Assessing a minimum pension guarantee for the voluntary IPS in Turkey

Sule Sahin and Adem Elveren ()

International Social Security Review, 2011, vol. 64, issue 3, 39-61

Abstract: The returns from individual account pension plans are subject to fluctuations in capital markets. This increases income uncertainty for the beneficiary and exposes individuals to the risk of fluctuations in the economy in general and the stock market in particular. A minimum pension guarantee is a way to avoid this pitfall by providing a minimum annuity regardless of the actual investment performance of individual accounts. In this article, we present a cost analysis of a minimum benefit guarantee mechanism for the voluntary Individual Pension System in Turkey. We examine the cost estimates and the probability of providing guaranteed payments under various economic and demographic assumptions.

Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1468-246X.2011.01401.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:intssr:v:64:y:2011:i:3:p:39-61

Access Statistics for this article

More articles in International Social Security Review from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().