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" The suggested multipillar pension system is composed of some combination of five basic elements: (a) a noncontributory or "zero pillar" (in the form of a demogrant or social pension) that provides a minimal level of protection; 1 (b) a "first-pillar"... "
Old-age Income Support in the 21st Century: An International Perspective on ... - Page 1
by Robert Holzmann - 2005 - 232 pages
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Financial Crises: Lessons from the Past, Preparation for the Future

Gerard Caprio, James A. Hanson, Robert E. Litan - 2005 - 300 pages
...pillar" (in the form of a demogrant or social pension) that provides a minimal level of protection; (b) a "first-pillar" contributory system that is linked...sources of both financial and nonfinancial support for the elderly, including access to health care and housing. For a variety of reasons, a system that...
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Public Finance in China: Reform and Growth for a Harmonious Society

Jiwei Lou, Shuilin Wang - 2008 - 400 pages
...provides a minimal level of old-age poverty protection; (b) a "first-pillar" contributory system, which is linked, to varying degrees, to earnings and seeks...portion of income; (c) a mandatory "second pillar," -which is essentially a fully funded individual savings account with different management options (generally...
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