Do we need voluntary pension schemes? The role of voluntariness in a pension system
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Lodz University of Technology Department of Management
Publication date: 2020-05-26
Corresponding author
Edyta Marcinkiewicz   

Lodz University of Technology, Department of Management, Piotrkowska str. 266, 90-924 Lodz, Poland; email:
Problemy Polityki Społecznej 2016;33:71-85
This paper focuses on issues related to the role of voluntary schemes in a pension system in contrast to mandatory funded schemes. First, different classifications of multipillar pension systems are compared. The role and the place of voluntariness are analysed in the existing pension system typologies. Second, it discusses the justification for implementing a state policy that aims at increasing voluntary pension savings, and compares the features and macroeconomic effects of implementation of the second and the third pillar in a pension system. The analysis is supported by data collected by the OECD regarding the coverage and replacement rates obtained from voluntary pension plans.
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