Collective Pension Funds: International Evidence and Implications for China's Enterprise Annuities Reform
Collective pension funds (CPFs) - occupational pension funds that cover the employees of more than one employer (enterprise) - have been operating in OECD countries for decades. Generally speaking, there are two models, i.e. closed pension funds, with membership restricted to a particular industry o...
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Weitere beteiligte Personen: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Paris
OECD Publishing
2007
|
| Schriftenreihe: | OECD Working Papers on Insurance and Private Pensions
|
| Schlagwörter: | |
| Links: | https://doi.org/10.1787/123505600000 |
| Zusammenfassung: | Collective pension funds (CPFs) - occupational pension funds that cover the employees of more than one employer (enterprise) - have been operating in OECD countries for decades. Generally speaking, there are two models, i.e. closed pension funds, with membership restricted to a particular industry or group of industries, and open pension funds open to all types of company. The governance structure of such funds also operates in two ways - via an internal model (with trustees appointed by employers and employees) and external model (with professional, commercial trustees). In this report, we first describe and analyse how CPFs are operated in selected OECD countries and non-OECD economies. Then, we review occupational pensions (or Enterprise Annuities -EA- in Chinese terminology) in general and CPFs in particular. Given the problems holding back the development of EA plans among small and medium size enterprises (SMEs) in China, and bearing in mind both China's specific situations and international best practices, we propose a number of policy recommendations to promote the development of CPFs covering the SME sector. Our practical policy recommendations include 1) industry funds with more open membership; 2) establishment of new purpose-built industry funds; 3) establishment of new regional EA administration centres acting as independent pension councils (trustees) for open pension funds; 4) in parallel to these policy initiatives in China, commercial trustees should be encouraged to establish CPFs targeting the SME sector |
| Umfang: | 1 Online-Ressource (48 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/123505600000 |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV047931978 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220413s2007 xx o|||| 00||| eng d | ||
| 024 | 7 | |a 10.1787/123505600000 |2 doi | |
| 035 | |a (ZDB-13-SOC)061313319 | ||
| 035 | |a (OCoLC)1312705693 | ||
| 035 | |a (DE-599)BVBBV047931978 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 |a DE-91 |a DE-473 |a DE-824 |a DE-29 |a DE-739 |a DE-355 |a DE-20 |a DE-1028 |a DE-1049 |a DE-188 |a DE-521 |a DE-861 |a DE-898 |a DE-92 |a DE-573 |a DE-19 | ||
| 100 | 1 | |a Hu, Yu-Wei |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Collective Pension Funds |b International Evidence and Implications for China's Enterprise Annuities Reform |c Yu-Wei Hu ... [et al] = Fonds de pension collectifs : Observations internationales et conséquences pour la réforme des rentes d'entreprise en Chine / Yu-Wei Hu ... [et al] |
| 246 | 1 | 3 | |a Fonds de pension collectifs |
| 264 | 1 | |a Paris |b OECD Publishing |c 2007 | |
| 300 | |a 1 Online-Ressource (48 Seiten) |c 21 x 29.7cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Working Papers on Insurance and Private Pensions | |
| 520 | |a Collective pension funds (CPFs) - occupational pension funds that cover the employees of more than one employer (enterprise) - have been operating in OECD countries for decades. Generally speaking, there are two models, i.e. closed pension funds, with membership restricted to a particular industry or group of industries, and open pension funds open to all types of company. The governance structure of such funds also operates in two ways - via an internal model (with trustees appointed by employers and employees) and external model (with professional, commercial trustees). In this report, we first describe and analyse how CPFs are operated in selected OECD countries and non-OECD economies. Then, we review occupational pensions (or Enterprise Annuities -EA- in Chinese terminology) in general and CPFs in particular. Given the problems holding back the development of EA plans among small and medium size enterprises (SMEs) in China, and bearing in mind both China's specific situations and international best practices, we propose a number of policy recommendations to promote the development of CPFs covering the SME sector. Our practical policy recommendations include 1) industry funds with more open membership; 2) establishment of new purpose-built industry funds; 3) establishment of new regional EA administration centres acting as independent pension councils (trustees) for open pension funds; 4) in parallel to these policy initiatives in China, commercial trustees should be encouraged to establish CPFs targeting the SME sector | ||
| 650 | 4 | |a Finance and Investment | |
| 650 | 4 | |a China, People's Republic | |
| 700 | 1 | |a Pugh, Colin |4 ctb | |
| 700 | 1 | |a Stewart, Fiona |4 ctb | |
| 700 | 1 | |a Yermo, Juan |4 ctb | |
| 856 | 4 | 0 | |u https://doi.org/10.1787/123505600000 |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033313472 | |
Datensatz im Suchindex
| DE-BY-TUM_katkey | 2628340 |
|---|---|
| _version_ | 1821934695420526592 |
| adam_text | |
| any_adam_object | |
| author | Hu, Yu-Wei |
| author2 | Pugh, Colin Stewart, Fiona Yermo, Juan |
| author2_role | ctb ctb ctb |
| author2_variant | c p cp f s fs j y jy |
| author_facet | Hu, Yu-Wei Pugh, Colin Stewart, Fiona Yermo, Juan |
| author_role | aut |
| author_sort | Hu, Yu-Wei |
| author_variant | y w h ywh |
| building | Verbundindex |
| bvnumber | BV047931978 |
| collection | ZDB-13-SOC |
