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The Swedish NDC Scheme : Success on Track with Room for Reflection

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  • Palmer, Edward
  • Könberg, Bo

Abstract

Sweden?s reform began with a published sketch in 1992 and developed into nonfinancial defined contribution (NDC) legislation in 1994. This paper discusses the underpinnings of the Swedish NDC scheme?s financial stability, factors influencing the adequacy of benefits, and its interplay with other components of the pension system: the public financial defined contribution scheme, the minimum pension guarantee, and the occupational schemes. The paper also includes information on the December 2017 broad six-party political agreement on forthcoming legislation. It concludes with recommendations for additional improvements in the overall old-age pension system, based on the analysis of financial stability, adequacy, and differences in outcomes, and the interaction of the NDC scheme with the guarantee benefits and the occupational schemes.

Suggested Citation

  • Palmer, Edward & Könberg, Bo, 2019. "The Swedish NDC Scheme : Success on Track with Room for Reflection," Social Protection Discussion Papers and Notes 136539, The World Bank.
    • Handle: RePEc:wbk:hdnspu:136539
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    Cited by:

    1. Anne M. Garvey & Manuel Ventura-Marco & Carlos Vidal-Meliá, 2021. "Does the pension system’s income statement really matter? A proposal for an NDC scheme with disability and minimum pension benefits," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 34(1), pages 292-310, January.

    More about this item

    Keywords

    Pensions&Retirement Systems; Population&Development; Demographics; Economic Growth; Disability;
    All these keywords.

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