Publication:
Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes: Volume 1. Addressing Marginalization, Polarization, and the Labor Market

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dc.contributor.authorPalacios, Robert
dc.contributor.authorHolzmann, Robert
dc.contributor.authorPalmer, Edward
dc.contributor.authorSacchi, Stefano
dc.date.accessioned2019-09-24T18:34:23Z
dc.date.available2019-09-24T18:34:23Z
dc.date.issued2020
dc.description.abstractThis is the third publication to analyze progress, challenges, and adjustment options of this reform revolution for mandated public pension schemes. The individual account-based but unfunded approach that promises fair and financially sustainable benefits is a reform benchmark for all pension schemes. Nonfinancial defined contribution (NDC) schemes originated in the 1990s independently in Italy and Sweden, were then adopted by Latvia, Poland, and Norway, envisaged but not implemented in various other countries (such as Egypt and Russia), and remain under discussion in many countries across the world (such as China and France). In its complete form, the approach also comprises budget-financed basic income provisions and mandated or voluntary funded provisions. Volume 1 offers an assessment of early reform countries before addressing key aspects of policy implementation and design review, including: how to best combine basic income provisions with NDC; how to deal with heterogeneity in longevity; and how to adjust NDC design and labor market policies to deliver on reform expectations. Volume 2 addresses a second set of important issues, including: the gender pension gap and what family policies can do within the NDC frame; the administrative challenges of NDCs and how countries are coping; the role of communication in NDCs; and the complexity of cross-border pension taxation, and much more.en
dc.identifierhttp://documents.worldbank.org/curated/en/678691571409573512/Addressing-Marginalization-Polarization-and-the-Labor-Market
dc.identifier.doi10.1596/978-1-4648-1453-2
dc.identifier.isbn978-1-4648-1453-2
dc.identifier.urihttps://hdl.handle.net/10986/32438
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPENSION SCHEME
dc.subjectPENSION SYSTEM
dc.subjectPOPULATION AGING
dc.subjectCOMMUNICATION OF PENSION SCHEME DESIGNS
dc.subjectRIGHTS
dc.subjectPROCEDURES
dc.subjectAND REFORMS
dc.subjectDEFINED CONTRIBUTION
dc.subjectNDC AND FDC PENSIONS
dc.subjectPERIORD AND CHORT LIFE EXPECTANCY PROJECTIONS
dc.subjectJOINT ANNUITIES
dc.subjectNOTIONAL FUNDED PENSIONS
dc.subjectHETEROGENEITY IN LIFE EXPECTANCY
dc.subjectTAXATION OF PENSIONS
dc.subjectLABOR MARKET AND PENSIONS
dc.subjectGENDER PENSION GAP
dc.subjectCROSS-BORDER PENSION BENEFIT PORTABILITY
dc.titleProgress and Challenges of Nonfinancial Defined Contribution Pension Schemesen
dc.title.subtitleVolume 1. Addressing Marginalization, Polarization, and the Labor Marketen
dc.typeBooken
dc.typeLivrefr
dc.typeLibroes
dspace.entity.typePublication
okr.crossref.titleProgress and Challenges of Nonfinancial Defined Contribution Pension Schemes: Volume 1. Addressing Marginalization, Polarization, and the Labor Market
okr.date.disclosure2019-10-17
okr.doctypePublications & Research
okr.doctypePublications & Research::Publication
okr.guid678691571409573512
okr.identifier.doi10.1596/978-1-4648-1453-2
okr.identifier.internaldocumentum211453
okr.identifier.report142712
okr.importedtrueen
okr.language.supporteden
okr.topicPublic Sector Development::Public Sector Administrative and Civil Service Reform
okr.topicSocial Protections and Labor::Pensions & Retirement Systems
okr.topicSocial Protections and Labor::Social Funds and Pensions
okr.unitGSJD1
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relation.isAuthorOfPublication.latestForDiscovery1863f07f-684b-58c2-bcd5-c4ad3e79cddd
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