TALLINN — A research analysis by Estonia’s Ministry of Finance has concluded that banks should be allowed to change the pension funds quarterly instead of once a year.
The analysis, which was prepared in the last few months of 2009 to evaluate how the financial crisis affects the funded pension system, suggests that pension funds should be changed more than once a year to react better to changing market conditions. The analysis was completed after the Swedbank pension fund scandal in the fall when the bank invested the money of pension fund shareholders into the junk bond fund PDF.
Kai Joost
Some pension plans will provide for members in the event they suffer a disability. This may take the form of early entry into a retirement plan for a disabled member below the normal retirement age.
Posted by: Pension Entitlement | February 23, 2010 at 13:06