Pension Developments and Reforms in Transition Economies
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
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.
Series:
Working Paper No. 1998/151
Subject:
Aging Expenditure Labor Pension spending Pensions Population and demographics Retirement Wages
English
Publication Date:
October 1, 1998
ISBN/ISSN:
9781451922912/1018-5941
Stock No:
WPIEA1511998
Pages:
47
Please address any questions about this title to publications@imf.org