Pension Reform in the Baltics, Russia, and other Countries of the Former Soviet Union (BRO)International Monetary Fund No 1998/011, IMF Working Papers from International Monetary Fund Abstract: 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. Keywords: WP; pension; pension system; BRO country; country; Pension Reform; Transition; Social Protection; coverage ratio; contribution rate; country authorities; early retirement; retirement age; PAYG system; pension provision; Pension spending; Pensions; Aging; Retirement; Baltics (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1998/011 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC. |
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