Annuities and Other Retirement Products: Designing the Payout Phase
World Bank, 2011 - Business & Economics - 354 pages
In the 1990s many emerging economies in Central Europe and Latin America initiated their pension reforms. While most analysis to date has focused on the accumulation phase, there are a number of lessons to be shared as countries start to prepare the retirement options for their contributors, with this book addressing these issues from a public policy perspective.
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Introduction and Overview
Designing the Payout Phase of Pension
Mandating Retirement Savings
8 other sections not shown
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AFPs allocated amounted annuity market annuity providers assets and liabilities Australia average balances bequest motive bonds bonus bonuses calculation capital Chile companies and pension contracts conversion factor costs countries covered Danish Denmark discount rate early retirement employees equity fixed real annuities guaranteed benefits higher income streams increase individual inflation insurance companies interest rates investment and longevity investment returns investment risk joint life annuities level of annuitization long-term longevity risk lump sums mandatory market for retirement ment minimum MWRs occupational pension OECD offer participants payout options payout phase pension funds pension institutions pension plans pension system percent of GDP portfolio public pension ratio regulation replacement rates retirement products retiring workers risk management risk premium rules second pillar share solvency superannuation Sweden Swedish Switzerland term annuities Thorburn tion total assets unit-linked variable annuities wage World Bank yield curve