A DC Scheme to Maximize the Benefits of the Public Sector Employees Based on Behavioral Finance

Journal: Region - Educational Research and Reviews DOI: 10.32629/rerr.v3i2.337

Yueling Zhao

Xiamen University

Abstract

This paper introduces DB and DC pension plans, reviews the literature of DC pension plans, and puts forward three application strategies: automatic registration default contribution rate and annual automatic growth contribution rate, the risk tolerance level of different employees was evaluated by questionnaire survey, and individual investment choice of employees with different risk tolerance.

Keywords

DC pension scheme; risk tolerance; contribution rate; investment

References

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[3] Goda G. S., Levy M. R., Manchester C. F., Sojourner A. and Tasoff J. (2020). Who is a Passive Saver under Opt-in and Auto-enrollment? Journal of Economic Behavior & Organization, 173(C): 301-321.

Copyright © 2021 Yueling Zhao

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