TY  - BOOK
AU  - Mackenzie,George A.
TI  - The Role of Private Sector Annuities Markets in an Individual Accounts Reform of a Public Pension Plan
T2  - IMF Working Papers; Working Paper
SN  - 1451857829 :
SN  - 1018-5941
PY  - 2002///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Annuities Market
KW  - imf
KW  - Annuity Markets
KW  - Individual Accounts
KW  - Insurance Companies
KW  - Life Insurance Companies
KW  - Life Insurance
KW  - United States
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/07287-9781451857825/07287-9781451857825/07287-9781451857825.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451857825
ER  -