This is the first comprehensive assessment of pension systems in the Middle East and North Africa. While other regions—Central Asia, Eastern Europe, and Latin America, in particular—have been actively introducing reforms to their pension systems, Middle East and North African countries have lagged behind. This is explained, in part, by the common belief that, because demographics remain favorable—the countries are young and the labor force is expanding rapidly—financial problems are far in the future; as a result, pension reform does not have to be a priority in the broader policy agenda.
Uploaded by world.bank.publications on 05/09/2010
Digital publication details: 286 pages.
Closing the Coverage Gap discusses how social pensions and other retirement income transfers can be used to close the coverage gap of mandatory pension systems. The book is organized in three parts. The first part makes the case for these programs by assessing the extent of the coverage gap around the world and evaluating the vulnerability to poverty of the elderly.
Uploaded by world.bank.publications on 07/07/2009
Digital publication details: 246 pages.
Lord Hutton of Furness published his final report on public service pension provision in which he set out his recommendations to the Government on pension arrangements that are sustainable and affordable in the long term, fair to both the public service workforce and the taxpayer and consistent with the fiscal challenges ahead, while protecting accrued rights.
Uploaded by hmtreasury on 03/09/2011
Digital publication details: 215 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.
Uploaded by world.bank.publications on 03/16/2009
Digital publication details: 332 pages.
By Ed Holmes and Andrew Lilico People used to say that public sector workers had great pensions to make up for their low salaries. That’s now out of date, as public sector workers have much better pay, as well as better pensions and conditions. People in the public sector are better paid and have pensions worth more - while enjoying shorter hours, more time off, and earlier retirement. There is scope to make savings without being unfair.
Uploaded by policyexchange on 06/17/2010
Digital publication details: 106 pages.
This paper solves and estimates a stochastic model of optimal inter-temporal behavior to assess how changes in the design of the unemployment benefits and pension systems in Brazil could affect savings rates, the share of time that individuals spend outside of the formal sector, and retirement decisions.
Uploaded by world.bank.social.protection on 11/30/2009
Digital publication details: 55 pages.
Nonfinancial Defined Contribution (NDC) schemes are now in their teens. The new pension concept was born in the early 1990s, implemented from the mid-1990s in Italy, Latvia, Poland and Sweden, legislated most recently in Norway and Egypt and serves as inspiration for other reform countries. This innovative unfunded individual account scheme created high hopes at a time when the world seemed to have been locked into a stalemate between piecemeal reforms of ailing traditional defined benefit schemes and introducing pre-funded financial account schemes.
Uploaded by world.bank.publications on 06/26/2012
Digital publication details: 342 pages.
The use of matching contributions to enhance the participation and level of savings in pensions system has now been in use for nearly three decades in a number of high income countries.
Uploaded by world.bank.publications on 10/25/2012
Digital publication details: 356 pages.
The financial crisis has significantly impacted pension systems in the Europe and Central Asia region (ECA)* tempting governments to make policy changes in response to the increased pension deficits they are facing. The crisis exacerbates the existing financial imbalance in the public pension systems by reducing contribution revenues sharply while leaving expenditures constant or even higher. The crisis also resulted in a sharp drop in financial asset values which affects pensions provided by funded pillars. Consequently, no pension system, however structured, has been immune to the crisis.
Uploaded by worldbankbulgaria on 01/31/2010
Digital publication details: 25 pages.
In 2010, the Ministry of Finance of Belarus requested sequenced and targeted advice from the World Bank on the fiscal reform options available across priority areas of the budget. Responding to the authorities’ request, a programmatic (two-phase) Public Expenditure Review was agreed upon. This report delivers the analysis and recommendations of the first phase, focusing on: (i) an overall picture of the general government budget structure and key sources of fiscal pressure; and (ii) reform options (with fiscal and social impact assessment) in the areas of pensions, social assistance, housing and communal services, and subsidies in the agriculture sector
Uploaded by world.bank.publications on 10/26/2011
Digital publication details: 124 pages.