Publication: Notional Accounts : Notional Defined Contribution Plans as a Pension Reform Strategy
Date
2005-01
ISSN
Published
2005-01
Author(s)
World Bank
Abstract
Notional accounts are designed to mimic
a defined contribution plan, where the pension depends on
contributions and investment returns. (For this reason, they
are sometimes called notional, defined-contribution
schemes). Pension contributions are tracked in accounts
which earn a rate of return. However, in notional accounts,
the return that contributions earn is a notional one, set by
the government, not the product of investment returns in the markets.
Citation
“World Bank. 2005. Notional Accounts : Notional Defined Contribution Plans as a Pension Reform Strategy. World Bank Pension Reform Primer Series. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/546aaa2d-7461-5bd3-82b4-548cbabf5199 License: CC BY 3.0 IGO.”