## Pension Reform in Comoros: Union of the Comoros

_Selected Issues Papers, March 4, 2026_

## Source details

**Canonical URL:** [Pension Reform in Comoros: Union of the Comoros](https://www.imf.org/en/publications/selected-issues-papers/issues/2026/03/04/pension-reform-in-comoros-union-of-the-comoros-574452)

## Other formats

- [Markdown version](/en/publications/selected-issues-papers/issues/2026/03/04/pension-reform-in-comoros-union-of-the-comoros-574452/index.md)
- [Structured JSON version](/en/publications/selected-issues-papers/issues/2026/03/04/pension-reform-in-comoros-union-of-the-comoros-574452/index.json)
- [Bundle manifest](/en/publications/selected-issues-papers/issues/2026/03/04/pension-reform-in-comoros-union-of-the-comoros-574452/bundle-manifest.json)

## Bibliographic details
- Authors: Mehdi El Herradi, Martin Blumhart, Moustapha Diouf, Jasmina Papa
- Published: March 4, 2026
- Series: Selected Issues Papers
- DOI: https://doi.org/10.5089/9798229040389.018

---

### Summary and Purpose
- This paper assesses the financial outlook of the pension system in Comoros based on recent actuarial analyses and examines reform options.
- It documents structural imbalances arising from system design features, limited contributor coverage, and demographic dynamics, which are projected to generate increasing financing pressures over time.
- The analysis identifies the key drivers of projected deficits and evaluates policy measures to restore financial sustainability, including parametric adjustments and institutional strengthening.
- Presented as one of the first comprehensive actuarial-based assessments of pension reform in a fragile state context, the paper provides an analytical framework to support reform sequencing while safeguarding social protection objectives and improving system efficiency.

### Key Findings: Financial Outlook and Drivers
- Structural imbalances in the pension system are linked to:
  - system design features,
  - limited contributor coverage,
  - demographic dynamics.
- These factors are projected to generate increasing financing pressures over time.
- The analysis identifies the key drivers of projected deficits (drivers are documented in the paper based on actuarial analyses).

### Reform Options and Policy Recommendations
- Policy measures evaluated to restore financial sustainability include:
  - parametric adjustments,
  - institutional strengthening.
- The paper evaluates these measures in the context of sequencing reforms while safeguarding social protection objectives and improving system efficiency.

### Analytical Contribution and Context
- Provides an actuarial-based assessment tailored to a fragile state context (Comoros).
- Offers an analytical framework to support reform sequencing and policy prioritization in the pension sector.

---

## Content in this bundle

- **Pension Reform in Comoros**
  - [Pension Reform in Comoros (Markdown version)](/-/media/files/publications/selected-issues-papers/2026/english/sipea2026015.pdf.md){rel="alternate" type="text/markdown"}
  - [Pension Reform in Comoros (PDF)](/-/media/files/publications/selected-issues-papers/2026/english/sipea2026015.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/selected-issues-papers/issues/2026/03/04/pension-reform-in-comoros-union-of-the-comoros-574452_