In classical pension design, there are essentially two kinds of pension schemes: Defined Benefit (DB) and Defined … applied to social security pension systems, this traditional view can in both cases lead to unfair intergenerational … of the retirement age, the contribution rate, the replacement rate, and the indexation rate. …

This article reviews the literature on the optimal design and regulation of funded pension schemes. We first … literature on intergenerational risk sharing, which suggests that a long-lived entity such as a pension fund or the government …

The aim of this paper is to analyse the role of the survivor dividend in notional defined contribution (NDC) pension … between the individual's internal rate of return for contributors who reach retirement age and the system's internal rate of … including the dividend is a non-transparent way of compensating for increases in longevity and/or legacy costs from old pension …