Improving the design of retirement saving pension plans
Retirement saving pension plans (e.g. defined contribution plans) are increasingly an integral part of most countries’ overall pension system, while for some countries they are the main component of their pension system. Therefore, overall retirement income adequacy greatly depends on the pension benefits stemming from these plans.
This roadmap identifies elements of good design and public policy to assist countries to strengthen retirement income adequacy in an environment where pension benefits result from assets accumulated during working life.