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Some guiding principles for the development of self-adjusting mechanisms for sustainable retirement systems
Some guiding principles for the development of self-adjusting mechanisms for sustainable retirement systems
Social security retirement systems ("SSRS") providing pension benefits under the defined benefit ("DB") principle are under strain around the world. The primary cause has been demographic developments different from assumed. Increased longevity and population aging have led to pensions being paid longer and to greater numbers than expected, while the
decrease in the fertility rate, especially below population replacement levels, has resulted in a decrease in the relative magnitude of the contribution base.
Report:
decrease in the fertility rate, especially below population replacement levels, has resulted in a decrease in the relative magnitude of the contribution base.
2Andrews.pdf 145.61 kB
Author:
Doug Andrews
ISSA, 2009
Topics: Old age / Survivors
Events: Technical Seminar on Pensions
Regions: International
Language: English, French
ISSA, 2009
Topics: Old age / Survivors
Events: Technical Seminar on Pensions
Regions: International
Language: English, French
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