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This book studies developments in employer-provided pensions in ten industrial countries to explain the diminished importance of the traditional pension.
'Pensions have become an extremely important part of the social system in many countries as life spans increased and people moved away from extended families. The pension systems that flourished in many countries are now in a state of decline. This book provides an important perspective as it looks at what has happened in ten countries and offers policy options for the future.' Anna M. Rappaport, Anna Rappaport Consulting
Introduction; Part I: 1. The development of employer-provided pensions; 2. The economics of occupational/employer-provided pension plans; 3. Issues in funding and investing; 4. Regulatory issues; 5. Public sector employer-provided pensions and recent innovations in the first tier; Part II: 6. The causes of decline; 7. Policies to address the decline of the traditional pension; 8. Summary and conclusions; Appendix 1. Ten country profiles; Appendix 2. Mathematical treatments and derivations.