The Swedish NDC scheme: success on track with room for reflection

Author(s)
Palmer, Edward
Konberg, Bo
Date Issued
July 15, 2019
Subjects
Invecchiamento della popolazione
Pensioni
Riforma pensionistica
Abstract
Sweden’s reform began with a published sketch in 1992, and developed into nonfinancial defined contribution (NDC) legislation in 1994. This paper discusses the underpinnings of the Swedish NDC scheme’s financial stability, factors influencing the adequacy of benefits, and its interplay with other components of the pension system: the public financial defined contribution scheme, the minimum pension guarantee, and the occupational schemes. The paper also includes information on the December 2017 broad six-party political agreement on forthcoming legislation. It concludes with recommendations for additional improvements in the overall old-age pension system, based on the analysis of financial stability, adequacy, and differences in outcomes, and the interaction of the NDC scheme with the guarantee benefits and the occupational schemes.
Citation
Palmer E., Könberg, B. (2019), The Swedish NDC scheme: success on track with room for reflection, Roma, INAPP, WP; 12 <https://oa.inapp.org/xmlui/handle/20.500.12916/452>
URI
Type
Working Paper
File(s)
Thumbnail Image
Name

Inapp_Palmer_Konberg_The Swedish_WP12_2019.pdf

Description
Main document
Size

2.19 MB

Format

Adobe PDF

Checksum (MD5)

28b2f6f7e6992d650b406f0d3679924c

Thumbnail Image
Name

Inapp_Palmer_Konberg_The Swedish_WP12_2019.png

Description
Cover
Size

524.44 KB

Format

PNG

Checksum (MD5)

99762c23fac8772c7a430894e5893c7a