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Administrative efficiency : Assessing the cost of running public pension systems (الإنجليزية)

The cost of administering public pensions matters because it must ultimately be paid by individuals, either as taxpayers or through lower benefits. High costs are a sign of administrative efficiency. A more efficient administration would reduce the burden on members and/or taxpayers. This note sets out a series of different measures of administrative expenses. The different indicators have their own strengths and weaknesses. The measure used can also...
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