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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