Collection : Transferring Contributions to Individual Pension Accounts

• Ngôn ngữ: eng
• Ký hiệu phân loại: 331.25 Other conditions of employment
• Thông tin xuất bản: Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 323891
• Chủ đề: 1. ADMINISTRATIVE COSTS; 2. ADMINISTRATIVE DISCRETION; 3. AUTHORITY; 4. BANKING SYSTEM; 5. CASH-FLOW

Tóm tắt

Collecting contributions is more complicated in a decentralized pension system, based on individual accounts, than in a public system. Many public plans provide a defined benefit pension based on only a few years' earnings, which limits the need for keeping records of people's earnings and contributions in every year of their working life. And there is usually a choice of pension fund manager with individual accounts. Collection, record-keeping and transferring contributions to individual accounts has often proved problematic. Some reforms have been delayed or abandoned because of collection problems. Using a series of case studies of Latin American and European countries, this briefing highlights policy choices in operating individual accounts systems.