Notional Accounts : Notional Defined Contribution Plans as a Pension Reform Strategy

• Ngôn ngữ: eng
• Ký hiệu phân loại: 023.8 Management of in-service training
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 301002
• Chủ đề: 1. ACTUARIAL NEUTRALITY; 2. ANNUITY; 3. ANNUITY PROVIDERS; 4. ANNUITY RATE; 5. ANNUITY RATES

Tóm tắt

Notional 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.