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The evolution of pension systems in eastern Europe and central Asia : opportunities, constraints, dilemmas and emerging practices / David Lindeman, Michal Rutkowski, Oleksiy Sluchynskyy

Lindeman, David C., 1944-2022 ; Rutkowski, Michal, 1959-, co-autor ; Sluchynskyy, Oleksiy, co-autor

Washington : World Bank, 2000

Documento integral disponível em: https://documents.worldbank.org/

Since the early 1990s the transition economy countries of Eastern Europe and Central Asia (ECA) have had to adapt their pension systems in both minor and often very major ways. Some of the changes related to shrinking contribution bases and the inability to finance prior commitments, while still having to protect the pensioned populations from poverty. Other changes, however, reflected the need to make pension systems more sustainable in light of forthcoming demographic changes. The reforms entail a move away from a single pillar pay-as-you-go defined benefit systems toward multi-pillar systems that include a funded defined contribution component, and changes that convert remaining pay-as-you-go components into ones that are more self-sustaining and transparent. The paper challenges in light of potential labor market changes and examines choices for a new pensions system with respect to the organization, administration, guarantees, transition arrangements, participation requirements, role of the Government, annuitization etc. The paper concludes that though a "one size fits all" approach is clearly not appropriate, some practices emerging from the experiences in this region and elsewhere may offer useful guidance to others as they undertake deeper pension reforms. [Do editor]

plano de pensões; segurança social; mercado do trabalho; Europa; Ásia Central

28.36 PROTECÇÃO SOCIAL

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