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Communicating Pension Risk to DC Plan Members: The Chilean Case of a Pension Risk Simulator

Pablo Antolin () and Olga Fuentes ()

No 28, OECD Working Papers on Finance, Insurance and Private Pensions from OECD Publishing

Abstract: The purpose of this paper is to discuss a few issues related to how best to communicate uncertainty about projections of future pension benefits to members of DC plans, and especially to present a pension risk simulator developed by the Chilean regulator (Superintendencia de Pensiones, SP) that addresses directly how to convey that uncertainty and aims at eliciting a pro-active response from individuals in terms of contributing more and for longer. Communiquer le risque de retraite aux adhérents des plans à cotisations définies : Le cas chilien d'un simulateur de risque de retraite L’objectif de ce document est de discuter de quelques questions liées à la manière de communiquer l’incertitude autour des projections des futures prestations de retraite aux adhérents des plans de retraite à cotisations définies. En particulier, le but est de présenter un simulateur de risque de retraite développé par le régulateur chilien (Superintendencia de Pensiones, SP) qui aborde directement la manière de transmettre cette incertitude et vise à susciter une réponse proactive de la part des individus pour qu’ils cotisent d’avantage et pendant plus longtemps.

Keywords: communication; defined contribution pension plans; financial education; pension benefit; pension risk simulator; pensions; projections; uncertainty (search for similar items in EconPapers)
JEL-codes: D14 D18 G23 G28 I28 J26 O16 O19 (search for similar items in EconPapers)
Date: 2012-10-18
New Economics Papers: this item is included in nep-age
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https://doi.org/10.1787/5k9181hxzmlr-en (text/html)

Related works:
Working Paper: COMMUNICATING PENSION RISK TO DC PLAN MEMBERS: THE CHILEAN CASE OF A PENSION RISK SIMULATOR (2012) Downloads
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