Turkey : Selected Issues.

This Selected Issues paper examines the new private pension automatic enrollment provisions in Turkey. The newly enacted automatic enrollment provisions have several advantages relative to the current voluntary private pension system. However, they have several weaknesses that risk endangering the r...

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Detalhes bibliográficos
Autor Corporativo: International Monetary Fund. European Dept
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2017.
coleção:IMF Staff Country Reports; Country Report ; No. 2017/033
Acesso em linha:Full text available on IMF
Descrição
Resumo:This Selected Issues paper examines the new private pension automatic enrollment provisions in Turkey. The newly enacted automatic enrollment provisions have several advantages relative to the current voluntary private pension system. However, they have several weaknesses that risk endangering the reform in the long term. The hybrid input-output is not complete without the establishment of a public procurement board and periodic auctioning of pension services. Employers are unlikely to be more skilled than individuals in choosing pension plans for their workers. The IMF staff advice is to complete the hybrid input-output model along the lines recommended by the World Bank by establishing a procurement board for pension services for undecided participants.
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Descrição Física:1 online resource (72 pages)
Formato:Mode of access: Internet
ISSN:1934-7685
Acesso:Electronic access restricted to authorized BRAC University faculty, staff and students