 Selected Pension Scheme TopicsChapter 2 in Finance and Occupational Pensions, 2016, pp 43-120 from Palgrave Macmillan Abstract: Abstract This chapter goes into greater depth on a range of topics. Two fundamental questions relate to why employers choose to offer pension schemes and why they have switched to offer defined contribution (DC), rather than defined benefit (DB), schemes. After considering these two questions, this chapter analyses the problems with DC schemes, which this switch to the widespread use of these schemes will amplify. Next this chapter looks at ways the sponsors of DB schemes can shed responsibility for their DB schemes, and ways they can deal with rising longevity. This is followed by details of national insurance schemes to protect the members of DB schemes in the event of sponsor default. As well as DB and DC schemes, many other pension scheme designs are possible, and some of the alternatives are presented. This leads on to a consideration of the widespread use of uniform contribution and accrual rates, and the redistributive effects of pension schemes. Economies of scale are an important feature of pension schemes, and after analysing their nature there is a description of the pension system in a major emerging economy – China. Keywords: Pension Fund; Contribution Rate; Pension System; Pension Plan; Asset Allocation (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-94863-5_2 Ordering information: This item can be ordered from DOI: 10.1057/978-1-349-94863-5_2 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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