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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 Council  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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