Collective Pension Funds: International Evidence and Implications for China's Enterprise Annuities Reform = Fonds de pension collectifs
Collective pension funds (CPFs) - occupational pension funds that cover the employees of more than one employer (enterprise) - have been operating in OECD countries for decades. Generally speaking, there are two models, i.e. closed pension funds, with membership restricted to a particular industry o...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | , , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2007
|
| Series: | OECD Working Papers on Insurance and Private Pensions
no.9 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | Collective pension funds (CPFs) - occupational pension funds that cover the employees of more than one employer (enterprise) - have been operating in OECD countries for decades. Generally speaking, there are two models, i.e. closed pension funds, with membership restricted to a particular industry or group of industries, and open pension funds open to all types of company. The governance structure of such funds also operates in two ways - via an internal model (with trustees appointed by employers and employees) and external model (with professional, commercial trustees). In this report, we first describe and analyse how CPFs are operated in selected OECD countries and non-OECD economies. Then, we review occupational pensions (or Enterprise Annuities -EA- in Chinese terminology) in general and CPFs in particular. Given the problems holding back the development of EA plans among small and medium size enterprises (SMEs) in China, and bearing in mind both China's specific situations and international best practices, we propose a number of policy recommendations to promote the development of CPFs covering the SME sector. Our practical policy recommendations include 1) industry funds with more open membership; 2) establishment of new purpose-built industry funds; 3) establishment of new regional EA administration centres acting as independent pension councils (trustees) for open pension funds; 4) in parallel to these policy initiatives in China, commercial trustees should be encouraged to establish CPFs targeting the SME sector. |
| Physical Description: | 1 Online-Ressource (48 Seiten) 21 x 29.7cm. |
Staff View
MARC
| LEADER | 00000cam a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061313319 | ||
| 003 | DE-627-1 | ||
| 005 | 20241028114015.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2007 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/123505600000 |2 doi | |
| 035 | |a (DE-627-1)061313319 | ||
| 035 | |a (DE-599)KEP061313319 | ||
| 035 | |a (FR-PaOEC)123505600000 | ||
| 035 | |a (DE-627-1)061313319 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a G23 |2 jelc | ||
| 084 | |a P52 |2 jelc | ||
| 100 | 1 | |a Hu, Yu-Wei |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Collective Pension Funds |b International Evidence and Implications for China's Enterprise Annuities Reform = Fonds de pension collectifs |c Yu-Wei, Hu ... [et al] |
| 246 | 3 | 1 | |a Fonds de pension collectifs |
| 264 | 1 | |a Paris |b OECD Publishing |c 2007 | |
| 300 | |a 1 Online-Ressource (48 Seiten) |c 21 x 29.7cm. | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Working Papers on Insurance and Private Pensions |v no.9 | |
| 520 | |a Collective pension funds (CPFs) - occupational pension funds that cover the employees of more than one employer (enterprise) - have been operating in OECD countries for decades. Generally speaking, there are two models, i.e. closed pension funds, with membership restricted to a particular industry or group of industries, and open pension funds open to all types of company. The governance structure of such funds also operates in two ways - via an internal model (with trustees appointed by employers and employees) and external model (with professional, commercial trustees). In this report, we first describe and analyse how CPFs are operated in selected OECD countries and non-OECD economies. Then, we review occupational pensions (or Enterprise Annuities -EA- in Chinese terminology) in general and CPFs in particular. Given the problems holding back the development of EA plans among small and medium size enterprises (SMEs) in China, and bearing in mind both China's specific situations and international best practices, we propose a number of policy recommendations to promote the development of CPFs covering the SME sector. Our practical policy recommendations include 1) industry funds with more open membership; 2) establishment of new purpose-built industry funds; 3) establishment of new regional EA administration centres acting as independent pension councils (trustees) for open pension funds; 4) in parallel to these policy initiatives in China, commercial trustees should be encouraged to establish CPFs targeting the SME sector. | ||
| 650 | 4 | |a Finance and Investment | |
| 650 | 4 | |a China, People's Republic | |
