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Collecting and transferring pension contributions

Author

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  • Rofman, Rafael
  • Demarco, Gustavo

Abstract

Collecting social security contributions is an important operational issue in all types of pension systems. Many regimes are plagued by poor compliance and weak, inefficient administration. Some countries have tried to introduce an automatic incentive to contribute by moving systems closer to"actuarial fairness,"where pension benefits are more strictly related to individual contributions. Examples include the systems of individual accounts introduced in a range of countries in Latin America and Eastern Europe. But in these regimes, collecting and transferring contributions is a more complex process. This paper considers different aspects of collecting pension contributions. In the first section the authors describe the most serious problems affecting collection systems in several countries. Section 2 presents the conceptual relationships between alternative pension-system models and collection systems. Section 3 deals with the differences between centralized and decentralized collection systems and their advantages and disadvantages. Section 4 looks at operational issues. Section 5 compares experiences of the collection systems in a range of different countries. Section 6 looks at problems of regulation and supervision, while the final section presents conclusions.

Suggested Citation

  • Rofman, Rafael & Demarco, Gustavo, 1999. "Collecting and transferring pension contributions," Social Protection Discussion Papers and Notes 20122, The World Bank.
    • Handle: RePEc:wbk:hdnspu:20122
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    Citations

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    Cited by:

    1. Whitehouse, Edward, 2000. "Administrative charges for funded pensions: An international comparison and assessment," MPRA Paper 14172, University Library of Munich, Germany.
    2. Robert Holzmann & Richard Hinz, 2005. "Old Age Income Support in the 21st century: An International Perspective on Pension Systems and Reform," World Bank Publications - Books, The World Bank Group, number 7336, December.
    3. Whitehouse, Edward, 2000. "Paying for pensions: An international comparison of administrative charges in funded retirement-income systems," MPRA Paper 14171, University Library of Munich, Germany.
    4. Bailey, Clive & Turner, John, 2001. "Strategies to Reduce Contribution Evasion in Social Security Financing," World Development, Elsevier, vol. 29(2), pages 385-393, February.
    5. World Bank, 2000. "Nicaragua : Pension Reform Proposal," World Bank Publications - Reports 14972, The World Bank Group.
    6. Nikolić Milena & Rakić Biljana, 2016. "Determinants of the Level of Contributions for Pension and Disability Insurance: The EU and Serbia," Economic Themes, Sciendo, vol. 54(1), pages 61-82, March.
    7. Rofman, Rafael, 2000. "The pension system in Argentina - six years after the reform," Social Protection Discussion Papers and Notes 23089, The World Bank.
    8. Demarco, Gustavo & Rofman, Rafael & Whitehouse, Edward, 1998. "Supervising mandatory funded pension systems: issues and challenges," MPRA Paper 16348, University Library of Munich, Germany.
    9. Sluchynsky, Oleksiy, 2015. "Defining, measuring, and benchmarking administrative expenditures of mandatory social security programs," Social Protection Discussion Papers and Notes 95198, The World Bank.

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