The Swiss Multi-Pillar Pension System: Triumph of Common Sense?

The authors provide a detailed study of the Swiss pension system, analyzing its strengths and weaknesses. The unfunded public pillar is highly redistributive. It has near universal coverage, a low dispersion of benefits (the maximum public pension is twice the minimum), and no ceiling on contributio...

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Bibliographic Details
Main Authors:	Queisser, Monika, Vittas, Dimitri
Format:	Publications & Research
Language:	en_US
Published:	World Bank, Washington, DC 2015
Subjects:	accounting accounting rules adverse effects affiliate affiliates annuity annuity conversion annuity conversion factor asset segregation asset valuation assets auditors bank accounts bankruptcy benchmark benefit formula bonds consolidation contribution period contribution rate contribution rates cost of living debt dependency ratio deposits disability insurance disability pensions dividends economic depression economic growth economic problems equity investments financial performance financial resources foreign assets GDP housing incentives to save income income groups indexation individual accounts inflation information disclosure inheritance insurance companies interest rate interest rates internal controls investment returns labor force legislation liability management life annuity life expectancies life expectancy life insurance life insurance companies lifetime earnings liquidity minimum funding requirement mortgages mutual funds normal retirement age occupational pension plans oil operating costs payroll taxes pension fund pension funds pension plan pension plans pension schemes pension system pension systems pensioners pensions personal savings poverty line private pension private pension funds private pillar private pillars property ownership public pillar public pillars redistributive effects regulatory framework replacement rate replacement rates retirees retirement retirement ages retirement benefits
Online Access:	http://hdl.handle.net/10986/21372

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http://hdl.handle.net/10986/21372

The Swiss Multi-Pillar Pension System: Triumph of Common Sense?

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