|||"Written by an employee of the International Monetary Fund, this 237-page book is aimed principally at policymakers and regulators in countries where mandatory pension provision based on "individual accounts" is being considered. However, the breadth of cover
This 2006 book treats two vital public policy issues: how should distributions from individual accounts be regulated, and how can the market for private annuities function better? It provides a comprehensive survey of the issues that arise when contributors to individual accounts become eligible for distributions. It also addresses the questions of whether annuitization or other restrictions on distributions should be mandatory, and if so, can the provision of annuities...
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