Pension Reform in Belgium

Author/Editor:

International Monetary Fund

Publication Date:

July 1, 1996

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper reviews the financial implications of aging for the pension system in Belgium during 1995-2050. Our simulations indicate a strong rise in pension expenditure over the next half century, as is the case in other industrialized countries. In Belgium, the problem is particularly acute in the pension system for civil servants. The impact of amending indexation of pension benefits and their ceilings, of harmonizing pension schemes for public and private sector employees, and of increasing the mandatory retirement age is discussed. We also calculate rates of return on the participation in the Belgian pension system and present some evidence on the intergenerational impact of the different reform options.

Series:

Working Paper No. 96/74

Subject:

English

Publication Date:

July 1, 1996

ISBN/ISSN:

9781451849547/1018-5941

Stock No:

WPIEA0741996

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

42

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