Funding regulations and risk sharing:
This paper provides a description of the risk sharing features of pension plan design in selected OECD and non-OECD countries and how they correspond with the funding rules applied to pension funds. In addition to leading to a better understanding of differences in funding rules across countries wit...
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| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
Paris
OECD Publishing
2008
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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: | This paper provides a description of the risk sharing features of pension plan design in selected OECD and non-OECD countries and how they correspond with the funding rules applied to pension funds. In addition to leading to a better understanding of differences in funding rules across countries with developed pension fund systems, the study considers the trend towards risk-based regulation. While the document does not enter the debate over the application of riskbased quantitative funding requirements to pension funds (as under Basel II or Solvency II), it identifies the risk factors that should be evaluated and considered in a comprehensive risk-based regulatory approach, whether prescriptive or principles-based. The three main risk factors identified are the nature of risks and the guarantees offered under different plans designs, the extent to which benefits are conditional and can be adjusted, and the extent to which contributions may be raised to cover any funding gap. In addition, the strength of the guarantee or covenant from the sponsoring employer(s) and of insolvency guarantee arrangements should be carefully assessed when designing funding requirements |
| Physical Description: | 1 Online-Ressource (34 Seiten) |
| DOI: | 10.1787/fmt-v2008-art7-en |
Staff View
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Record in the Search Index
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| spelling | Pugh, Colin Verfasser aut Funding regulations and risk sharing Colin Pugh and Juan Yermo Paris OECD Publishing 2008 1 Online-Ressource (34 Seiten) txt rdacontent c rdamedia cr rdacarrier This paper provides a description of the risk sharing features of pension plan design in selected OECD and non-OECD countries and how they correspond with the funding rules applied to pension funds. In addition to leading to a better understanding of differences in funding rules across countries with developed pension fund systems, the study considers the trend towards risk-based regulation. While the document does not enter the debate over the application of riskbased quantitative funding requirements to pension funds (as under Basel II or Solvency II), it identifies the risk factors that should be evaluated and considered in a comprehensive risk-based regulatory approach, whether prescriptive or principles-based. The three main risk factors identified are the nature of risks and the guarantees offered under different plans designs, the extent to which benefits are conditional and can be adjusted, and the extent to which contributions may be raised to cover any funding gap. In addition, the strength of the guarantee or covenant from the sponsoring employer(s) and of insolvency guarantee arrangements should be carefully assessed when designing funding requirements Finance and Investment Yermo, Juan ctb https://doi.org/10.1787/fmt-v2008-art7-en Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Pugh, Colin Funding regulations and risk sharing Finance and Investment |
| title | Funding regulations and risk sharing |
| title_auth | Funding regulations and risk sharing |
| title_exact_search | Funding regulations and risk sharing |
| title_exact_search_txtP | Funding regulations and risk sharing |
| title_full | Funding regulations and risk sharing Colin Pugh and Juan Yermo |
| title_fullStr | Funding regulations and risk sharing Colin Pugh and Juan Yermo |
| title_full_unstemmed | Funding regulations and risk sharing Colin Pugh and Juan Yermo |
| title_short | Funding regulations and risk sharing |
| title_sort | funding regulations and risk sharing |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| url | https://doi.org/10.1787/fmt-v2008-art7-en |
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