Matching contributions for pensions [[electronic resource] ] : a review of international experience / / edited by Richard Hinz ... [et al.]

• Record Nr.: UNINA9910462317703321
• Pubbl/distr/stampa: Washington, D.C., : World Bank, c2013
• ISBN: 1-283-84706-X; 0-8213-9493-2
• Descrizione fisica: 1 online resource (356 p.)
• Altri autori (Persone): HinzRichard P
• Disciplina: 346.7305
• Soggetti: Pensions - Government policy; Defined contribution pension plans - Government policy; Pensions - Finance; Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Cover; Contents; Foreword; Acknowledgments; Contributors; Abbreviations; Part I. Introduction and Conceptual Issues; 1. Early Lessons from Country Experience with Matching Contribution Schemes; 2. Policies to Encourage Private Pension Savings: Evidence from OECD Countries; Figures; 2.1 Expenditure on private pension benefits as percentage of total pension expenditure, in selected OECD countries, 1990 and 2007; 2.2 Sources of income of people over 65 in selected OECD countries, mid-2000s; 2.3 Contribution of public and private components to simulated lifetime benefits in 21 OECD countries, 20082.4 Impact of pension reforms on lifetime retirement income benefits in selected OECD countries; 2.5 Private pension coverage in selected OECD countries, 2009; 2.6 Relationship between private pension coverage and age and earnings in selected countries; 2.7 Tax treatment of investment returns, private pension contributions, and withdrawals in selected OECD countries; 2.8 Tax treatment of benchmark savings and private pensions in selected OECD countries; 2.9 Correlation between coverage of voluntary private pensions and tax incentives for private pensions relative to benchmark savings2.10 ; Percentage of IRA and 401(k) saving that is new saving; 2.11 Revenues foregone from tax incentives for private pensions in selected OECD countries as a percentage of GDP and a percentage of public expenditure on pensions, 2007; 2.12 Pensioners' incomes as a percentage of population income in selected OECD countries, mid-2000s; 2.13 Coverage of voluntary private pensions compared with tax incentives for private pensions relative to benchmark savings in selected OECD countriesPart II. High-Income Country Experience; 3. Matching Contributions in 401(k) Plans in the United States; Tables; 3.1 Percentage of active participants deferring enough salary to take full advantage of the maximum employer match, by company size; 3.2 Level of match offered by companies offering matching contributions, by company size; 3.3 Type of employer contributions, by company size; 3.1 Predicted employee contributions for selected persons and plan matching formulas3.4 Changes in employer contribution rates to 401(k) plans that adopted automatic enrollment between 2005 and 2009, by type of modification; 3.5 Inclusion of safe harbor plans in defined contribution plans, by company size; 3.6 Use of automatic enrollment in defined contribution plans, by company size; 4. Riester Pensions in Germany: Design, Dynamics, Targeting Success, and Crowding-In; 4.1 Statutory incentives for supplementary pension provision, 2002-08; 4.1 Subsidy as percentage of total (own plus government matching) contribution
• Sommario/riassunto: The use of matching contributions to enhance the participation and level of savings in pensions system has now been in use for nearly three decades in a number of high income countries. Increasingly, countries across the full range of economic development are looking to the design as a means of addressing the low rates of participation in formal pension and other retirement savings systems. A number of countries have recently introduced innovations in their pension systems that significantly rely on contributions matches and related types of direct subsidies to provide incentives for groups th