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Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes (Vol. 1 of 2) : Addressing Marginalization, Polarization, and the Labor Market (Английский)

This is the third publication to analyze progress, challenges, and adjustment options of this reform revolution for mandated public pension schemes. The individual account-based but unfunded approach that promises fair and financially sustainable benefits is a reform benchmark for all pension schemes. Nonfinancial defined contribution (NDC) schemes originated in the 1990s independently in Italy and Sweden, were then adopted by Latvia, Poland, and...
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