Abstract:Occupational pensions play a major role in OECD countries and worldwide, complementing retirement income from state sources. At the end of 2009, private pension savings reached USD 25 trillion. Population ageing has led many OECD countries to undertake a wide range of pension reforms ‐ the overall effect of which has been to reduce public pension promises and, in turn, to increase the importance of private pension savings for retirement.
Document Type: Review Article
Publication date: August 1, 2010