In Building Private Pension Systems, Yves Guérard and Glenn Jenkins combine more than thirty years’ experience in the design and management of private pension plans in Canada, Hungary, and Indonesia. The design of a private pension system affects many aspects of the development and growth of a market economy – not only the quality of income maintenance in a rapidly aging society, but also the growth of the capital market. As cultural changes weaken past mechanisms for supporting the elderly and the financial stress of public pension systems reaches a crisis point, the creation of a fair pension system – one in which pension funds are safe from the fluctuations of the economy and of individual companies – can be put off no longer. The authors include a draft pension law that provides fundamental policy direction for this vital ser of financial institutions.