Complementary and Private Pensions throughout the World 2008

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This comprehensive and in-depth reference work provides detailed information on the regulation and supervision of voluntary and mandatory occupational pension plans as well as mandatory private pension schemes in 58 countries worldwide. Designed to be complementary to Social Security Programs throughout the World, each country profile contains information on the regulatory framework, the institutional framework, coverage, financing/investment, benefit provisions, benefit adjustment, disability, protection of rights, and regulatory and supervisory authorities.   


Complementary and Private Pensions Throughout the World 2008 is the product of the cooperative efforts of three key international bodies in the area of pensions: the International Social Security Association (ISSA), the International Organisation of Pension Supervisors (IOPS) and the Organisation for Economic Co-operation and Development (OECD).


EUROPE - Mandatory (Information valid at 01-01-2006): Iceland

1998: Act 129 on Pension Rights Insurance and the Operation of Pension Funds; defines the entities that are allowed to operate as pension funds and to receive mandatory contributions, determines minimum pension rights, general requirements for pension funds regarding size, risk, internal auditing and funding, establishes guidelines for, and limits on, the funds’ investment policies and creates the Financial Supervisory Authority (Fjármálaeftirlitid-FSA) to supervise pension funds’ solvency and compliance with legal requirements.


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