| 700 | 1 | |a Pugh, Colin |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Stewart, Fiona |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Yermo, Juan |e MitwirkendeR |4 ctb | |
| 966 | 4 | 0 | |l DE-862 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/123505600000 |m X:OECD |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 966 | 4 | 0 | |l DE-863 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/123505600000 |m X:OECD |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC-ebook | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a BO | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-862 | ||
| 049 | |a DE-863 | ||
Record in the Search Index
| DE-BY-FWS_katkey | ZDB-13-SOC-061313319 |
|---|---|
| _version_ | 1826942520735563777 |
| adam_text | |
| any_adam_object | |
| author | Hu, Yu-Wei |
| author2 | Pugh, Colin Stewart, Fiona Yermo, Juan |
| author2_role | ctb ctb ctb |
| author2_variant | c p cp f s fs j y jy |
| author_facet | Hu, Yu-Wei Pugh, Colin Stewart, Fiona Yermo, Juan |
| author_role | aut |
| author_sort | Hu, Yu-Wei |
| author_variant | y w h ywh |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC ZDB-13-SOC-ebook |
| ctrlnum | (DE-627-1)061313319 (DE-599)KEP061313319 (FR-PaOEC)123505600000 |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03051cam a22004332 4500</leader><controlfield tag="001">ZDB-13-SOC-061313319</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20241028114015.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2007 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/123505600000</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061313319</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061313319</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)123505600000</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061313319</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">G23</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">P52</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Hu, Yu-Wei</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Collective Pension Funds</subfield><subfield code="b">International Evidence and Implications for China's Enterprise Annuities Reform = Fonds de pension collectifs</subfield><subfield code="c">Yu-Wei, Hu ... [et al]</subfield></datafield><datafield tag="246" ind1="3" ind2="1"><subfield code="a">Fonds de pension collectifs</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2007</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (48 Seiten)</subfield><subfield code="c">21 x 29.7cm.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Working Papers on Insurance and Private Pensions</subfield><subfield code="v">no.9</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Collective pension funds (CPFs) - occupational pension funds that cover the employees of more than one employer (enterprise) - have been operating in OECD countries for decades. Generally speaking, there are two models, i.e. closed pension funds, with membership restricted to a particular industry or group of industries, and open pension funds open to all types of company. The governance structure of such funds also operates in two ways - via an internal model (with trustees appointed by employers and employees) and external model (with professional, commercial trustees). In this report, we first describe and analyse how CPFs are operated in selected OECD countries and non-OECD economies. Then, we review occupational pensions (or Enterprise Annuities -EA- in Chinese terminology) in general and CPFs in particular. Given the problems holding back the development of EA plans among small and medium size enterprises (SMEs) in China, and bearing in mind both China's specific situations and international best practices, we propose a number of policy recommendations to promote the development of CPFs covering the SME sector. Our practical policy recommendations include 1) industry funds with more open membership; 2) establishment of new purpose-built industry funds; 3) establishment of new regional EA administration centres acting as independent pension councils (trustees) for open pension funds; 4) in parallel to these policy initiatives in China, commercial trustees should be encouraged to establish CPFs targeting the SME sector.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance and Investment</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">China, People's Republic</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Pugh, Colin</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Stewart, Fiona</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Yermo, Juan</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="966" ind1="4" ind2="0"><subfield code="l">DE-862</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/123505600000</subfield><subfield code="m">X:OECD</subfield><subfield code="x">Resolving-System</subfield><subfield code="z">lizenzpflichtig</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="4" ind2="0"><subfield code="l">DE-863</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/123505600000</subfield><subfield code="m">X:OECD</subfield><subfield code="x">Resolving-System</subfield><subfield code="z">lizenzpflichtig</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC-ebook</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">BO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-862</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061313319 |
