Financial Flow Accounts

Type of pension plan of economy, category

Type of pension plan refers to a programs designed to provide an income to retired employees. These programs are financed by contributions from employers and employees and use two types of methods to calculate benefits: defined contribution and defined benefit.

Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.

The data for this variable are reported using the following classifications and/or lists:

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