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Enhancing Pension Adequacy While Reducing the Fiscal Budget and Creating Essential Capital for Domestic Investments and Growth: Analysing the Risks and Outcomes in the Case of Greece.
- Source :
- Risks; Jan2021, Vol. 9 Issue 1, p8, 1p
- Publication Year :
- 2021
-
Abstract
- Many countries around the world are resorting to mandatory funded components in their multi-pillar pension systems with the purpose of catering for the financial pressure from ageing. This paper aims at analysing the possible replacement rates for such a scheme, by choosing different assumptions and setting the best combined area for the expected result. Then, an approach for analysing the potential for the implementation of such a scheme in Greece is presented along with the actuarially projected expected benefit expenditure and respective accrued capital. A result of the introduction of such a component is expected to be the elevated replacement rate at retirement with a concurrent alleviation of the fiscal burden for the state. The projected scale of savings will also provide domestic financing for investments generating growth. [ABSTRACT FROM AUTHOR]
- Subjects :
- CAPITAL investments
PENSIONS
FINANCIAL stress
FINANCE
Subjects
Details
- Language :
- English
- ISSN :
- 22279091
- Volume :
- 9
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Risks
- Publication Type :
- Academic Journal
- Accession number :
- 148355093
- Full Text :
- https://doi.org/10.3390/risks9010008