Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes : Volume 1, Addressing Marginalization, Polarization, and the Labor Market /
The individual account-based but unfunded approach to mandated public pension systems is a reform benchmark for all pension schemes, promising fair and financially sustainable benefits. Nonfinancial defined contribution (NDC) pension schemes originated in Italy and Sweden in the 1990s, were then ado...
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Washington, D.C. :
World Bank Publications,
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