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With the design of the pension system critically dependent on objectives and context, and many objectives and trade-offs to consider, real-world pension schemes are complex and rich in institutional detail. Ongoing demographic changes also challenge pensi
The need for pension reform is widely discussed against the backdrop of falling fertility rates and rising longevity. These developments challenge pension systems which in many countries already encounter problems with pension adequacy and financial susta
With the design of the pension system critically dependent on objectives and context, and many objectives and trade-offs to consider, real-world pension schemes are complex and rich in institutional detail. Ongoing demographic changes also challenge pensi