Questão 1824840

1____Defined contribution (DC) pensions are plans underDefined contribution (DC) pensions are plans under

which the contributions into the Fund are pre-determined but

the benefit is not. Contributions are made by individual

4 members and(or) by sponsoring employers (in the case of

occupational DC funds), and invested to accumulate a balance

at the time of retirement which is then withdrawn or used to

7 buy a retirement product (such as an annuity).

_____The term DC applies to a wide range of plans

worldwide, ranging from “pure DC” where member benefits

10 derive totally from contributions plus investment returns, to

schemes where some minimum level of benefit is guaranteed.

There is, in addition, considerable variation in DC systems

13 across the world, depending in particular on whether or not

they are intended to be a major source of retirement income

(i.e. their interaction with the public pension system), the extent

16 to which participation is mandatory, the extent of consumer

choice and the market competition within the system.

_____Many DC systems are still fairly new and in many

19 countries few individuals have retired under predominantly DC

arrangements. However, DC supervision becomes more

important as these systems develop and mature and supervisory

22 authorities are consequently asking whether and how their

supervisory approach needs to adapt to the introduction of

these plans.

International Organization of Pension Supervisors – IOPS (adapted).

Based on the text above, judge the following items.

The expression “in addition” (l.12) means furthermore.