Editorial – Pensions: Past, Present and Future
Executive Summary
Chapter 1. Pension Reform During the Crisis and Beyond
-1.1. Introduction
-1.2. Objectives of the pension system
-1.3. Overview of reforms
-1.4. Coverage
-1.5. Adequacy
-1.6. Indexation
-1.7. Pensionable ages
-1.8. Work incentives
-1.9. Sustainability
-1.10. Administrative efficiency
-1.11. Diversification and security
-1.12. Other reform measures
-1.13. Conclusions
-References
-Annex 1.A1. Details of pension-reform measures, September 2007-February 2012
Chapter 2. Putting Pensions on Auto-pilot: Automatic-adjustment Mechanisms and Financial Sustainability of Retirement-income Systems
-2.1. Introduction
-2.2. Defining financial sustainability
-2.3. Targets, instruments and mechanisms for implementation of automatic adjustment mechanisms
-2.4. Automatic adjustment mechanisms and the use of a buffer fund
-2.5. Implications for financial sustainability
-2.6. Political economy of automatic adjustment mechanisms
-2.7. Summary and conclusions 
Chapter 3. Reversals of Systemic Pension Reforms in Central and Eastern Europe: Implications for Pension Benefits
-3.1. Introduction
-3.2. Structure of reformed pension systems before reversals
-3.3. Switching at the time of systemic reform
-3.4. Impact of reform reversals on individual entitlements
-3.5. Conclusions
-References
Chapter 4. Coverage of Private Pension Systems: Evidence and Policy Options
-4.1. Introduction
-4.2. The need for private/funded pensions as a complement to public/pay-as-you-go pensions
-4.3. Coverage of funded/private pensions in OECD countries
-4.4. Assessment of the coverage of private pensions in 8 OECD countries
-4.5. Policy options to increase coverage
-4.6. Conclusions
-References
Chapter 5. The Role of Guarantees in Retirement Savings Plans
-5.1. Introduction
-5.2. Guarantees in pension systems
-5.3. Costs and benefits of minimum return guarantees in retirement savings plans
-5.4. Practical challenges of minimum return guarantees in DC plans
-5.5. Conclusion and policy recommendations
-References
-Annex 5.A1. Formal Description of the Different Types of Guarantees Analysed
Chapter 6. A Policy Roadmap for Defined Contribution Pensions
-6.1. Introduction
-6.2. Three guiding principles: Coherence, adequacy and efficiency
-6.3. Policy messages for better DC pension plans
-6.4. Conclusion
-References
Statistical Annex