Rethinking Public Pension Reform Initiatives /

This paper argues that there are significant risks, limitations, and complications associated with reliance upon mandatory DC, fully funded schemes as the dominant public pension pillar. Policies to limit risks may result in the government being reinjected into playing an important financial role in...

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Bibliografische gegevens
Hoofdauteur: Heller, Peter
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 1998.
Reeks:IMF Working Papers; Working Paper ; No. 1998/061
Online toegang:Full text available on IMF
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245 1 0 |a Rethinking Public Pension Reform Initiatives /  |c Peter Heller. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1998. 
300 |a 1 online resource (30 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper argues that there are significant risks, limitations, and complications associated with reliance upon mandatory DC, fully funded schemes as the dominant public pension pillar. Policies to limit risks may result in the government being reinjected into playing an important financial role in the provision of social insurance. For many countries, the principal source of old age support should thus derive from a well-formulated, public DB pillar, with a significant amount of prefunding. A DC/FF pillar can play a useful supplemental role in a multi-pillar system for the accumulation of pension savings. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 1998/061 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1998/061/001.1998.issue-061-en.xml  |z IMF e-Library