Pension reform still remains one of the major government agendas in South Korea, despite a series of reforms in 1998 and 2007. This paper argues that the unsatisfactory reforms were inevitable since those reform packages were based on traditional parametric reform retaining the DB (Defined Benefit) principle. Thus, this paper argues for a paradigm shift in designing the Korean pension system, w...

We present descriptive statistics on pension participation and types of pensions among married couples, using data from the 1996/2008 Panels of the Survey of Income and Program Participation and Social Security administrative records. Previous research has focused on pension coverage by marital status, but has not examined couples as a unit. Because couples usually share income, viewing them as...

This paper provides a comprehensive analysis of the annual and of the long-term performance of personal pension funds relative to their Primary Prospectus Benchmarks (PPBs) and T-bills. The study covers 9,659 personal pension funds from across all 30 ABI investment sectors that operated in the UK in the 1980-2009 period. Of these, 4,531 pension funds are compared against their PPBs. We find con...

We investigate the relationship of pension fund governance and investment performance. For this purpose, we develop the Swiss Pensoin Fund Governance Index (SPGI) which is a standard metric for the governance quality of Swiss pension funds. The empirical analysis is based on a sample of 96 pension funds with total assets of more than CHF 190 billion. We …nd evidence for governance issues in the...

This paper examines the performance of fund managers responsible for managing the investment decisions of UK pension funds. The paper examines both individual fund manager performance of pension funds under management, and also the persistence of this performance over time. Previous work on UK pension funds has found little evidence of fund manager persistence, but we suggest that this might be...

This paper provides an answer to an important empirical puzzle in the retirement literature: while most people know little about their own pension plans, retirement behavior is strongly affected by pension incentives. We combine administrative and selfreported pension data to measure the retirement response to actual and perceived financial incentives. We find that wellinformed individuals are ...

This paper investigates the role of basic pensions in alleviating poverty in subSaharan Africa. Using the most recent Senegalese household income-expenditure data survey, we construct scenarios of universal and means-tested basic pension schemes with different generosity levels. Simulations indicate that basic pension benefits have sizeable impact on poverty reduction amongst households, with e...

Giorgos Papavassiliou is a Researcher, Department of Electrical and Computer Engineering, National Technical University of Athens, Greece ([email protected]). Gregoris Mentzas is an Associate Professor, Department of Electrical and Computer Engineering, National Technical University of Athens, Greece ([email protected]). Abstract In this paper we present a new approach for integrating...

Employer pensions that integrate benefits with Social Security have been the focus of relatively little research. Since changes in Social Security benefit levels and other program characteristics can affect the benefit levels and other features of integrated pension plans, it is important to know who is covered by these plans. This article examines the characteristics of workers covered by inte...

OBJECTIVES This study aimed at ascertaining the standardized mortality ratios (SMR) for those with an intellectual disability (ID) in Finland. MATERIALS AND METHODS We used the statistical database of the national insurance institution of Finland and Statistics Finland's mean population figures. We determined the number of individuals who received benefits (disability allowance, disability pe...