01782cas a2200241 a 4500 AALejournalIMF008311 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451857825 1018-5941 BD-DhAAL BD-DhAAL Mackenzie, George. The Role of Private Sector Annuities Markets in an Individual Accounts Reform of a Public Pension Plan / George Mackenzie. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (59 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 Pension reforms that establish individual accounts will diminish the relative importance of the traditional state pension while creating a significant role for individual accounts in providing income for retirement. This paper surveys the policy issues this new role entails. It offers general advice to countries considering such issues as the restrictions to be placed on the timing, extent, and form of withdrawals from individual accounts and the need for mandatory annuitization (conversion into annuities) of accumulated account balances. The paper also considers the role that private annuity markets should play and related regulatory, social safety net, tax, and administrative questions. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2002/161 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/161/001.2002.issue-161-en.xml IMF e-Library