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BOOK RESERVED PENSION PLANS

Statistics Directorate    
Definition:
Sums entered in the balance sheet of the plan sponsor as reserves or provisions for occupational pension plan benefits. Some assets may be held in separate accounts for the purpose of financing benefits, but are not legally or contractually pension plan assets.

Context:
Most OECD countries do not allow this method of financing. Those that do usually require these plans to be insured against bankruptcy of the plan sponsor through an insolvency guaranty arrangement.

Source Publication:
OECD Working Party on Private Pensions, 2005, “'Private Pensions: OECD Classification and Glossary, 2005 edition”, OECD, Paris.

Cross References:
Funded pension plan
Unfunded pension plan

Statistical Theme: Financial statistics

Glossary Output Segments:
OECD Private Pensions

Created on Thursday, June 30, 2005

Last updated on Wednesday, November 30, 2005