NDC (notional defined contribution) schemes are commonly believed to be the best kind of pay-as-you-go (PAYG) pension systems: actuari¬al equity and individual flexibility in accessing retirement are their main strengths. Gustavo De Santis, however, suggests that IPAYG, or improved PAYG pension systems, may be even better in several respects, starting with the demographic ones.
Clash of the Titans: NDC vs IPAYG (pay-as-you-go pension systems) / Gustavo De Santis. - ELETTRONICO. - (2021), pp. 93-99.
Clash of the Titans: NDC vs IPAYG (pay-as-you-go pension systems)
Gustavo De Santis
2021
Abstract
NDC (notional defined contribution) schemes are commonly believed to be the best kind of pay-as-you-go (PAYG) pension systems: actuari¬al equity and individual flexibility in accessing retirement are their main strengths. Gustavo De Santis, however, suggests that IPAYG, or improved PAYG pension systems, may be even better in several respects, starting with the demographic ones.
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