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Governance and Investment of Public Pension Reserve Funds in Selected OECD Countries, Juan Yermo = La gouvernance et les investissements des caisses de réserve des régimes publics de retraite dans quelques pays de l'OCDE / Juan Yermo

Classification
3
Creator
1
Label
Governance and Investment of Public Pension Reserve Funds in Selected OECD Countries, Juan Yermo = La gouvernance et les investissements des caisses de réserve des régimes publics de retraite dans quelques pays de l'OCDE / Juan Yermo
Language
eng
Abstract
Many countries around the world are partly prefunding their otherwise pay-as-you-go (PAYG) financed social security systems by establishing or further developing existing public pension reserve funds (PPRFs). Most OECD countries have put in place internal and external governance mechanisms and investment controls to ensure the sound management of these funds and better isolate them from undue political influence. These structures and mechanisms are in line with OECD standards of good pension fund governance and investment management. In particular, the requirements of accountability, suitability and transparency are broadly met by these reserve funds. However, some specific details of the funds’ governance and investment management could be improved in a few countries, such as enhancing the expertise in the funds’ governing boards and constraining discretionary interventions by government. Such reforms will ultimately raise the long-term investment performance of the funds and the solvency of social security systems
resource.governmentPublication
international or intergovernmental publication
Literary form
non fiction
Main title
Governance and Investment of Public Pension Reserve Funds in Selected OECD Countries
Medium
electronic resource
Nature of contents
dictionaries
Responsibility statement
Juan Yermo = La gouvernance et les investissements des caisses de réserve des régimes publics de retraite dans quelques pays de l'OCDE / Juan Yermo
Series statement
OECD Working Papers on Insurance and Private Pensions,, no.15, 19936397
resource.variantTitle
La gouvernance et les investissements des caisses de réserve des régimes publics de retraite dans quelques pays de l'OCDE

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