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A Note on Benefit Security

Oecd

Financial Market Trends, 2004, vol. 2004, issue 1, 133-198

Abstract: 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...

Date: 2004
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