Pension Reform and the Development of Pension Systems

Pension Reform and the Development of Pension Systems
Author: Emily S. Andrews
Publisher: World Bank Publications
Total Pages: 198
Release: 2006
Genre: Business & Economics
ISBN: 0821365525

Download Pension Reform and the Development of Pension Systems Book in PDF, Epub and Kindle

"Formal pension systems are an important means of reducing poverty among the aged. In recent years, however, pension reform has become a pressing matter, as demographic aging, poor administration, early retirement, and unaffordable benefits have strained pension balances and overall public finances. Pension systems have become a source of macroeconomic instability, a constraint to economic growth, and an ineffective and/or inequitable provider of retirement income."

US Pension Reform

US Pension Reform
Author: Martin Neil Baily
Publisher: Peterson Institute
Total Pages: 534
Release: 2009
Genre: Pensions
ISBN: 0881325635

Download US Pension Reform Book in PDF, Epub and Kindle

Lessons from Pension Reform in the Americas

Lessons from Pension Reform in the Americas
Author: Stephen J. Kay
Publisher: OUP Oxford
Total Pages: 448
Release: 2007-11-22
Genre: Business & Economics
ISBN: 0191527696

Download Lessons from Pension Reform in the Americas Book in PDF, Epub and Kindle

Latin American experiments with pension reform began when Chile converted its public pay-as-you-go system to a system of private individual accounts in the early 1980s. Several other Latin American countries then followed suit, inspired both by Chile's reforms and by World Bank recommendations stressing compulsory government-mandated individual saving accounts. Individual accounts were subsequently introduced in a number of countries in Europe and Asia. Many are now re-evaluating these privatisations in an effort to 'reform the reform' to make these systems more efficient and equitable. This volume is the first to assess pension reforms in this new 'post-privatization' era. After a discussion on demographic trends in the foreword by Nobel laureate Robert W. Fogel, Section 1 of the book includes chapters on the role of pension system default options, the impact of gender, and a discussion of the World Bank's policies on pension reform. The chapter on the evidence from Chile's new social protection survey points to key lessons from the world's first privatization. Section 2 offers in-depth analysis of several significant reform initiatives in the hemisphere, and includes chapters on the United States, Canada, Mexico, Costa Rica, Brazil, Peru, Uruguay and Argentina. The volume provides an unparalleled account of the lessons from pension reform in the Americas, addressing the most pressing policy issues and highlighting a broad range of country experiences.

Pensions Panorama Retirement-Income Systems in 53 Countries

Pensions Panorama Retirement-Income Systems in 53 Countries
Author: Whitehouse Edward
Publisher: OECD Publishing
Total Pages: 254
Release: 2007-02-13
Genre:
ISBN: 9264032118

Download Pensions Panorama Retirement-Income Systems in 53 Countries Book in PDF, Epub and Kindle

Reforming pensions in a fiscally and socially sustainable way is a central issue in developing and developed countries alike. This report, produced in collaboration by the OECD and the World Bank, addresses some of the key questions underlying the ...

A Plan for Reforming the Retirement Income Systems in Developing Countries

A Plan for Reforming the Retirement Income Systems in Developing Countries
Author: Glenn A. Weiss
Publisher:
Total Pages: 144
Release: 1994
Genre: Retirement income
ISBN:

Download A Plan for Reforming the Retirement Income Systems in Developing Countries Book in PDF, Epub and Kindle

"This paper examines the current retirement income system in existence in the United States and four other selected countries. Two of the selected countries are in Asia, Hong Kong and the People's Republic of China. The other two counties [sic] are located in Latin America, Chile and Argentina. These countries located in Asia and Latin America will offer a good analysis for all developing countries. After analysis of the current system in each country, this paper examines the issues of reform and develops a plan for the future. The issues of reform are imbedded in the public social security system, the private pension system, and the legislative foundation needed for advancement."--Author's abstract.

Assessing Chile's Pension System: Challenges and Reform Options

Assessing Chile's Pension System: Challenges and Reform Options
Author: Samuel Pienknagura
Publisher: International Monetary Fund
Total Pages: 52
Release: 2021-09-10
Genre: Business & Economics
ISBN: 151359611X

Download Assessing Chile's Pension System: Challenges and Reform Options Book in PDF, Epub and Kindle

Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.

Ageing and Pension Reform Around the World

Ageing and Pension Reform Around the World
Author: Giuliano Bonoli
Publisher: Edward Elgar Publishing
Total Pages: 292
Release: 2006-01-01
Genre: Social Science
ISBN: 1845423372

Download Ageing and Pension Reform Around the World Book in PDF, Epub and Kindle

This is an admirable example of a multi-authored comparative book. The two editors set the scene very carefully in the opening chapter and the subsequent chapters follow the framework set out and use the concepts explored there. In this never simple policy area, national systems are explained as clearly as possible by each author. Michael Hill, Journal of Social Policy This is an enlightening introduction to the global dimensions and complexity of pension reform. Recommended. J.F. O Connell, Choice Population ageing and the resulting pressures on existing pension systems constitutes one of the most important challenges modern societies will have to face over the coming decades. Although governments have responded to such pressures by adopting a plethora of pension reforms, the adaptation process is far from over. This book comprehensively documents developments in pension policy in eleven advanced industrial countries in Western Europe, East Asia and North America. In order to explore what population ageing means for the sustainability of pension systems, the authors present a detailed review of pension policy making over the past two decades and provide up-to-date analysis of current pension legislation. They examine the factors that can facilitate or impede the adaptation of pension systems and the features that shape and determine reforms. They also highlight the fact that although the path of reform taken by each country is somewhat different, the processes at work are often very similar. Ageing populations throughout the world are extremely reluctant to see their pension systems dismantled and are therefore prepared to mobilise in their defence. This process of mobilisation interacts with demographic pressures and institutional constraints to help determine the future direction of pension policy. The breadth of geographic coverage provides an almost global picture of the impact of ageing on pension reform, at least in terms of high income countries. Academics and students with an interest in economics, social policy, sociology and political science will find this a worthwhile and rewarding volume. It will also be of value to policymakers interested in how the problem of unsustainable pension systems can be resolved.

Old-age Income Support in the 21st Century

Old-age Income Support in the 21st Century
Author: Robert Holzmann
Publisher: World Bank Publications
Total Pages: 250
Release: 2005
Genre: Business & Economics
ISBN:

Download Old-age Income Support in the 21st Century Book in PDF, Epub and Kindle

The past decade has brought an increasing recognition to the importance of pension systems to the economic stability of nations and the security of their aging populations. This report attempts to explain current policy thinking and update the World Bank's perspective on pension reform. This book incorporates lessons learned from recent Bank experiences and research that have significantly increased knowledge and insight regarding how best to proceed in the future. The book has a comprehensive introduction and two main parts. Part I presents the conceptual underpinnings for the Bank's thinking on pension systems and reforms, including structure of Bank lending in this area. Part II highlights key design and implementation issues where it signals areas of confidence and areas for further research and experience, and includes a section on regional reform experiences, including Latin American and Europe and Central Asia.