Collection : Transferring Contributions to Individual Pension Accounts
Collecting contributions is more
complicated in a decentralized pension system, based on
individual accounts, than in a public system. Many public
plans provide a defined benefit pension based on only a few
years' earnings, which limits the need for keeping
records of people's earnings and contributions in every
year of their working life. And there is usually a choice of
pension fund manager with individual accounts. Collection,
record-keeping and transferring contributions to individual
accounts has often proved problematic. Some reforms have
been delayed or abandoned because of collection problems.
Using a series of case studies of Latin American and
European countries, this briefing highlights policy choices
in operating individual accounts systems.
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Bibliographic Details
| Main Author: |
World Bank |
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| Language: | English |
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| Published: |
Washington, DC
2000-01
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| Subjects: | ADMINISTRATIVE COSTS,
ADMINISTRATIVE DISCRETION,
AUTHORITY,
BANKING SYSTEM,
CASH-FLOW,
CENTRALIZATION,
CHECKING,
CLEARING HOUSE,
CLEARING SYSTEMS,
COLLECTION AGENCIES,
CONTRIBUTION COLLECTION,
CONTRIBUTION RATES,
CONTRIBUTION TRANSFERS,
CORRUPTION,
DECENTRALIZED COLLECTION,
ENFORCEMENT POWERS,
FINANCIAL INSTITUTION,
FUNDED PENSIONS,
GOVERNMENT AGENCIES,
GROSS WAGES,
HUMAN DEVELOPMENT NETWORK,
INCOME TAXES,
INDIRECT COST,
INDIVIDUAL ACCOUNTS,
INFLATION,
INSTITUTIONAL WEAKNESSES,
INSURANCE,
INVESTMENT RETURNS,
LATIN AMERICAN,
LEGISLATION,
LEVIES,
LIABILITY,
PENSION FUND,
PENSION FUND MANAGERS,
PENSION FUNDS,
PENSION REFORM,
PENSION REFORMS,
PENSION SYSTEM,
PENSION SYSTEMS,
PENSIONS,
PERSONAL INCOME TAXES,
POOR GOVERNANCE,
PUBLIC AGENCIES,
PUBLIC AGENCY,
PUBLIC SECTOR,
PUBLIC SYSTEM,
SOCIAL PROTECTION,
SOCIAL SECURITY,
SOCIAL SECURITY AGENCY,
SUPERVISORY AGENCY,
TAX ADMINISTRATION,
TAX AUTHORITIES,
TAX AUTHORITY,
TAX COLLECTION,
TAX COMPLIANCE,
TAXATION, |
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| Online Access: | http://documents.worldbank.org/curated/en/2000/01/6244001/collection-transferring-contributions-individual-pension-accounts
https://hdl.handle.net/10986/11442
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