Communicating Pension Risk to DC Plan Members The Chilean Case of a Pension Risk Simulator

onsdag, 22 oktober 2014

The purpose of this paper is to discuss a few issues related to how best to communicate uncertainty about projections of future pension benefits to members of DC plans.

The paper present a pension risk simulator developed by the Chilean regulator (Superintendencia de Pensiones, SP) that addresses directly how to convey that uncertainty and aims at eliciting a pro-active response from individuals in terms of contributing more and for longer.