Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for people to retire prematurely. To this end,...

The concept of nonfinancial (notional) defined contribution (NDC) was born in the early 1990s and implemented from the mid-1990s in a number of countries. This innovative unfunded individual account scheme emerged and created high hopes at a time when the world seemed to have been locked into a...

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...

Pensions and social insurance programs are an integral part of any social protection system. Their dual objectives are to prevent a sharp decline in income and protect against poverty resulting from old age, disability, or death. The critical role of pensions for protection, prevention, and...

This is the third publication to analyze progress, challenges, and adjustment options of this reform revolution for mandated public pension schemes. The individual account-based but unfunded approach that promises fair and financially sustainable benefits is a reform benchmark for all pension...

This is the third publication to analyze progress, challenges, and adjustment options of this . reform revolution for mandated public pension schemes. The individual account-based but unfunded approach that promises fair and financially sustainable benefits is a reform benchmark for all pension...

Front Cover -- Contents -- Preface -- Acknowledgments -- About the Authors -- Abbreviations -- Chapter 1. NDC: The Achievements and Challenges of Adulthood -- Part I Taking Stock -- Chapter 2. The Swedish NDC Scheme: Success on Track with Room for Reflection -- Chapter 3. The Latvian NDC Scheme:...

Front Cover -- Contents -- Preface -- Acknowledgments -- About the Authors -- Abbreviations -- Part VI. Family and Gender -- Chapter 17. Gender and Family: Conceptual Overview -- Chapter 18. Drivers of the Gender Gap in Pensions: Evidence from EU-SILC and the OECD Pension Models -- Chapter 19....