A Note on Benefit Security [E-Book] / Organisation for Economic Co-operation and Development
Paris : OECD Publishing, 2004
68 p.
Finance and Investment
Full Text
A reoccurring motif in pension literature and policy is the search for "benefit security" – that is, assurance to members of a pension regime that, at the end of the working career, they will get some reasonably predictable outcome, either as a pension (benefit stream) or a lump sum. The purpose of this note is to present a simple "thought experiment" to explore this matter and how market mechanisms might be brought more to bear...