Pension Reform in the Baltics, Russia, and other Countries of the Former Soviet Union (BRO)

Despite their increasing fiscal burden, the public pension systems of BRO countries are failing to provide adequate social protection. Although there is a broad consensus about the need for pension reforms, BRO countries are debating whether to embark on systemic reforms or whether to correct the di...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1998
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Pension Reform in the Baltics, Russia, and other Countries of the Former Soviet Union (BRO) 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1998 
300 |a 40 pages 
651 4 |a Kazakhstan, Republic of 
653 |a Population & demography 
653 |a Economics of the Handicapped 
653 |a Private Pensions 
653 |a Pension spending 
653 |a Labour; income economics 
653 |a Retirement Policies 
653 |a Non-labor Market Discrimination 
653 |a Comparative Studies of Countries 
653 |a Social Security and Public Pensions 
653 |a Nonwage Labor Costs and Benefits 
653 |a Aging 
653 |a Economics of the Elderly 
653 |a Population aging 
653 |a Labor 
653 |a Population and demographics 
653 |a Expenditure 
653 |a Retirement 
653 |a Demography 
653 |a Pension reform 
653 |a Pensions 
653 |a Public Finance 
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520 |a Despite their increasing fiscal burden, the public pension systems of BRO countries are failing to provide adequate social protection. Although there is a broad consensus about the need for pension reforms, BRO countries are debating whether to embark on systemic reforms or whether to correct the distortions in their pay-as-you-go (PAYG) pension systems. The paper reviews the measures taken by BRO countries during the transition period to address their pension problems and examines the options for further reform. It makes a strong case for a gradual reform approach aimed at establishing a multi-pillar system over the long run, but initially focused on implementation of “high-quality” reforms of the PAYG system