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Pension Developments and Reforms in Transition Economies [electronic resource] Cottarelli, Carlo.

Author/Creator:
Cottarelli, Carlo.
Publication:
Washington, D.C. : International Monetary Fund, 1998.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 98/151.
IMF Working Papers; Working Paper No. 98/151
Format/Description:
Government document
Book
1 online resource (47 p.)
Local subjects:
Annuity markets. (search)
Asset management. (search)
Asset managers. (search)
Average benefits. (search)
Average pension. (search)
Average pensions. (search)
Basic pension. (search)
Benefit formula. (search)
Benefit rights. (search)
Benefit schemes. (search)
Benefits. (search)
Cash balance. (search)
Compensation. (search)
Contingent liabilities. (search)
Contingent liability. (search)
Contribution base. (search)
Contribution collection. (search)
Contribution pension. (search)
Contribution pension system. (search)
Contribution pension systems. (search)
Contribution period. (search)
Contribution rate. (search)
Contribution rates. (search)
Contributions to retirement plans. (search)
Defined benefit. (search)
Defined contribution pension. (search)
Defined-benefit schemes. (search)
Defined-contribution pension. (search)
Dependency ratio. (search)
Dependency ratios. (search)
Disability pension. (search)
Disability pensions. (search)
Domestic saving. (search)
Early retirement. (search)
Early retirement pensions. (search)
Earnings history. (search)
Fringe benefit. (search)
Fringe benefits. (search)
Funded components. (search)
Funded pension. (search)
Funded scheme. (search)
Funded schemes. (search)
Funded systems. (search)
Gross wage. (search)
Gross wages. (search)
Income tax base. (search)
Individual accounts. (search)
Individual retirement. (search)
Individual retirement accounts. (search)
Informal sector. (search)
Information on pension. (search)
Insurance companies. (search)
Investment returns. (search)
Labor force. (search)
Life expectancy. (search)
Life insurance. (search)
Longevity risk. (search)
Mandatory retirement. (search)
Mandatory saving. (search)
Maternity leave. (search)
Minimum pension. (search)
Minimum wage. (search)
Minimum wages. (search)
Moral hazard. (search)
Multipillar system. (search)
Multipillar systems. (search)
National pension. (search)
Net wages. (search)
Nominal wages. (search)
Notional accounts. (search)
Old age pensions. (search)
Pay-as-you-go systems. (search)
Payroll. (search)
Payroll tax. (search)
Pension. (search)
Pension accounts. (search)
Pension agency. (search)
Pension base. (search)
Pension benefits. (search)
Pension contribution. (search)
Pension contributions. (search)
Pension expenditure. (search)
Pension expenditures. (search)
Pension fund. (search)
Pension fund company. (search)
Pension funds. (search)
Pension payments. (search)
Pension plan. (search)
Pension plans. (search)
Pension policy. (search)
Pension reform. (search)
Pension reforms. (search)
Pension regimes. (search)
Pension rights. (search)
Pension schemes. (search)
Pension system. (search)
Pension systems. (search)
Pensioner. (search)
Pensioners. (search)
Pensions. (search)
Pensions systems. (search)
Pillar pension. (search)
Pillar system. (search)
Pillar systems. (search)
Portfolio management. (search)
Poverty among pensioners. (search)
Price indexation. (search)
Private bonds. (search)
Private pension. (search)
Private pension funds. (search)
Private saving. (search)
Public pension. (search)
Public pension reform. (search)
Public pension system. (search)
Public pensions. (search)
Public system. (search)
Replacement rate. (search)
Replacement rates. (search)
Retirement. (search)
Retirement accounts. (search)
Retirement age. (search)
Retirement ages. (search)
Retirement benefits. (search)
Retirement categories. (search)
Retirement eligibility. (search)
Retirement income. (search)
Retirement pensions. (search)
Retirement plans. (search)
Retirement systems. (search)
Risk diversification. (search)
Salary. (search)
State pensions. (search)
Supervisory authority. (search)
Tax rate. (search)
Tax rates. (search)
Tax treatment. (search)
Three-pillar system. (search)
Unfunded pension. (search)
Value of pension. (search)
Value of pensions. (search)
Voluntary pension. (search)
Voluntary pension funds. (search)
Wage. (search)
Wage earners. (search)
Wage growth. (search)
Wage indexation. (search)
Wages. (search)
Worker. (search)
Bulgaria. (search)
Hungary. (search)
Kazakhstan. (search)
Poland. (search)
Romania. (search)
Summary:
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.
Notes:
Description based on print version record.
Contributor:
Cangiano, M.
Cottarelli, Carlo.
Cubeddu, Luis M.
Other format:
Print Version:
ISBN:
1451922914:
9781451922912
ISSN:
1018-5941
Publisher Number:
10.5089/9781451922912.001
Access Restriction:
Restricted for use by site license.
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