Document Abstract
Published:
2013
Matching Contributions for Pensions
Experiences of matching defined contribution pension schemes
Matching defined contribution schemes are gaining popularity in both rich and poor countries as a promising means to reduce gaps in the participation in formal pension systems. Matching contributions by employers, the government, or both to defined contribution schemes are used alone or jointly with other interventions to motivate participation in pension schemes.
Originating in several high-income settings there are now a number of innovations and substantial experience in low-income countries in using this design to stimulate coverage and savings. This experience now provides a rich opportunity for learning, not just from the longer experience of a few high-income countries but also the more meaningful South-South learning across developing countries.
This report reviews the experience with matching pension contributions across the range of countries that have used the design. The description and analysis of this experience which is the product of partnership and collaboration across many public and private institutions provides an early assessment of the design to inform policy makers and practitioners as well as serve as a model for the kind of cooperation that will be required to address this difficult challenge.
Originating in several high-income settings there are now a number of innovations and substantial experience in low-income countries in using this design to stimulate coverage and savings. This experience now provides a rich opportunity for learning, not just from the longer experience of a few high-income countries but also the more meaningful South-South learning across developing countries.
This report reviews the experience with matching pension contributions across the range of countries that have used the design. The description and analysis of this experience which is the product of partnership and collaboration across many public and private institutions provides an early assessment of the design to inform policy makers and practitioners as well as serve as a model for the kind of cooperation that will be required to address this difficult challenge.
