Superintendencia de Pensiones - Gobierno de Chile

Documento de trabajo Nº 55: Communicating Pension Risk to DC Plan Members

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, and especially to 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.

 

Palabras Clave: Pensions, pension benefits, projections, defined contribution pension plans, financial education, communication, uncertainty, pension risk simulator.