NDLI: Developments in the Estonian Pension System

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Content Provider	OECD iLibrary
Author	Oorn, Kadi
Abstract	This paper provides a description of the reform of the Estonian pension system with a focus on the operation of the new funded scheme. One interesting aspect of the Estonian funded scheme is that it involves centralised contribution collection, account management and record keeping. The Tax Board collects contributions while the Central Registrar for Securities houses the central database where all information on members, their choices, and transactions is gathered. The mandatory pension funds are also protected with a guarantee fund that covers losses in the event of bankruptcy of the fund manager or losses generated by violations of regulations. After one year of operation of the industry, the fund industry shows patterns that are typical in other countries that have introduced such schemes, in particular a high degree of market concentration and investment portfolios invested predominantly in bonds...
Page Count	29
Starting Page	59
Ending Page	85
Language	English
Publisher	OECD Publishing
Publisher Date	2004-04-08
Access Restriction	Open
Subject Keyword	Finance and Investment
Content Type	Text
Resource Type	Chapter

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Developments in the Estonian Pension System