The Structure of Pension Provision in Twelve OCED Countries
The Structure of Pension Provision in Twelve OCED Countries
This chapter discusses the situations of twelve major countries that are members of the OECD — the USA, the UK, Germany, Japan, Canada, the Netherlands, Sweden, Denmark, Switzerland, Australia, France, and Italy — and compares the fundamental features of their private pension funds as well as considering how these are related to social security. It attempts to examine the key reasons that would explain why the development of private pensions in these countries is at different levels while providing policy-makers with possible alternatives to impose such developments in their own countries. It also examines pension funds' relative sizes, the factors that bring about the said differences, the details regarding the structure of retirement-income pension, the contribution of pension funds, and some of the measures for reform.
Keywords: OECD, social security, private pension funds, development, policy making, retirement-income pension, reform
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