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Complementary and Private Pensions throughout the World 2008

image of Complementary and Private Pensions throughout the World 2008

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).

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EUROPE - Voluntary (Information valid at 01-01-2006): Italy

Before the introduction of the Legislative Decree No. 124 (see below) in 1993, complementary pensions were not explicitly regulated. Occupational pension funds established before 11 November 1992 (“old” funds) preserve more flexible rules but they are not allowed to accept new members beyond their original membership. These funds are not covered further in the following sections unless explicitly mentioned.

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