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Retirement Guarantees in Mandatory Defined Contribution Systems
Jan Walliser, published by the Pension Research CouncilLink to more items from this source
Oct. 24, 2002

Excerpt: Most public pension systems ... include guarantees for retirement income ... with the two polar cases being the universal pension (such as in the United Kingdom and Argentina) and the topping-up to a minimum pension level (such as in Germany and Chile).... [This] paper will draw conclusions as to whether these guarantees are an effective instrument to protect against low retirement income and evaluate advantages and disadvantages of different designs. [WP2002-20]

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