Public-Private Partnerships in statutory pension systems: A new interaction between the public and the private sectors


Angelos Stergiou
Abstract

The article argues that not every publicprivate partnership on the field of pensions is considered to be positive per se; the decisive criterion is the institutional framework within which such a partnership is being realized. The factor that causes them to differ is the  adequacy of the rules materializing a partnership as such. This explains why our main point of interest focuses upon the respective regulative aspects and the necessary/ consequent statutory guarantees. Taking this as our starting point, the Swedish model constitutes an example of good practice. The Swedish version of the public-private partnership in the statutory pension system appears as the best solution for specific sorts of systems, such as the individual accounts. In being transparent, guaranteeing prudent investments and in offering the minimum possible cost for employees, it embodies a wide range of advantages.

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