Greek Pension Reform Strategy 2010-2015 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Greek Pension Reform Strategy 2010-2015 write by Georgios Symeonidis. This book was released on 2016. Greek Pension Reform Strategy 2010-2015 available in PDF, EPUB and Kindle.
Reforming the Greek Pension System
Reforming the Greek Pension System - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Reforming the Greek Pension System write by Mr. Alvar Kangur. This book was released on 2021-07-16. Reforming the Greek Pension System available in PDF, EPUB and Kindle. The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015–17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms can go a long way towards enhancing the pension system affordability. However, reforms faced setbacks and fell short of creating stronger incentives to build long contribution histories, to deliver sustainable growth by improving the fiscal policy mix, and to ensure fairness and equitable burden sharing across generations and interest groups. Policy priorities should aim towards fully implementing the 2015–17 reforms and complementing them with additional reforms to address these remaining objectives.
Greece
Greece - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Greece write by International Monetary Fund. This book was released on 2002-03-15. Greece available in PDF, EPUB and Kindle. This Selected Issue paper provides an overview of the public pension system in Greece, and of prospective pension-related spending pressures. The paper reviews the structure of Greece’s pension system and compares some basic parameters of the Greek pension system with those of other European Union economies. It provides an overview of demographic projections for Greece in an international context. The paper also examines the sensitivity of the expenditure projections to variations in demographic and macroeconomic assumptions, including those relating to the rate of productivity growth.
The Challenge of Public Pension Reform in Advanced and Emerging Economies
The Challenge of Public Pension Reform in Advanced and Emerging Economies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Challenge of Public Pension Reform in Advanced and Emerging Economies write by Mr.Benedict J. Clements. This book was released on 2013-01-25. The Challenge of Public Pension Reform in Advanced and Emerging Economies available in PDF, EPUB and Kindle. Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.
Assessing Chile's Pension System: Challenges and Reform Options
Assessing Chile's Pension System: Challenges and Reform Options - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Assessing Chile's Pension System: Challenges and Reform Options write by Samuel Pienknagura. This book was released on 2021-09-10. Assessing Chile's Pension System: Challenges and Reform Options available in PDF, EPUB and Kindle. Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.
