The Swedish NDC Scheme : Success on Track with Room for Reflection
Sweden’s reform began with a published sketch in 1992 and developed into nonfinancial defined contribution (NDC) legislation in 1994. This paper discusses the underpinnings of the Swedish NDC scheme’s financial stability, factors influencing the ad...
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| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/109591556878067260/The-Swedish-NDC-Scheme-Success-on-Track-with-Room-for-Reflection http://hdl.handle.net/10986/31646 |
| Summary: | Sweden’s reform began with a published
sketch in 1992 and developed into nonfinancial defined
contribution (NDC) legislation in 1994. This paper discusses
the underpinnings of the Swedish NDC scheme’s financial
stability, factors influencing the adequacy of benefits, and
its interplay with other components of the pension system:
the public financial defined contribution scheme, the
minimum pension guarantee, and the occupational schemes. The
paper also includes information on the December 2017 broad
six-party political agreement on forthcoming legislation. It
concludes with recommendations for additional improvements
in the overall old-age pension system, based on the analysis
of financial stability, adequacy, and differences in
outcomes, and the interaction of the NDC scheme with the
guarantee benefits and the occupational schemes. |
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