Evaluating risk sharing in private pensions plans:
The principal purpose of this article is to analyse the trade-off between the (un)certainty in contributions on the one hand and benefits on the other that is embedded in different pension arrangements. The article employs the funding ratio (ratio of assets to liabilities) and the replacement rate (...
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| Main Author: | |
|---|---|
| Other Authors: | , , |
| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
Paris
OECD Publishing
2009
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| Subjects: | |
| Online Access: | DE-384 DE-473 DE-824 DE-29 DE-739 DE-355 DE-20 DE-1028 DE-1049 DE-521 DE-861 DE-898 DE-92 DE-91 DE-573 DE-19 Volltext |
| Summary: | The principal purpose of this article is to analyse the trade-off between the (un)certainty in contributions on the one hand and benefits on the other that is embedded in different pension arrangements. The article employs the funding ratio (ratio of assets to liabilities) and the replacement rate (ratio of benefits to salaries) as key criteria for evaluating the risk sharing characteristics of a private pension plan from the perspective of the plan member. The stochastic simulations performed show that hybrid plans (those in between traditional DB and individual DC) appear to be more efficient and sustainable forms of risk sharing than either of the other two. Of the three main hybrid plans analysed, conditional indexation plans appear to have the greatest potential as sustainable forms of risk sharing |
| Physical Description: | 1 Online-Ressource (22 Seiten) |
| DOI: | 10.1787/fmt-v2009-art7-en |
Staff View
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| spelling | Blommestein, Hans J... Verfasser aut Evaluating risk sharing in private pensions plans Hans J. Blommestein ... [et al] Paris OECD Publishing 2009 1 Online-Ressource (22 Seiten) txt rdacontent c rdamedia cr rdacarrier The principal purpose of this article is to analyse the trade-off between the (un)certainty in contributions on the one hand and benefits on the other that is embedded in different pension arrangements. The article employs the funding ratio (ratio of assets to liabilities) and the replacement rate (ratio of benefits to salaries) as key criteria for evaluating the risk sharing characteristics of a private pension plan from the perspective of the plan member. The stochastic simulations performed show that hybrid plans (those in between traditional DB and individual DC) appear to be more efficient and sustainable forms of risk sharing than either of the other two. Of the three main hybrid plans analysed, conditional indexation plans appear to have the greatest potential as sustainable forms of risk sharing Finance and Investment Janssen, Pascal ctb Kortleve, Niels ctb Yermo, Juan ctb https://doi.org/10.1787/fmt-v2009-art7-en Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Blommestein, Hans J.. Evaluating risk sharing in private pensions plans Finance and Investment |
| title | Evaluating risk sharing in private pensions plans |
| title_auth | Evaluating risk sharing in private pensions plans |
| title_exact_search | Evaluating risk sharing in private pensions plans |
| title_exact_search_txtP | Evaluating risk sharing in private pensions plans |
| title_full | Evaluating risk sharing in private pensions plans Hans J. Blommestein ... [et al] |
| title_fullStr | Evaluating risk sharing in private pensions plans Hans J. Blommestein ... [et al] |
| title_full_unstemmed | Evaluating risk sharing in private pensions plans Hans J. Blommestein ... [et al] |
| title_short | Evaluating risk sharing in private pensions plans |
| title_sort | evaluating risk sharing in private pensions plans |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| url | https://doi.org/10.1787/fmt-v2009-art7-en |
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