the potential benefits of mixed systems in which a PAYG system with notional accounts is complemented by a funded pensions … not clearly depend on the relative importance of PAYG over funded pensions systems, suggesting that other factors are even …

Longevity insurance benefits are deferred annuities that start payment at an advanced age at which a substantial … proportion of the birth cohort has died. In high-income countries, that would mean that these annuities would start for people in … annuities would start was substantially younger. Originally, public pension programs in a number of countries were structured as …

For majority of people, pensions are the most important income replacement benefit, when the ability to work is reduced … income in retirement. Hence, the paper focuses on old-age pensions and highlights potential national and mobility linked …

solidarity (Chile). Several countries that privatized their pensions have introduced parametric reforms (Colombia, Costa Rica …

The literature has addressed the problem of pensions and has reached an almost unanimous conclusion that increased … not be the cause of the problem of pensions. The real challenge for the sustainability of pension systems lies in a series … converting them to a funded system seems to solve the problem of sustainability and adequacy of pensions due to the various …