April 1999 - Among three options for constructing funded social security pillars, one system - individual accounts invested in the institutional market, with constrained choice among investment companies - appears to offer reduced administrative and marketing costs, significant worker choice,...

One of the biggest criticisms leveled at defined contribution individual account (IA) components of social security systems is that they are too expensive. This paper investigates the cost-effectiveness of three options for constructing funded social security pillars: 1) IA's invested in the...

This article examines and comments on the provisions in the Pension Act, which make it mandatory for every employer and employee to contribute towards a pension fund in Malawi. It discusses the provisions that govern the exemption of certain employees from the Pension Act. The article examines...