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Integrating Payouts: Annuity Design and Public Pension Benefits in Mandatory DC Plans
Suzanne Doyle and John Piggott, published by the Pension Research CouncilLink to more items from this source
Oct. 18, 2002

22 pages. Excerpt: This chapter focuses on the design of annuities and similar retirement income instruments. It is especially concerned with interactions between annuity preference and underlying publicly-provided safety net support. Because DC-type plans expose individuals to investment and inflation risk, governments often provide guarantees on pension fund benefits, as well as non-means tested transfers to the retired. [WP2002-17]

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