Book

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

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collection.link.129
https://openknowledge.worldbank.org/handle/10986/5993
collection.name.129
Stand alone books
dc.contributor.author
Holzmann, Robert
dc.contributor.author
Palmer, Edward
dc.contributor.author
Palacios, Robert
dc.contributor.author
Sacchi, Stefano
dc.date.accessioned
2019-09-24T18:34:23Z
dc.date.available
2019-09-24T18:34:23Z
dc.date.issued
2020
dc.date.lastModified
2020-10-28T10:03:57Z
dc.description.abstract
This 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.identifier
http://documents.worldbank.org/curated/en/678691571409573512/Addressing-Marginalization-Polarization-and-the-Labor-Market
dc.identifier.isbn
978-1-4648-1453-2
dc.identifier.uri
http://hdl.handle.net/10986/32438
dc.language
English
dc.publisher
Washington, DC: World Bank
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 SCHEME
dc.subject
PENSION SYSTEM
dc.subject
POPULATION AGING
dc.subject
COMMUNICATION OF PENSION SCHEME DESIGNS
dc.subject
RIGHTS
dc.subject
PROCEDURES
dc.subject
AND REFORMS
dc.subject
DEFINED CONTRIBUTION
dc.subject
NDC AND FDC PENSIONS
dc.subject
PERIORD AND CHORT LIFE EXPECTANCY PROJECTIONS
dc.subject
JOINT ANNUITIES
dc.subject
NOTIONAL FUNDED PENSIONS
dc.subject
HETEROGENEITY IN LIFE EXPECTANCY
dc.subject
TAXATION OF PENSIONS
dc.subject
LABOR MARKET AND PENSIONS
dc.subject
GENDER PENSION GAP
dc.subject
CROSS-BORDER PENSION BENEFIT PORTABILITY
dc.title
Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes
en
dc.title.subtitle
Volume 1. Addressing Marginalization, Polarization, and the Labor Market
en
dc.type
Book
en
okr.crossref.title
Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes: Volume 1. Addressing Marginalization, Polarization, and the Labor Market
okr.date.disclosure
2019-10-17
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1453-2
okr.identifier.internaldocumentum
211453
okr.identifier.report
142712
okr.imported
true
en
okr.language.supported
en
okr.topic
Public Sector Development :: Public Sector Administrative and Civil Service Reform
okr.topic
Social Protections and Labor :: Pensions & Retirement Systems
okr.topic
Social Protections and Labor :: Social Funds and Pensions
okr.unit
GSJD1

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