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The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...
Persistent link: https://www.econbiz.de/10011334341
supplementary savings needed to cover it. The issue of pension system income adequacy is first discussed, and the forecasted and … defined and the size of the gap is analyzed. The amount of savings needed to cover the pension gap is then computed. How … changes in the values of particular parameters influence the amount of monthly savings needed to cover the individual pension …
Persistent link: https://www.econbiz.de/10011689455
The aim of this article is to evaluate the effectiveness of voluntary pension savings plans in Poland, based on the …
Persistent link: https://www.econbiz.de/10012104456
This study examined the profit-share pension model as a potential vehicle for generating capital accumulation and effecting a progressive redistribution of wealth. Taking the functions of the pension mechanism as the guiding principle, we attempted to incorporate a profit-share fund into a three...
Persistent link: https://www.econbiz.de/10012954334
UK companies have been making large contributions to reduce the deficits of their pension funds, and are believed to fund such contributions in part by reducing dividends. Using data from 2003-16, we find little evidence that large deficit-reduction contributions are associated with reductions...
Persistent link: https://www.econbiz.de/10012900639
In this paper we consider three types of embedded options in pension benefit design.The first is the Florida second election (FSE) option, which has been offered to public employees in the state of Florida since 2002. The state runs both defined contribution (DC) and defined benefit (DB) pension...
Persistent link: https://www.econbiz.de/10012941299
This paper examines the allocation of market risk in a general class of collective pension arrangements: Collective Defined Contribution (CDC) schemes. In a CDC scheme participants collectively share funding risk through benefit level adjustments. There is a concern that, if not well designed,...
Persistent link: https://www.econbiz.de/10012872103
Written as a contribution to the Long Finance Meta-Commerce programme, this paper examines the way that discount rates are used for the evaluation and management of pension schemes.The authors describe the role and function of a discount rate, and critique the methods presently in use for...
Persistent link: https://www.econbiz.de/10013221387
Poland's new Employee Capital Plans (PPK) scheme, which is mandatory for employers, started to be implemented in July 2019. The article looks at the systemic solutions applied in the programme from the perspective of the concept of the simultaneous reconstruction of the retirement pension...
Persistent link: https://www.econbiz.de/10012230903
Private pension plans have been growing in importance in recent years as pension reforms all over the world have reduced public pension entitlements. The aim of the research study was to analyze the payments from private pension schemes in OECD countries. On the basis of studies it was found...
Persistent link: https://www.econbiz.de/10011689466