Marina Quartu
Public and private DC pension schemes, termination indemnities and optimal funding of pension system in Italy
MICOCCI, MARCO;CANNAS, GIUSEPPINA;MASALA, GIOVANNI BATISTA
2010-01-01
Abstract
Social security contributions of Italian employees finance a two pillar system: public and private pensions that are both calculated in a DC scheme (funded for the private pension and unfunded for the public. In addition to this, a large number of workers have also termination indemnities at the end of their active service. In this chapter, we aim at giving an answer to the following questions. Are the different flows of contributions coherent with the aim of minimizing the pension risk of the workers? Given the actual percentages of contributions, is the asset allocation of private pension funds optimal? Which percentages would optimize the pension risk management of the workers (considering public pension, private pension, and termination indemnities)? Keywords: Pension funds, public and private pensions, asset allocation.File | Size | Format | |
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K10909_C022.pdf Solo gestori archivio
Size 1.68 MB
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Micocci_masala_cannas.pdf Solo gestori archivio
Type: versione pre-print
Size 1.68 MB
Format Adobe PDF
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1.68 MB | Adobe PDF | & nbsp; View / Open Request a copy |
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