California faces large costs in funding its public sector pension plans, and its governor has proposed replacing its traditional defined-benefit plans with a 401(k)-type defined-contribution plan. This proposal, which will probably go di... JG Kilgour - 《Compensation & Benefits Review》 被引量...
James, Estelle & Dimitri Vittas (2000) "The Decumulation (Payout) Phase of Defined Contribution Pillars, Policy Issues in the Provision of Annuities and Other Benefits", Policy Research Working Paper 2464, IBRD, Development Research Group, Finance (October)...
Here we focus upon the design and governance of defined contribution (DC) pension plans which have become the de facto model of occupational pensions in ... GL Clark,R Urwin - 《Benefits Quarterly》 被引量: 20发表: 2010年 Implicit debt in public‐sector pension plans: An international compa...
However, many such retirement benefits or pensions are not portable. In other words, if an employee leaves the employ of an employer, that employee may lose all entitlement to such retirement benefit or pension if the employee terminates his/her employment prior to the expiration of the vesting...
But for a successful new pension system the decumulation phase must also be well organized and efficient. The primary purpose of pension systems is to pay retirement benefits---old age, survivor and disability pensions. This paper argues that (1) pay-out arrangements are likely to evolve ...
In DB plans, benefits are fixed in advance, while, in the DC case, contributions are fixed by the trustee. There are two phases in a pension scheme: the accumulation phase, which is the period from the entry time to the retirement time, and the decumulation phase, which is the period ...
Obviously, the amount of the pension disbursements matches on both sides of the income statement. Changes in pension liabilities due to the indexation of notional accounts and benefits in payment are also accounted for. The pension liability can be increased by the value of indexation as long as...