Article Abstract:
Few companies have set up defined contribution plans for their employees to overcome increasing cost problems with their existing defined benefit plans by a switch to defined contribution. The obstacle in setting up a pension arrangement in which costs can be kept under better control is the relatively inflexible and complicated regulations for contribution rates and the rules concerning switching from defined benefit to defined contribution.
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Article Abstract:
Brazil, with R$250 billion in assets and 1000 pension plans, has the largest supplementary pension market in Latin America. It also has the largest number of pension legislation measures. The economic pressures of runaway inflation and recession in the past decades has affected the pension fundsE income, but the strong financial markets and prudent fund management practices will help increase returns on investments.
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Article Abstract:
About one-third of Belgium's population benefits from a company-sponsored pension plan, as it provides substantial benefits, for management employees. Vandenbroucke law is a new pension law approved by the government to encourage the introduction of company and industry-wide benefits for a greater number of employees.
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