| illustrated | Not Illustrated |
| indexdate | 2025-03-18T14:29:19Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| owner_facet | DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (48 Seiten) 21 x 29.7cm. |
| psigel | ZDB-13-SOC FWS_PDA_SOC ZDB-13-SOC ZDB-13-SOC-ebook |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Working Papers on Insurance and Private Pensions |
| spelling | Hu, Yu-Wei VerfasserIn aut Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform = Fonds de pension collectifs Yu-Wei, Hu ... [et al] Fonds de pension collectifs Paris OECD Publishing 2007 1 Online-Ressource (48 Seiten) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Working Papers on Insurance and Private Pensions no.9 Collective pension funds (CPFs) - occupational pension funds that cover the employees of more than one employer (enterprise) - have been operating in OECD countries for decades. Generally speaking, there are two models, i.e. closed pension funds, with membership restricted to a particular industry or group of industries, and open pension funds open to all types of company. The governance structure of such funds also operates in two ways - via an internal model (with trustees appointed by employers and employees) and external model (with professional, commercial trustees). In this report, we first describe and analyse how CPFs are operated in selected OECD countries and non-OECD economies. Then, we review occupational pensions (or Enterprise Annuities -EA- in Chinese terminology) in general and CPFs in particular. Given the problems holding back the development of EA plans among small and medium size enterprises (SMEs) in China, and bearing in mind both China's specific situations and international best practices, we propose a number of policy recommendations to promote the development of CPFs covering the SME sector. Our practical policy recommendations include 1) industry funds with more open membership; 2) establishment of new purpose-built industry funds; 3) establishment of new regional EA administration centres acting as independent pension councils (trustees) for open pension funds; 4) in parallel to these policy initiatives in China, commercial trustees should be encouraged to establish CPFs targeting the SME sector. Finance and Investment China, People's Republic Pugh, Colin MitwirkendeR ctb Stewart, Fiona MitwirkendeR ctb Yermo, Juan MitwirkendeR ctb |
| spellingShingle | Hu, Yu-Wei Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform = Fonds de pension collectifs Finance and Investment China, People's Republic |
| title | Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform = Fonds de pension collectifs |
| title_alt | Fonds de pension collectifs |
| title_auth | Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform = Fonds de pension collectifs |
| title_exact_search | Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform = Fonds de pension collectifs |
| title_full | Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform = Fonds de pension collectifs Yu-Wei, Hu ... [et al] |
| title_fullStr | Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform = Fonds de pension collectifs Yu-Wei, Hu ... [et al] |
| title_full_unstemmed | Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform = Fonds de pension collectifs Yu-Wei, Hu ... [et al] |
| title_short | Collective Pension Funds |
| title_sort | collective pension funds international evidence and implications for china s enterprise annuities reform fonds de pension collectifs |
| title_sub | International Evidence and Implications for China's Enterprise Annuities Reform = Fonds de pension collectifs |
| topic | Finance and Investment China, People's Republic |
| topic_facet | Finance and Investment China, People's Republic |
| work_keys_str_mv | AT huyuwei collectivepensionfundsinternationalevidenceandimplicationsforchinasenterpriseannuitiesreformfondsdepensioncollectifs AT pughcolin collectivepensionfundsinternationalevidenceandimplicationsforchinasenterpriseannuitiesreformfondsdepensioncollectifs AT stewartfiona collectivepensionfundsinternationalevidenceandimplicationsforchinasenterpriseannuitiesreformfondsdepensioncollectifs AT yermojuan collectivepensionfundsinternationalevidenceandimplicationsforchinasenterpriseannuitiesreformfondsdepensioncollectifs AT huyuwei fondsdepensioncollectifs AT pughcolin fondsdepensioncollectifs AT stewartfiona fondsdepensioncollectifs AT yermojuan fondsdepensioncollectifs |