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Lashed to the Mast? The Politics of Notional Defined Contribution Pension Reforms (PDF)
Center for Retirement Research [CRR] at Boston College 
Mar. 30, 2005 68 pages. Excerpt: Over the past decade, a number of countries have adopted a new form of pension system known as 'notional defined contribution' (NDC) pensions. Like traditional defined benefit (DB) pensions, NDC pensions operate largely on a pay-as-you-go basis, but base benefits on total lifetime contributions rather than those in a specified number of peak earnings years. MORE >> |
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