Pension Developments and Reforms in Transition Economies /

This paper reviews developments in pension systems in 11 transition economies during the 1990s, highlighting the forces behind their rapid weakening. It focuses on the challenges these systems face-including those arising from demographic factors-and discusses why most transition countries are consi...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Cottarelli, Carlo
Weitere Verfasser: Cangiano, M., Cubeddu, Luis
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1998.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1998/151
Online Zugang:Full text available on IMF
Beschreibung
Zusammenfassung:This paper reviews developments in pension systems in 11 transition economies during the 1990s, highlighting the forces behind their rapid weakening. It focuses on the challenges these systems face-including those arising from demographic factors-and discusses why most transition countries are considering shifting, or have already shifted, from traditional defined-benefit pay-as-you-go systems to defined-contribution fully funded systems. Finally, the paper looks at the main options that arise in introducing fully funded components, including the relative mix between funding and pay-as-you-go, and the speed of the transition toward the new system.
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Beschreibung:1 online resource (47 pages)
Format:Mode of access: Internet
ISSN:1018-5941
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