01732cas a2200241 a 4500 AALejournalIMF001064 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451857139 1018-5941 BD-DhAAL BD-DhAAL Walliser, Jan. Regulation of Withdrawals in Individual Account Systems / Jan Walliser. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Funded mandatory pension systems based on individual accounts are spreading around the world. With the maturation of these systems, regulating the withdrawal of retirement savings will become increasingly important. Government regulation of withdrawals should mandate the purchase of inflation-indexed life annuities exceeding income available from government welfare programs for the retiree and potential survivors. Proper functioning of insurance markets does not, however, require annuitizing the entire account balance. Instead, more flexibility for the choice of withdrawals could be permitted for any remaining funds, helping to tailor income streams to individual needs and living arrangements. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1999/153 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/153/001.1999.issue-153-en.xml IMF e-Library