Publication: Collection : Transferring Contributions to Individual Pension Accounts
Date
2000-01
ISSN
Published
2000-01
Author(s)
World Bank
Abstract
Collecting contributions is more
complicated in a decentralized pension system, based on
individual accounts, than in a public system. Many public
plans provide a defined benefit pension based on only a few
years' earnings, which limits the need for keeping
records of people's earnings and contributions in every
year of their working life. And there is usually a choice of
pension fund manager with individual accounts. Collection,
record-keeping and transferring contributions to individual
accounts has often proved problematic. Some reforms have
been delayed or abandoned because of collection problems.
Using a series of case studies of Latin American and
European countries, this briefing highlights policy choices
in operating individual accounts systems.
Citation
“World Bank. 2000. Collection : Transferring Contributions to Individual Pension Accounts. World Bank Pension Reform Primer Series. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/dd69e55e-6cbe-525c-8eec-5777975a31c4 License: CC BY 3.0 IGO.”