiring early, the burden of early retirement on the pension system, recent policy initiatives to … between early retirement and incentives in the pension system, a result confirmed by other international studies and by more …
Persistent link: https://www.econbiz.de/10012556539
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"This note adds to the existing literature by examining the enabling conditions for the creation of mandatory funded pension funds, and identifying additional factors that are important to consider in the early stages of the reform. The note stresses the importance of some factors that had...
Persistent link: https://www.econbiz.de/10011394184
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"The performance of the Hungarian second pillar since inception has been mixed. This is partly due to a less than satisfactory support for the 1997 pension reform, conservative fund portfolio distributions, the hybrid nature of the mandatory pension fund system, the segmented nature of the...
Persistent link: https://www.econbiz.de/10010522184