The ABCs of NDCs

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dc.contributor.author Holzmann, Robert
dc.date.accessioned 2019-07-31T14:25:29Z
dc.date.available 2019-07-31T14:25:29Z
dc.date.issued 2019-07-31
dc.identifier.citation Holzmann R. (2019), The ABCs of NDCs, Roma, INAPP, WP, n. 19 <http://oa.inapp.org/xmlui/handle/123456789/454> en_US
dc.identifier.uri http://oa.inapp.org/xmlui/handle/123456789/454
dc.description.abstract Nonfinancial defined contribution (NDC) pension schemes have been successfully implemented since the mid-1990s in a number of European countries (Sweden. Italy, Latvia, Poland, and Norway). The NDC approach features the lifelong contribution–benefit link of a financial defined contribution scheme, but is based on the pay-as-you-go format. An NDC approach implemented by the rulebook can manage the economic and demographic risks inherent to a pension scheme and by design creates financial sustainability. This paper offers a nontechnical introduction to NDC schemes, their basic elements and advantages over nonfinancial defined benefit schemes, the key technical frontiers of the approach, and the experiences of countries with NDC schemes. en_US
dc.language.iso en en_US
dc.subject Pensionamento en_US
dc.subject Pensione en_US
dc.title The ABCs of NDCs en_US
dc.type Working Paper en_US


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