This paper identifies and discusses four issues in creating annuities in (nonfinancial) defined contribution (NDC) schemes that are essential for systems’ financial stability and fair inter/intragenerational redistribution. ...

About one-half of Africa’s population will remain below age 30 well past 2050, with relatively few aged 60 and older. Using Tanzania’s projected demographics and present economic point of departure, this paper demonstrates ...

This paper defines a universal public pension scheme (UPPS) as a government-mandated lifecycle longevity insurance scheme that transfers individual consumption from the working years to retirement. It discusses the differences ...