World Bank2012-08-132012-08-132005-01https://hdl.handle.net/10986/11244Notional accounts are designed to mimic a defined contribution plan, where the pension depends on contributions and investment returns. (For this reason, they are sometimes called notional, defined-contribution schemes). Pension contributions are tracked in accounts which earn a rate of return. However, in notional accounts, the return that contributions earn is a notional one, set by the government, not the product of investment returns in the markets.CC BY 3.0 IGOACTUARIAL NEUTRALITYANNUITYANNUITY PROVIDERSANNUITY RATEANNUITY RATESBENEFIT FORMULACOMPONENTSCONTRIBUTION INCREASESCONTRIBUTION RATEDEBTDEFINED CONTRIBUTION PLANSE-MAILEARNINGS GROWTHEMPLOYMENTFINANCIAL STABILITYFISCAL POLICYFISCAL SUSTAINABILITYFORMAL SECTORFUNDED COMPONENTFUNDED PENSION SYSTEMSFUNDED PENSIONSFUNDED SCHEMESINFLATIONINTEREST RATESINTERNATIONAL MONETARY FUNDINVESTMENT RETURNSLEGISLATIONLIFE EXPECTANCIESLIFE EXPECTANCYLIFETIME EARNINGSMANDATORY SAVINGSNATIONAL INCOMENOTIONAL ACCOUNTNOTIONAL CAPITALPAY-AS-YOU-GO PENSION SYSTEMSPAY-AS-YOU-GO SYSTEMSPAYROLL TAXPENSIONPENSION DEBTPENSION FORMULAPENSION FUNDPENSION LIABILITIESPENSION PLANSPENSION REFORMPENSION REFORMSPENSION RIGHTSPENSION SYSTEMPENSIONSPOLITICAL PRESSURESPRODUCTIVITYPUBLIC SCHEMESPUBLIC SPENDINGREAL WAGEREAL WAGESREPLACEMENT RATEREPLACEMENT RATESRETIREMENTRETIREMENT AGERETIREMENT INCOMERETIREMENT OPTIONSSAFETY NETSSOCIAL ASSISTANCESOCIAL INSURANCESOCIAL PROTECTIONSOCIAL SECURITYTAX RATEWAGE GROWTHWAGESWorld Bank10.1596/11244