An individual pension plan
of Sberbanks Private Pension Fund is an optimal tool for Russians who want to independently form their future pension to the desired amount.
Many countries have tried these automatic enrolment mechanisms in various situations from individual pension plans
to organ donations.
Specifically, the Spanish pay-as-you-go social security system guarantees a minimum retirement pension that can be voluntarily complemented with a private pension plan promoted by the firm where the employee works (occupational pension plans), financial entities (individual pension plans
) or syndicates/labor unions/associations (associate pension plans).With regard to private pension systems, the Spanish government (1) promotes transparency of fees charged by management companies for their services, establishing a maximum limit of 2% and 0.5% of the assets under management for management and custodial fees, respectively, and (2) establishes minimum and maximum limits of investments depending on assets' characteristics.
In an agent plan, an administrative entity uses a single pension trust to manage multiple separate individual pension plans
, meaning that not all resources of the trust are equally available to pay all benefits.
Another target of a suit, Catholic Health East, based in Newtown Square, Pa., includes hospitals whose individual pension plans
were once covered by federal law before they were folded into the parent's church plan.