Publication:
Developing Coherent Pension Systems: Design Issues for Private Pension Supplements to NDC Schemes

dc.contributor.author Price, William
dc.date.accessioned 2019-05-07T15:30:36Z
dc.date.available 2019-05-07T15:30:36Z
dc.date.issued 2019-04
dc.description.abstract This paper reviews the design of private pensions alongside a notional defined contribution (NDC) – or public – component. A mix of public and private pensions is the bestway to deliver a strong combination of five core outcomes: coverage, adequacy,sustainability, efficiency, and security. Choices for market structure, benefit type,contributions, and investment strategy can be guided by their impact on these outcomes.The clarity of an NDC formula allows the joint distribution of public and private pensions tobe modeled which can be crucial for optimal investment strategies given, for example, thenegative correlation between real per capita gross domestic product growth and equity markets over long periods. NDC payout formulas have broad applications where annuity markets are weak. en
dc.identifier http://documents.worldbank.org/curated/en/148951556875885451/Developing-Coherent-Pension-Systems-Design-Issues-for-Private-Pension-Supplements-to-NDC-Schemes
dc.identifier.uri http://hdl.handle.net/10986/31644
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Social Protection and Jobs Discussion Paper,no. 1929;
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo
dc.subject PENSION REFORM
dc.subject PENSIONS
dc.subject RETIREMENT INCOME
dc.subject BOND MARKET
dc.subject EQUITY MARKET
dc.subject NOTIONALLY DEFINED CONTRIBUTION
dc.subject PUBLIC PENSIONS
dc.subject ANNUITY MARKET
dc.title Developing Coherent Pension Systems en
dc.title.subtitle Design Issues for Private Pension Supplements to NDC Schemes en
dc.type Working Paper en
dc.type Document de travail fr
dc.type Documento de trabajo es
dspace.entity.type Publication
okr.crossref.title Developing Coherent Pension Systems
okr.date.disclosure 2019-05-03
okr.doctype Publications & Research
okr.doctype Publications & Research :: Working Paper
okr.docurl http://documents.worldbank.org/curated/en/148951556875885451/Developing-Coherent-Pension-Systems-Design-Issues-for-Private-Pension-Supplements-to-NDC-Schemes
okr.identifier.doi 10.1596/31644
okr.identifier.externaldocumentum 090224b086c38262_1_0
okr.identifier.internaldocumentum 31029426
okr.identifier.report 136538
okr.imported true en
okr.language.supported en
okr.pdfurl http://documents.worldbank.org/curated/en/148951556875885451/pdf/Developing-Coherent-Pension-Systems-Design-Issues-for-Private-Pension-Supplements-to-NDC-Schemes.pdf en
okr.topic Social Protections and Labor :: Pensions & Retirement Systems
okr.unit Social Protection & Labor Global (GSPGL)
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