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

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dc.contributor.authorPrice, William
dc.date.accessioned2019-05-07T15:30:36Z
dc.date.available2019-05-07T15:30:36Z
dc.date.issued2019-04
dc.description.abstractThis 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.identifierhttp://documents.worldbank.org/curated/en/148951556875885451/Developing-Coherent-Pension-Systems-Design-Issues-for-Private-Pension-Supplements-to-NDC-Schemes
dc.identifier.doi10.1596/31644
dc.identifier.urihttps://hdl.handle.net/10986/31644
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesSocial Protection and Jobs Discussion Paper,no. 1929;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPENSION REFORM
dc.subjectPENSIONS
dc.subjectRETIREMENT INCOME
dc.subjectBOND MARKET
dc.subjectEQUITY MARKET
dc.subjectNOTIONALLY DEFINED CONTRIBUTION
dc.subjectPUBLIC PENSIONS
dc.subjectANNUITY MARKET
dc.titleDeveloping Coherent Pension Systemsen
dc.title.subtitleDesign Issues for Private Pension Supplements to NDC Schemesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleDeveloping Coherent Pension Systems
okr.date.disclosure2019-05-03
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/148951556875885451/Developing-Coherent-Pension-Systems-Design-Issues-for-Private-Pension-Supplements-to-NDC-Schemes
okr.guid148951556875885451
okr.identifier.doi10.1596/31644
okr.identifier.externaldocumentum090224b086c38262_1_0
okr.identifier.internaldocumentum31029426
okr.identifier.report136538
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/148951556875885451/pdf/Developing-Coherent-Pension-Systems-Design-Issues-for-Private-Pension-Supplements-to-NDC-Schemes.pdfen
okr.topicSocial Protections and Labor::Pensions & Retirement Systems
okr.unitSocial Protection & Labor Global (GSPGL)
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