| ctrlnum | (ZDB-13-SOC)061313319 (OCoLC)1312705693 (DE-599)BVBBV047931978 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/123505600000 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000zc 4500</leader><controlfield tag="001">BV047931978</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220413s2007 xx o|||| 00||| eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/123505600000</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-13-SOC)061313319</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1312705693</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV047931978</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-1028</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-861</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Hu, Yu-Wei</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Collective Pension Funds</subfield><subfield code="b">International Evidence and Implications for China's Enterprise Annuities Reform</subfield><subfield code="c">Yu-Wei Hu ... [et al] = Fonds de pension collectifs : Observations internationales et conséquences pour la réforme des rentes d'entreprise en Chine / Yu-Wei Hu ... [et al]</subfield></datafield><datafield tag="246" ind1="1" ind2="3"><subfield code="a">Fonds de pension collectifs</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2007</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (48 Seiten)</subfield><subfield code="c">21 x 29.7cm</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Working Papers on Insurance and Private Pensions</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Collective pension funds (CPFs) - occupational pension funds that cover the employees of more than one employer (enterprise) - have been operating in OECD countries for decades. Generally speaking, there are two models, i.e. closed pension funds, with membership restricted to a particular industry or group of industries, and open pension funds open to all types of company. The governance structure of such funds also operates in two ways - via an internal model (with trustees appointed by employers and employees) and external model (with professional, commercial trustees). In this report, we first describe and analyse how CPFs are operated in selected OECD countries and non-OECD economies. Then, we review occupational pensions (or Enterprise Annuities -EA- in Chinese terminology) in general and CPFs in particular. Given the problems holding back the development of EA plans among small and medium size enterprises (SMEs) in China, and bearing in mind both China's specific situations and international best practices, we propose a number of policy recommendations to promote the development of CPFs covering the SME sector. Our practical policy recommendations include 1) industry funds with more open membership; 2) establishment of new purpose-built industry funds; 3) establishment of new regional EA administration centres acting as independent pension councils (trustees) for open pension funds; 4) in parallel to these policy initiatives in China, commercial trustees should be encouraged to establish CPFs targeting the SME sector</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance and Investment</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">China, People's Republic</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Pugh, Colin</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Stewart, Fiona</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Yermo, Juan</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1787/123505600000</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033313472</subfield></datafield></record></collection> |
| id | DE-604.BV047931978 |
| illustrated | Not Illustrated |
| indexdate | 2025-01-11T15:45:32Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033313472 |
| oclc_num | 1312705693 |
| open_access_boolean | 1 |
| owner | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| owner_facet | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| physical | 1 Online-Ressource (48 Seiten) 21 x 29.7cm |
| psigel | ZDB-13-SOC |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Working Papers on Insurance and Private Pensions |
| spellingShingle | Hu, Yu-Wei Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform Finance and Investment China, People's Republic |
| title | Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform |
| title_alt | Fonds de pension collectifs |
| title_auth | Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform |
| title_exact_search | Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform |
| title_full | Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform Yu-Wei Hu ... [et al] = Fonds de pension collectifs : Observations internationales et conséquences pour la réforme des rentes d'entreprise en Chine / Yu-Wei Hu ... [et al] |
| title_fullStr | Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform Yu-Wei Hu ... [et al] = Fonds de pension collectifs : Observations internationales et conséquences pour la réforme des rentes d'entreprise en Chine / Yu-Wei Hu ... [et al] |
| title_full_unstemmed | Collective Pension Funds International Evidence and Implications for China's Enterprise Annuities Reform Yu-Wei Hu ... [et al] = Fonds de pension collectifs : Observations internationales et conséquences pour la réforme des rentes d'entreprise en Chine / Yu-Wei Hu ... [et al] |
| title_short | Collective Pension Funds |
| title_sort | collective pension funds international evidence and implications for china s enterprise annuities reform |
| title_sub | International Evidence and Implications for China's Enterprise Annuities Reform |
| topic | Finance and Investment China, People's Republic |
| topic_facet | Finance and Investment China, People's Republic |
| url | https://doi.org/10.1787/123505600000 |
| work_keys_str_mv | AT huyuwei collectivepensionfundsinternationalevidenceandimplicationsforchinasenterpriseannuitiesreform AT pughcolin collectivepensionfundsinternationalevidenceandimplicationsforchinasenterpriseannuitiesreform AT stewartfiona collectivepensionfundsinternationalevidenceandimplicationsforchinasenterpriseannuitiesreform AT yermojuan collectivepensionfundsinternationalevidenceandimplicationsforchinasenterpriseannuitiesreform AT huyuwei fondsdepensioncollectifs AT pughcolin fondsdepensioncollectifs AT stewartfiona fondsdepensioncollectifs AT yermojuan fondsdepensioncollectifs |