Nonfinancial defined contribution (NDC) pension schemes have been successfully implemented since the mid-1990s in a number of European countries. The NDC approach features the lifelong contribution–benefit link of a financial defined contribution scheme, but is based on the pay-as-you-go format. An NDC approach implemented by the rulebook can manage the economic and demographic risks inherent to a pension scheme and by design creates financial sustainability...
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INFORMATION
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2019/04/01
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Document de travail (série numérotée)
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136555
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1
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1
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2019/05/03
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Disclosed
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The ABCs of NDCs
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life expectancy
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