1 inflation and pension funds the euromoney conference le grand hotel paris denis autier 26 27 may 2005 0505 ppt 2 summary systems p 3 fund risk management 8 dynamics of in 14 issues solutions 20 conclusion 22 4 pensions a multi pillar structure private savings plans occupational state pay as you go employer underwriting defined benefits db funded un employee contributions dc 5 by countries 6 types active workers pensioners corporate 7 trend z reduction tax incentive for individual saving schemes individuals transfer risks change from to 9 cash flow step payment annuities until death investment
