Publication:
Asian Provident Funds: Meeting Tomorrow’s Challenges

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dc.contributor.authorJackson, Richard
dc.contributor.authorInglis, Evan
dc.date.accessioned2021-03-10T17:12:59Z
dc.date.available2021-03-10T17:12:59Z
dc.date.issued2021
dc.description.abstractAcross the emerging world, policymakers are grappling with how to build retirement systems that meet the needs of their rapidly developing and rapidly aging societies. Nowhere is the challenge more urgent than in Asia, which is both developing and aging more rapidly than anywhere else on earth. Provident funds, which are fully funded, government-managed, defined contribution systems, have long been the dominant form of retirement provision in much of Asia. The purpose of this report is to assess the strengths and weaknesses of the provident fund model, evaluate the performance of three of Asia’s four largest provident funds, and identify steps that they and other provident funds can take to improve retirement security. The funds covered in the report are India’s Employees’ Provident Fund (EPF), Indonesia’s Jaminan Hari Tua (JHT), and Malaysia’s Employees Provident Fund (EPF). The report identifies two key features of the provident fund model that may make it an attractive choice for both governments and workers in emerging markets.en
dc.identifierhttp://documents.worldbank.org/curated/en/136271614076072521/Asian-Provident-Funds-Meeting-Tomorrow-s-Challenges
dc.identifier.doi10.1596/35236
dc.identifier.urihttps://hdl.handle.net/10986/35236
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesEquitable Growth, Finance and Institutions Insight;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPENSION FUND
dc.subjectPROVIDENT FUND
dc.subjectDEFINED BENEFIT PENSION PLAN
dc.subjectDEFINED CONTRIBUTION PROVIDENT FUND
dc.subjectRETIREMENT SECURITY
dc.subjectPENSION FUND GOVERNANCE
dc.titleAsian Provident Fundsen
dc.title.subtitleMeeting Tomorrow’s Challengesen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleAsian Provident Funds
okr.date.disclosure2021-02-23
okr.date.doiregistration2025-05-07T11:15:37.607467Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.docurlhttp://documents.worldbank.org/curated/en/136271614076072521/Asian-Provident-Funds-Meeting-Tomorrow-s-Challenges
okr.guid136271614076072521
okr.identifier.externaldocumentum090224b088309671_1_0
okr.identifier.internaldocumentum32854274
okr.identifier.report156921
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/136271614076072521/pdf/Asian-Provident-Funds-Meeting-Tomorrow-s-Challenges.pdfen
okr.region.administrativeSouth Asia
okr.region.countryIndia
okr.region.countryIndonesia
okr.region.countryMalaysia
okr.topicFinance and Financial Sector Development::Mutual Funds
okr.topicSocial Protections and Labor::Pensions & Retirement Systems
okr.unitEFI-FCI-Long-Term Finance (EFNLT)
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