the process of implementing, voluntary funded pension systems with automatic enrollment features. Since most of the … future retirement income for a significant part of the labor force. This note stresses that the paternalistic approach of … design of the system, including the industrial organization of the pension fund industry and default investment strategies …

affect the actuarial fairness and progressivity of many public pension systems, raising the question of possible policy … groups and their impacts on lifetime benefits, considers how these impacts depend on four different pay-as-you-go pension …

pensions with a case study of Costa Rica. The approach was used in a FIRST1 funded project in Costa Rica with the regulator and … supervisor of pensions SUPEN. The intention is to highlight an approach that may be useful in the region, and globally, to help … agencies responsible for private pensions to focus on the long run outcomes they are seeking to achieve, identify the risks to …

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 in four UPPS … DC accounts, the ball is in the individual's court. The transparent link between contributions and retirement income is …

After the financial crisis, some Central and Eastern Europe countries partially or totally reversed the pension reforms … not been able to pass legislation to increase the contribution rate to ensure adequate pensions for future retirees …. Voluntary pension schemes that take into consideration the behavioral aspects of individuals may provide a viable solution for …

This paper develops and estimates a dynamic model of individuals' and couples' labor supply, savings, and retirement … decisions to analyze how the design of a privatized pension system affects gender pension gaps. Chile has one of the longest … countries and was reformed in 2008 to alleviate old- age poverty and reduce gender pension gaps. The paper estimates the dynamic …

This paper reviews the factors that should guide the design of private funded pensions to create a complete pension … system alongside a notional defined contribution-or public-component. It argues that a mix of public and private pensions is … the most effective option to deliver the best combination of pension outcomes. Pension design should start with a vision …

The penetration level of the insurance and pension sectors in Malawi is low, but it seems adequate as compared with …. Life insurance and private pension plans have an acceptable level of development as substitute of the non …-existing mandatory pensions for private sector workers, but they need a stronger supervision and regulation to enhance their benefits …

between the mid-1990s and the mid-2010s, the effective retirement age rose rapidly in the Central and Eastern European region …. This increase was fast enough to keep life expectancies at the effective retirement age practically unchanged. In effect … maintaining the current life expectancies at retirement over the next thirty years requires less effort in terms of further …