Since the introduction of the KiwiSaver scheme in New Zealand in 2006, several countries have implemented, or are in the process of implementing, voluntary funded pension systems with automatic enrollment features.
... See More + Since most of the literature has focused on countries with the common law tradition, including the United Kingdom and the United States, this note analyzes cases of countries with the civil code tradition, including Turkey, Poland, the Russian Federation, Chile, Brazil, and the Province of Quebec in Canada. This sample includes mostly emerging economies, with reforms at different stages, from those that have already been completed to those that are about to start discussions in their parliaments. Although they are not a substitute for necessary parametric reforms, automatic enrollment schemes offer the possibility of improvements in future retirement income for a significant part of the labor force. This note stresses that the paternalistic approach of automatic enrollment schemes imposes a great degree of responsibility on governments and requires careful consideration of the design of the system, including the industrial organization of the pension fund industry and default investment strategies. Sufficient time and resources for preparing communication and educational campaigns has played a key role in achieving high rates of participation.
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Policy Research Working Paper WPS8726 FEB 05, 2019
China is aging at an unprecedented rate. Improvements in life expectancy and the consequences of the decades-old family planning policy have led to a rapid increase in the elderly population.
... See More + According to the United Nations’ World Population Prospects, the proportion of older people age 65 and over will more than double from 2010 to 2030, and the elderly will account for over one quarterof the total population by 2050. Population aging will not only pose challenges for elder care but also have an impact on the economy and all aspects of society.
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The development objective of the Anhui Aged Care System Demonstration Project for China is to support the government of Anhui in developing and managing a diversified, three-tiered aged care service delivery system for the elderly, particularly those with limited functional ability.It has four components.
... See More + First component, supporting the development of government stewardship capacity will support development of a unified information system to facilitate both the development and management of the aged care service system; design and pilot an assessment of functional ability and needs to improve the effectiveness and quality of care services; establish a set of quality standards for aged care services; and support training and building a professional workforce (managers and administrators) for aged care services; Second component, strengthening community-based and home-based care services will strengthen the delivery and management of community-based and home-based care services in two project cities. The funds will be used to finance civil works, goods, consulting services and capacity-building activities and will contribute to the services improvements envisaged by the authorities; Third component, strengthening the delivery and management of nursing care will strengthen the delivery and management of urban skilled nursing facilities in two project cities; increase the capacity of government-run urban welfare homes in one project city; and strengthen the delivery and management capacity of government-run rural welfare homes, including developing options for public-private partnership in one district and four counties of one project municipality; Fourth component, project management, monitoring, and evaluation will support project management and build capacity in general management and planning to ensure an effective and efficient project implementation; provide technical guidance through a project expert panel (PEP) to support project implementation; and support the monitoring of the implementation of project activities and the achievements of the intended results.
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