Policy Options for the Payout Phase:

This paper assesses how countries' pension arrangements and regulation shape the appropriate structure and flexibility of retirement payout options. The paper aims at providing a guide to policy makers on how to address the diverse questions posed when designing the payout phase or promoting DC...

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Bibliographic Details
Main Author: Antolín, Pablo (Author)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2008
Series:OECD Working Papers on Insurance and Private Pensions
Subjects:
Online Access:Volltext
Summary:This paper assesses how countries' pension arrangements and regulation shape the appropriate structure and flexibility of retirement payout options. The paper aims at providing a guide to policy makers on how to address the diverse questions posed when designing the payout phase or promoting DC pension arrangements, as well as encouraging a market for annuities. The paper addresses questions concerning the type of retirement payout options for accumulated assets in DC plans a country should allow, which entities should provide annuities, and the type of annuity products that could be allowed. The main recommendation is for policy makers to consider mandating deferred life annuities that start paying at very old ages (e.g. at age 85) and allow for the remaining assets accumulated in DC accounts to be allocated as programmed withdrawals (preferably with flexibility to face contingencies)
Physical Description:1 Online-Ressource (25 Seiten) 21 x 29.7cm
DOI:10.1787/238030285260

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