Efficiency and Performance of Bulgarian Private Pensions

This paper analyzes the performance of the Bulgarian private defined contribution pensions in the second and third pillars of the pension system.

Year of publication:	2008-12-01
Authors:	Impavido, Gregorio
Institutions:	International Monetary Fund (IMF)
Subject:	Asset management \| Pension regulations \| pension \| pension funds \| pension fund \| pension fund assets \| voluntary pension \| voluntary pension funds \| mandatory pension fund \| pension insurance \| retirement \| voluntary pension fund \| insurance companies \| mutual funds \| pension system \| wage growth \| pensions \| risk management \| insurance company \| mandatory pension funds \| investment performance \| price controls \| mandatory funds \| retirement products \| individual account \| occupational schemes \| pension administrators \| replacement rate \| longevity risk \| labor force \| retirement age \| investment managers \| pension systems \| annual statements \| net return \| investment risk \| private pensions \| private pension \| average wage growth \| cash balance \| pension schemes \| regulatory framework \| net returns \| pension fund administrators \| longevity insurance \| universal pension \| pension funds investment \| pension fund managers \| supervisory board \| life annuities \| defined benefit \| asset managers \| pension benefits \| cash balances \| occupational pension \| individual accounts \| mutual fund \| collective investment scheme \| investment choices \| collective investment schemes \| pension market \| inflation risk \| pensioners \| pension companies \| pension age \| asset manager \| informal sector \| internal controls \| private pension funds \| minimum pension \| asset segregation \| contribution pensions \| pension products \| defined contribution pensions \| pension fund manager \| mortality table \| supplementary pension \| life insurance \| provident funds \| pension funding \| local capital market \| personal pension funds \| pension rights \| supervisory authority \| earnings-related pension \| intergenerational transfers \| risk diversification \| nominal wage \| deferred annuities \| early retirement \| private pension systems \| value of pensions \| secondary markets \| retirement account \| investment returns \| variable annuities \| supervisory capacity \| invalidity pension \| old age pension \| switching strategy \| capital gains \| retirement pension \| social pension \| survivor pension \| pension benefit \| price control \| contribution pension \| public scheme \| defined contribution pension \| risk-free rate \| pension markets \| individual retirement \| average pension \| contribution base \| brokerage fees \| bidding process \| retirement benefits \| pension reform \| retirement income \| individual retirement account \| old-age pension \| gross return \| deposit insurance \| benefit payment \| early retirement pension \| defined contributions \| payment of pension \| pensions systems \| risk sharing \| supervisory boards \| annuity providers \| investment choice \| capital markets \| life insurance companies \| investment guidelines \| accrual rate \| investment options \| pension assets \| investment advice \| contribution rate \| pillar benefit \| life expectancies \| investment objectives \| gross returns \| active asset management \| private pension market \| retirement product \| life annuity \| moral hazard \| annuity provision \| investment risks \| mandatory retirement

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Working Papers Number 08/268 6 pages long
Source:	RePEc - Research Papers in Economics

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