Working Paper 9: Collective Pension Funds: International Evidence and Implications for China's Enterprise Annuities Reform
Collective pension funds (CPFs) - occupational pension funds that cover the employees of more than one employer (enterprise) - have been operating in OECD countries for decades. This report describes and analyses how CPFs are operated in selected OECD countries and non-OECD economies as well as reviewing occupational pensions (or Enterprise Annuities -EA- in Chinese terminology) in general and CPFs in particular. Given the problems holding back the development of EA plans among small and medium size enterprises (SMEs) in China, and bearing in mind both China‘s specific situations and international best practices, the report then proposes a number of policy recommendations to promote the development of CPFs covering the SME sector.
Long abstract
