Evaluating the Design of Private Pension Plans: Costs and Benefits of Risk-Sharing
The principal purpose of this paper is to analyse the trade-off between the uncertainty in contributions on the one hand and benefits on the other that is embedded in different pension arrangements. The paper employs the funding ratio (ratio of assets to liabilities) and the replacement rate (ratio...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2009
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| Schriftenreihe: | OECD Working Papers on Insurance and Private Pensions
no.34 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The principal purpose of this paper is to analyse the trade-off between the uncertainty in contributions on the one hand and benefits on the other that is embedded in different pension arrangements. The paper 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. |
| Beschreibung: | 1 Online-Ressource (23 p.) 21 x 29.7cm. |
| DOI: | 10.1787/225162646207 |
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| indexdate | 2024-11-26T14:55:53Z |
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| spelling | Blommestein, Hans J... VerfasserIn aut Evaluating the Design of Private Pension Plans Costs and Benefits of Risk-Sharing Hans J., Blommestein ... [et al] = Évaluer la conception des plans de pension privés : coûts et avantages du point de vue du partage des risques / Hans J., Blommestein ... [et al] Évaluer la conception des plans de pension privés : coûts et avantages du point de vue du partage des risques Paris OECD Publishing 2009 1 Online-Ressource (23 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Working Papers on Insurance and Private Pensions no.34 The principal purpose of this paper is to analyse the trade-off between the uncertainty in contributions on the one hand and benefits on the other that is embedded in different pension arrangements. The paper 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 MitwirkendeR ctb Kortleve, Niels MitwirkendeR ctb Yermo, Juan MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/225162646207 Volltext |
| spellingShingle | Blommestein, Hans J.. Evaluating the Design of Private Pension Plans Costs and Benefits of Risk-Sharing Finance and Investment |
| title | Evaluating the Design of Private Pension Plans Costs and Benefits of Risk-Sharing |
| title_alt | Évaluer la conception des plans de pension privés : coûts et avantages du point de vue du partage des risques |
| title_auth | Evaluating the Design of Private Pension Plans Costs and Benefits of Risk-Sharing |
| title_exact_search | Evaluating the Design of Private Pension Plans Costs and Benefits of Risk-Sharing |
| title_full | Evaluating the Design of Private Pension Plans Costs and Benefits of Risk-Sharing Hans J., Blommestein ... [et al] = Évaluer la conception des plans de pension privés : coûts et avantages du point de vue du partage des risques / Hans J., Blommestein ... [et al] |
| title_fullStr | Evaluating the Design of Private Pension Plans Costs and Benefits of Risk-Sharing Hans J., Blommestein ... [et al] = Évaluer la conception des plans de pension privés : coûts et avantages du point de vue du partage des risques / Hans J., Blommestein ... [et al] |
| title_full_unstemmed | Evaluating the Design of Private Pension Plans Costs and Benefits of Risk-Sharing Hans J., Blommestein ... [et al] = Évaluer la conception des plans de pension privés : coûts et avantages du point de vue du partage des risques / Hans J., Blommestein ... [et al] |
| title_short | Evaluating the Design of Private Pension Plans |
| title_sort | evaluating the design of private pension plans costs and benefits of risk sharing |
| title_sub | Costs and Benefits of Risk-Sharing |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| url | https://doi.org/10.1787/225162646207 |
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