01750cas a2200253 a 4500 AALejournalIMF003351 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875539 1018-5941 BD-DhAAL BD-DhAAL Schrager, Allison. Can the Private Annuity Market Provide Secure Retirement Income? / Allison Schrager, George Mackenzie. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (20 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 Annuity premiums are often assumed to be constant, although they can be expected to vary with the yield curve. Variations in premiums will become an important public policy issue as defined-contribution (DC) pension plans play an increasingly prominent role in providing retirement income. As DC plan holders retire, many will annuitize at least a part of their account balances. In the absence of current data on annuity prices, the paper relies on U.S. Treasury interest rate data to simulate the impact of interest rate variation on annuity premiums. For a spectrum of feasible interest rates, the variation in retirement income is not negligible. Mode of access: Internet Mackenzie, George. IMF Working Papers; Working Paper ; No. 2004/230 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/230/001.2004.issue-230-en.xml IMF e-Library