Designing Mandatory Pension Schemes : Some Lessons from Argentina, Chile, Malaysia, and Singapore

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collection.link.196
https://openknowledge.worldbank.org/handle/10986/9427
collection.name.196
Viewpoint
dc.contributor.author
Vittas, Dimitri
dc.date.accessioned
2012-08-13T15:35:01Z
dc.date.available
2012-08-13T15:35:01Z
dc.date.issued
1996-02
dc.description.abstract
In most countries, participation in a public pension system involving some kind of redistribution is compulsory, while participation in private pension schemes is voluntary. There are growing fears in many countries that the value of public pensions will not be sustained. There are similar fears about company pensions. The credibility of company pensions depends on the integrity and solvency of large employers, which can no longer be taken for granted. These problems point to a need to refine compulsory saving. Drawing on the experiences of countries in Asia, Latin America, and elsewhere, this Note provides some guidance on answering the following questions: 1) Whom to compel? 2) Defined contribution or benefit? 3) How large should compulsory contributions be? 4) Who should manage the funds? 5) What types of regulation are appropriate? 6) What state guarantees for what system? 7) How to offer tax incentives?
en
dc.identifier
http://documents.worldbank.org/curated/en/1996/02/696755/designing-mandatory-pension-schemes-some-lessons-argentina-chile-malaysia-singapore
dc.identifier.citation
Viewpoint. -- Note no. 72 (February 1996)
dc.identifier.uri
http://hdl.handle.net/10986/11631
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Viewpoint
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
AGENTS
dc.subject
ANNUITIES
dc.subject
ANNUITY
dc.subject
CAPITAL MARKETS
dc.subject
CAPITALIZATION
dc.subject
COMMISSIONS
dc.subject
CONTRIBUTION RATE
dc.subject
COVERAGE
dc.subject
DEFINED BENEFIT SCHEMES
dc.subject
DEFINED CONTRIBUTION SYSTEMS
dc.subject
DISCRIMINATION
dc.subject
EMPLOYMENT
dc.subject
FIDUCIARY
dc.subject
FRAUD
dc.subject
HOUSING
dc.subject
INCOME
dc.subject
INDIVIDUAL ACCOUNTS
dc.subject
INFLATION
dc.subject
INSURANCE
dc.subject
INSURANCE COMPANIES
dc.subject
INTEGRITY
dc.subject
INVESTMENT GUIDELINES
dc.subject
INVESTMENT PERFORMANCE
dc.subject
INVESTMENT RETURN
dc.subject
INVESTMENT RETURNS
dc.subject
LIFE EXPECTANCY
dc.subject
LOW INFLATION
dc.subject
MANAGERS
dc.subject
MANDATORY RETIREMENT
dc.subject
MARKETING
dc.subject
MINIMUM PERIOD
dc.subject
MORAL HAZARD
dc.subject
NORMAL RETIREMENT AGE
dc.subject
OPERATING COSTS
dc.subject
PENALTIES
dc.subject
PENSION FUND
dc.subject
PENSION FUNDS
dc.subject
PENSION SCHEMES
dc.subject
PENSION SYSTEM
dc.subject
PENSIONS
dc.subject
PREMIUMS
dc.subject
PRIVATE PENSION
dc.subject
PRIVATE PILLAR
dc.subject
PRIVATE SECTOR
dc.subject
PROFITABILITY
dc.subject
PUBLIC PILLAR
dc.subject
RATES
dc.subject
REPLACEMENT RATE
dc.subject
RESERVES
dc.subject
RETIREMENT
dc.subject
RISK TAKING
dc.subject
SAFETY
dc.subject
SOCIAL ASSISTANCE
dc.subject
SOLVENCY
dc.subject
STATE GUARANTEES
dc.subject
TAX RATE
dc.subject
WAGE GROWTH
dc.subject
WORKERS PENSIONS
dc.subject
TAX INCENTIVES
dc.subject
PENSION FUNDS
dc.subject
INVESTMENT POLICY
dc.subject
TAX EXEMPTION
dc.subject
SOCIAL SECURITY
dc.subject
COMPANY PENSIONS
dc.subject
STATE GUARANTEES
dc.subject
COMPULSORY SAVING
dc.subject
PUBLIC PENSION SYSTEMS
dc.title
Designing Mandatory Pension Schemes : Some Lessons from Argentina, Chile, Malaysia, and Singapore
en
okr.doctype
Publications & Research :: Viewpoint
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/1996/02/696755/designing-mandatory-pension-schemes-some-lessons-argentina-chile-malaysia-singapore
okr.globalpractice
Social Protection and Labor
okr.globalpractice
Environment and Natural Resources
okr.globalpractice
Finance and Markets
okr.globalpractice
Health, Nutrition, and Population
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000009265_3980420172853
okr.identifier.internaldocumentum
696755
okr.identifier.report
16931
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1996/02/01/000009265_3980420172853/Rendered/PDF/multi_page.pdf
en
okr.region.administrative
Latin America & Caribbean
okr.region.administrative
East Asia and Pacific
okr.region.country
Singapore
okr.region.country
Malaysia
okr.region.country
Chile
okr.region.country
Argentina
okr.topic
Pensions and Retirement Systems
okr.topic
Insurance and Risk Mitigation
okr.topic
Health Monitoring and Evaluation
okr.topic
Banks and Banking Reform
okr.topic
Environmental Economics and Policies
okr.topic
Finance and Financial Sector Development
okr.topic
Social Protections and Labor
okr.topic
Health, Nutrition and Population
okr.topic
Environment
okr.unit
Financial Sctr Operations & Pol (OPD)
okr.volume
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