Pensions in a Globalizing World

• Tác giả: Bernd Genser
• Ngôn ngữ: eng
• Ký hiệu phân loại: 351.5 Public administration
• Thông tin xuất bản: World Bank, Washington, DC, 2019
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 308747
• Chủ đề: 1. BENEFIT PORTABILITY; 2. CROSS-BORDER PENSIONS; 3. PENSION BENEFITS; 4. RETIREMENT ASSETS; 5. TAXATION

Tóm tắt

Pensions and broader forms of retirement income do not stop at national borders. As part of globalization, individuals increasingly spend part of their working or retirement life abroad but want to keep or move their acquired rights, accumulated retirement assets, or benefits in payment freely across borders. This raises the issue of the portability and taxation of cross-border pensions in accumulation and disbursement. This paper addresses both portability and taxation issues from the angle of which type of pension scheme defined benefits (DB) or defined contributions (DC) is more aligned with globalization in establishing individual fairness, fiscal fairness, and bureaucratic efficiency. The paper shows that DC schemes tend to dominate DB schemes both at the level of portability and taxation.