Administrative Requirements and Prospects for Universal NDCs in Emerging Economies

Administrative Requirements and Prospects for Universal NDCs in Emerging Economies

Many public policies are impossible to implement without adequate administrative systems in place. This is true for modern pension schemes and in particular, notional defined contribution (NDC) schemes. Today these systems must be digital yet most...

Full description

Bibliographic Details
Main Author: Palacios, Robert
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
PENSIONS
PENSION REFORM
NOTIONAL DEFINED CONTRIBUTION
COMPUTERIZATION
PENSION ADMINISTRATION
PENSION POLICY
DEFINED BENEFIT
Online Access:http://documents.worldbank.org/curated/en/295681557816113742/Administrative-Requirements-and-Prospects-for-Universal-NDCs-in-Emerging-Economies
http://hdl.handle.net/10986/31704
id okr-10986-31704
recordtype oai_dc
spelling okr-10986-317042021-05-25T09:24:01Z Administrative Requirements and Prospects for Universal NDCs in Emerging Economies Palacios, Robert PENSIONS PENSION REFORM NOTIONAL DEFINED CONTRIBUTION COMPUTERIZATION PENSION ADMINISTRATION PENSION POLICY DEFINED BENEFIT Many public policies are impossible to implement without adequate administrative systems in place. This is true for modern pension schemes and in particular, notional defined contribution (NDC) schemes. Today these systems must be digital yet most pension systems predate computerization and must find a way to bridge past and present. The shift from defined benefit (DB) to NDC brings particular challenges in recordkeeping. This paper briefly reviews the administrative requirements of NDCs and offers a simple checklist for countries considering this type of reform. The last section describes a universal NDC scheme that harnesses the modern digital infrastructure that may allow developing countries to overcome the limitations of traditional contributory systems and their reliance on payroll taxes. 2019-05-15T14:21:57Z 2019-05-15T14:21:57Z 2019-04 Working Paper http://documents.worldbank.org/curated/en/295681557816113742/Administrative-Requirements-and-Prospects-for-Universal-NDCs-in-Emerging-Economies http://hdl.handle.net/10986/31704 English Social Protection and Jobs Discussion Paper;No. 1920 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic PENSIONS
PENSION REFORM
NOTIONAL DEFINED CONTRIBUTION
COMPUTERIZATION
PENSION ADMINISTRATION
PENSION POLICY
DEFINED BENEFIT
spellingShingle PENSIONS
PENSION REFORM
NOTIONAL DEFINED CONTRIBUTION
COMPUTERIZATION
PENSION ADMINISTRATION
PENSION POLICY
DEFINED BENEFIT
Palacios, Robert
Administrative Requirements and Prospects for Universal NDCs in Emerging Economies
relation Social Protection and Jobs Discussion Paper;No. 1920
description Many public policies are impossible to implement without adequate administrative systems in place. This is true for modern pension schemes and in particular, notional defined contribution (NDC) schemes. Today these systems must be digital yet most pension systems predate computerization and must find a way to bridge past and present. The shift from defined benefit (DB) to NDC brings particular challenges in recordkeeping. This paper briefly reviews the administrative requirements of NDCs and offers a simple checklist for countries considering this type of reform. The last section describes a universal NDC scheme that harnesses the modern digital infrastructure that may allow developing countries to overcome the limitations of traditional contributory systems and their reliance on payroll taxes.
format Working Paper
author Palacios, Robert
author_facet Palacios, Robert
author_sort Palacios, Robert
title Administrative Requirements and Prospects for Universal NDCs in Emerging Economies
title_short Administrative Requirements and Prospects for Universal NDCs in Emerging Economies
title_full Administrative Requirements and Prospects for Universal NDCs in Emerging Economies
title_fullStr Administrative Requirements and Prospects for Universal NDCs in Emerging Economies
title_full_unstemmed Administrative Requirements and Prospects for Universal NDCs in Emerging Economies
title_sort administrative requirements and prospects for universal ndcs in emerging economies
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/295681557816113742/Administrative-Requirements-and-Prospects-for-Universal-NDCs-in-Emerging-Economies
http://hdl.handle.net/10986/31704
_version_ 1764474915474374656

Similar Items