On the Financial Sustainability of Earnings-related Pension Schemes with "pay-as-you-go" Financing and the Role of Government Indexed Bonds

Published in: Google Books > Government securities > Sustainability | Published on 29/Jul/2018 11:33

50 pages , World Bank Publications , 2006
"In this paper the authors reconsider the idea of an earnings-related pension system with reserves invested in indexed government bonds as a mechanism to both ensure financial sustainability and improve security. They start by reviewing the characterization of the sustainable rate of return of an earnings-related pension system w...[Read More]

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