Object

Title: Collective and individual DC pension schemes: comparing benefit amounts received by members

Title in english:

Zbiorowy a indywidualny program emerytalny o zdefiniowanej składce: porównanie świadczeń uzyskanych przez uczestników

Creator:

Gierusz, Anna

Description:

Nauki o Finansach = Financial Sciences, 2017, Nr 4 (33), s. 62-72

Abstrakt:

Occupational pension schemes in Poland are all defined contribution (DC) in nature. The contribution amount is fixed, whereas the benefit amount is unknown and depends on many factors such as contributions paid and investment returns received. The risk in a DC scheme is borne by the member, who may not be equipped with the financial knowledge needed to manage such a risk. A solution applied by some countries takes the form of collective DC schemes, where the risk is borne collectively by all members of such a scheme. The aim of this paper is to describe collective DC schemes functioning in selected countries and to compare the benefit amounts which the members can receive from collective and from individual DC schemes. The results show that the variability of benefit amounts in a collective DC scheme is lower than in a traditional DC scheme. An additional safeguard, which allows to improve the financial condition of a collective DC scheme in cases of low investment returns has been proposed

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2017

Resource Type:

artykuł

Resource Identifier:

oai:dbc.wroc.pl:40967

Language:

eng

Relation:

Nauki o Finansach = Financial Sciences, 2017, Nr 4 (33)

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-NC-ND 3.0 PL

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Object collections:

Last modified:

Jun 11, 2022

In our library since:

May 8, 2018

Number of object content hits:

339

All available object's versions:

https://dbc.wroc.pl./publication/47021

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