This article describes the open private pension plans offered in Brazil, which is one of the four pillars of the Brazilian retirement system. A framework is created to describe and analyze the impact of the transaction costs and tax advantages one can obtain from these financial products. This...

The purpose of the article is to present a proposal for supplementing the existing pillar of voluntary pension insurance so that it becomes an important contribution to increasing future retirement benefits. The article presents recommendations by OECD experts on how to construct a voluntary...