Administrative requirements and prospects for universal NDCs in emerging economies

Author(s)
Palacios, Robert
Date Issued
August 3, 2019
Subjects
Analisi delle politiche
Capacity building
Riforma pensionistica
Abstract
Many public policies are impossible to implement without adequate administrative systems in place. This is true for modern pension schemes and in particular, notional defined contribution (NDC) schemes. Today these systems must be digital yet most pension systems predate computerization and must find a way to bridge past and present. The shift from defined benefit (DB) to NDC brings particular challenges in recordkeeping. This paper briefly reviews the administrative requirements of NDCs and offers a simple checklist for countries considering this type of reform. The last section describes a universal NDC scheme that harnesses the modern digital infrastructure that may allow developing countries to overcome the limitations of traditional contributory systems and their reliance on payroll taxes.
Citation
Palacios R. (2019), Administrative requirements and prospects for universal NDCs in emerging economies, Roma, INAPP, WP, n. 31 <https://oa.inapp.org/xmlui/handle/20.500.12916/468>
URI
Type
Working Paper
File(s)
Thumbnail Image
Name

Inapp_Palacios_Administrative_Requirements_WP31_2019.pdf

Description
Main document
Size

1.45 MB

Format

Adobe PDF

Checksum (MD5)

6ee6c11b54a8dcad6f9fd278c42c3253

Thumbnail Image
Name

Inapp_Palacios_Administrative_Requirements_WP31_2019.png

Description
Cover
Size

438.39 KB

Format

PNG

Checksum (MD5)

7dd98e0ff5f05527d1c104c9c751fe93