COMMUNICATING PENSION RISK TO DC PLAN MEMBERS: THE CHILEAN CASE OF A PENSION RISK SIMULATOR

Pablo Antolin () and Olga Fuentes

No 55, Working Papers from Superintendencia de Pensiones

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..

Keywords: Pensions; pension benefits; projections; defined contribution pension plans; financial education; communication; uncertainty (search for similar items in EconPapers)
JEL-codes: D14 D18 G23 G28 I28 J26 O16 O19 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2012-11, Revised 2012-11
New Economics Papers: this item is included in nep-age
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https://repec.spensiones.cl/repec/3_doctrabajos/55 ... _dc_plan_members.pdf Revised version, 2012 (application/pdf)

Related works:
Working Paper: Communicating Pension Risk to DC Plan Members: The Chilean Case of a Pension Risk Simulator (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:sdp:sdpwps:55

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