publication . Preprint . 1994

Administrative charges in pensions in Chile, Malaysia, Zambia, and the United States

Valdes-Prieto, Salvador;
Open Access
  • Published: 31 Oct 1994
Abstract
The author offers a framework for an international comparison of charges in mandatory and private pension systems, and in state-run and privately managed systems. Such comparisons make it possible to determine which combinations of quality and cost make the most sense in pension services. He finds that: 1) Charges in the private annuity industry are much higher than other components of the pension package, and much higher than publicly provided annuities in the US; 2) comparing the collection function in different countries is difficult. In Chile, Malaysia and Zambia, the pension system must collect contributions on its own. In the US, the Social Security Admini...
Subjects
free text keywords: Pensions&Retirement Systems,Health Economics&Finance,Urban Economics,Public Sector Economics&Finance,Banks&Banking Reform
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