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Individual information for pension contributors: Recommendations for Spain based on international experience
Author(s) -
RegúlezCastillo Marta,
VidalMeliá Carlos
Publication year - 2012
Publication title -
international social security review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.349
H-Index - 28
eISSN - 1468-246X
pISSN - 0020-871X
DOI - 10.1111/j.1468-246x.2012.001426.x
Subject(s) - pension , work (physics) , field (mathematics) , state (computer science) , actuarial science , business , political science , public relations , management science , knowledge management , computer science , economics , engineering , finance , mechanical engineering , mathematics , algorithm , pure mathematics
The aim of this article is to establish basic guidelines to support the possible design of an information letter to be sent to individuals who contribute to the Spanish state pension system, should a decision ever be taken to adopt such an instrument. Basing our work on international experience and published research in the field, we look into the concept of “individual pension information” and identify its most relevant features. We then give detailed descriptions of two models for the provision of individual pension information (the United States and Sweden), looking in particular at how these are structured, what aspects could be improved and their limitations. Finally, we offer recommendations for the design of a model for Spain.