» » Adequacy of Retirement Income after Pension Reforms in Central, Eastern and Southern Europe: Eight Country Studies (Directions in Development)
Download Adequacy of Retirement Income after Pension Reforms in Central, Eastern and Southern Europe: Eight Country Studies (Directions in Development) epub book
ISBN:0821377817
Author: Ufuk Guven,Robert Holzmann
ISBN13: 978-0821377819
Title: Adequacy of Retirement Income after Pension Reforms in Central, Eastern and Southern Europe: Eight Country Studies (Directions in Development)
Format: lrf mobi txt azw
ePUB size: 1945 kb
FB2 size: 1282 kb
DJVU size: 1586 kb
Language: English
Category: Social Sciences
Publisher: World Bank Publications (March 17, 2009)
Pages: 384

Adequacy of Retirement Income after Pension Reforms in Central, Eastern and Southern Europe: Eight Country Studies (Directions in Development) by Ufuk Guven,Robert Holzmann



Ufuk Guven wrote the eight country studies. All of the former transition economies in Central, Eastern, and Southern Europe (CESE) inherited from the era of central planning traditional defined-benefit pension systems financed on a pay-as-you-go basis. Like many pay-as-you-go public pension systems elsewhere in the world, CESE pension systems were in need of reforms to address short-term fiscal imbalances and longer-term issues relating to population aging.

All of the former transition economies in Central, Eastern, and Southern Europe (CESE) inherited from the era of central planning traditional defined-benefit pension systems financed on a pay-as-you-go basis. By 2006, most countries in Europe and Central Asia had introduced a voluntary private pension scheme. By 2008, 14 countries roughly half of all countries in the region had legislated mandatory private pension schemes, and all but one of those schemes (the one in Ukraine) had been introduced. Directions in Development ; finance.

Robert Holzmann, Ufuk Guven. Download (pdf, . 2 Mb) Donate Read. Epub FB2 mobi txt RTF. Converted file can differ from the original. If possible, download the file in its original format.

Personal Name: Guven, Ufuk, 1972-. Uniform Title: Directions in development. On this site it is impossible to download the book, read the book online or get the contents of a book. The administration of the site is not responsible for the content of the site. The data of catalog based on open source database. All rights are reserved by their owners. Download book Adequacy of retirement income after pension reforms in Central, Eastern, and Southern Europe,. online for free.

Benefit adequacy is thereby assessed by the gross and net replacement rates for steady state conditions approximated by the year 2040 for both income and contribution record dimension of the insured.

Cite this publication. Aging Population, Pension Funds, and Financial Markets: Regional Perspectives and Global Challenges for Central, Eastern, and Southern Europe. HolzmannRobert, ed. The World Bank, ISBN 978-0-821-37732-1, 184 pages.

The former transition countries of Central, Eastern, and Southern Europe (CESE) inherited defined benefit public pension systems financed on a pay-as-you-go basis. Under central planning, these systems exhibited fiscal strains which worsened during the early years of the transition and became unsustainable under a market economy and projected population aging. All CESE countries introduced reforms that varied but typically focused on issues of sustainability rather than benefit adequacy.

China's Pension System: A Vision (Directions in Development). by Mark C. Dorfman, Robert Holzmann, Philip O'Keefe, Dewen Wang, Yvonne Sin, Richard Hinz. Founded in 1997, BookFinder. Coauthors & Alternates. in Directions in Development - Finance. Directions in Development - Finance ; doi:10.

pension reforms in Central, Eastern, and Adequacy of Retirement Income after Pension Reforms. Pension Reform in Europe: Politics, Policies and Outcomes. Pension Reform in Europe. Despite three decades of heavy rhetoric and debate over Social Security. the European Pension Reform Agenda: Need, Progress, 1. Pension FM.

All countries in the former transition economies of Central, Eastern, and Southern Europe have undertaken public pension reforms of varying depth and orientation, often with the support of the World Bank. Although the reformed public pension schemes provide broad benefit adequacy, in most cases additional measures are needed to achieve fiscal sustainability in an aging society.'Adequacy of Retirement Income after Pension Reforms in Central, Eastern, and Southern Europe: Eight Country Studies' assesses the benefit adequacy of the reformed pension systems for eight countries―Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania, the Slovak Republic, and Slovenia―to identify policy gaps and options.The authors identify the motivations for reform against the backdrop of the trend toward multi-pillar arrangements, document key provisions, and compare them in the context of the World Bank's five-pillar paradigm for pension reform. They then evaluate the sustainability and adequacy of reformed pension systems and provide recommendations to address gaps and take advantage of opportunities for further reforms.The case studies and summary suggest the following broad policy conclusions: • Fiscal sustainability has improved in most study countries, but few are fully prepared for the inevitability of population aging. • The linkage between contributions and benefits has been strengthened, and pension system designs are better suited to market conditions • Levels of income replacement are generally adequate for all but some categories of workers (including those with intermittent formal sector employment or low lifetime wages), and addressing their needs requires initiatives that go beyond pension policy. • Further reforms should focus on extending labor force participation by the elderly to avoid benefit cuts that could undermine adequacy and very high contribution rates that could discourage formal sector employment. • More decisive financial market reforms are needed for funded provisions to deliver on the expectations of participants and keep funded pensions safe.This book will be of interest to policy makers, researchers, and everyone interested in the topic of pensions in the region, and beyond.