Wow! eBook
Nonfinancial Defined Contribution Pension Schemes in a Changing Pension World: Vol. 1: Progress, Lessons, and Implementation
Author(s): Robert Holzmann
- Publisher: World Bank Publications
- Publication Date: 21 Jun. 2012
- Edition: Illustrated
- Language: English
- Print length: 338 pages
- ISBN-10: 0821388487
- ISBN-13: 9780821388488
Book Description
Nonfinancial Defined Contribution (NDC) schemes are now in their teens. The new pension concept was born in the early 1990s, implemented from the mid-1990s in Italy, Latvia, Poland and Sweden, legislated most recently in Norway and Egypt and serves as inspiration for other reform countries. This innovative unfunded individual account scheme created high hopes at a time when the world seemed to have been locked into a stalemate between piecemeal reforms of ailing traditional defined benefit schemes and introducing pre-funded financial account schemes.
