Pension System Reforms
نویسنده
چکیده
منابع مشابه
The Effects of Parametric Reforms on Retirees’ Welfare and Financial Sustainability of the Social Security Organization Pension System
Extended Abstract Introduction: The World Bank in its 2017 report on Iran, listed three crises for the Iranian economy: pension funds, water security, and ecology. Pension funds crisis can be addressed in many respects, but what is now referred to, as the main problem of pension funds in Iran, is the large financial deficit in the three pension funds: Civil Servants Pension Fund (CSPO), Armed ...
متن کاملThe Effects of Parametric Reforms on Retirees’ Welfare and Financial Sustainability of the Social Security Organization Pension System
Extended Abstract Introduction: The World Bank in its 2017 report on Iran, listed three crises for the Iranian economy: pension funds, water security, and ecology. Pension funds crisis can be addressed in many respects, but what is now referred to, as the main problem of pension funds in Iran, is the large financial deficit in the three pension funds: Civil Servants Pension Fund (CSPO), Armed ...
متن کاملAging and Pension reform with Change contribution rates
Increased life expectancy and reduced fertility rates have led to aging which is one of the main causes of the pension funds imbalances in Iran’s pension funds. In order to resolve these imbalances, some reforms are required. The first option is to use parametric reforms, such as changing contribution rates of the pension system. The purpose of this study is to examine the impact of aging and c...
متن کاملMacroeconomic and Welfare Effects of Parametric Pension Reform in Iran
The aim of this paper is to analyze the macroeconomic effects of parametric reforms. An adjusted Auerbach-Kotlikoff model is used to study the effects of decreasing replacement and contribution rates of the pension system. The first part concentrates on the macroeconomic effect of reforms. Our results indicate that reducing the replacement and contribution rates increase the capital stock and d...
متن کاملLithuanian Pension System’S Reforms Transformations and Forecasts
The aim of this article is to describe the Lithuanian pension system, its reform process and its long-term financial sustainability. We define therefore the current reforms in the public pension system, influenced by the last economic crisis and social challenges. Also, we forecast the financial dynamics of the public pension system, in the light of raising social expenses (due to second pillar...
متن کاملPension Reform Issues in South Korea and NDC-Based Solution
Pension reform still remains one of the major government agendas in South Korea, despite a series of reforms in 1998 and 2007. This paper argues that the unsatisfactory reforms were inevitable since those reform packages were based on traditional parametric reform retaining the DB (Defined Benefit) principle. Thus, this paper argues for a paradigm shift in designing the Korean pension system, w...
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