Please use this identifier to cite or link to this item:
https://oa.inapp.org/xmlui/handle/20.500.12916/454
Title: | The ABCs of NDCs |
Authors: | Holzmann, Robert |
Keywords: | Pensionamento Pensione |
Issue Date: | 31-Jul-2019 |
Citation: | Holzmann R. (2019), The ABCs of NDCs, Roma, INAPP, WP, n. 19 <http://oa.inapp.org/xmlui/handle/20.500.12916/454> |
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. |
URI: | http://oa.inapp.org/xmlui/handle/20.500.12916/454 |
Appears in Collections: | Rapporti tecnici |
Files in This Item:
File | Description | Size | Format | |
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Inapp_Holzmann_The ABCs_WP19_2019.pdf | Main document | 1,6 MB | Adobe PDF | ![]() View/Open |
Inapp_Holzmann_The ABCs_WP19_2019.png | Cover | 412,63 kB | image/png | ![]() View/Open |
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