Deflated expectations : unfunded pension promises can all be kept

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<title>Deflated expectations</title>
<subTitle>: unfunded pension promises can all be kept</subTitle>
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<abstract displayLabel="Summary">Peensions can either be funded for in advance, or be unfunded and dependent on taxes, revenues or other resources from future generations to pay the promised benefi ts. At the end of 2017, OECD countries had funded pensions of almost US$29trn; very important to world stock markets and for equity and bond fi nance, and include both defined benefit (DB) and defined contribution (DC) arrangements. In comparison, unfunded DB pension promises in OECD countries in 2016 were a staggering $78trn, nearly twice conventional national debt.</abstract>
<note type="statement of responsibility">Allan Martin</note>
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<topic>Pensiones</topic>
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<topic>Sistemas de pensiones</topic>
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<topic>Financiación</topic>
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<topic>Mercado de seguros</topic>
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<title>The Actuary : the magazine of the Institute & Faculty of Actuaries</title>
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<publisher>London :  Redactive Publishing, 2019-</publisher>
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<text>01/05/2019 Número 4 - May 2019 , p. 30-31</text>
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