Financial incentives and retirement savings
By OECD
Launched in 2014, this project is reviewing the cost effectiveness of tax and other financial incentives. It is assessing more efficient ways of using public money to increase savings for retirement, retirement income and replacement rates. The project is taking into account the distributional impact of various measures and will examine alternative means of encouraging saving in complementary private pension plans other than current tax advantages.
The project addresses three key questions that interest policy makers:
- What the different fiscal incentives are, and how they work
- Whether those fiscal incentives are cost efficient in terms of increasing contributions into private pensions and, ultimately, contributing to adequate overall retirement incomes
- What other alternatives to encourage retirement savings may be more efficient.
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