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ADJUSTMENT FOR THE CHANGE IN THE NET EQUITY OF HOUSEHOLDS IN PENSION FUND RESERVES

Statistics Directorate    
French Equivalent: Ajustement pour la variation des droits nets des ménages sur les fonds de pension

Definition:
The adjustment for the change in the net equity of households in pension fund reserves is equal to the total value of the actual social contributions payable into private funded pension schemes plus the total value of contribution supplements payable out of the property income attributed to insurance policy holders (i.e., holders of pension rights) minus the value of the associated service charges minus the total value of the pensions paid out as social insurance benefits by private funded pension schemes; this adjustment is designed to ensure that the balance of pension contributions over pension receipts (i.e., of “transfers” payable over “transfers” receivable) does not enter into household saving.

Source Publication:
SNA 9.16 [10.30].

Cross References:
Adjustment

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Thursday, April 25, 2013