Reforming Public Pensions : Sharing the Experiences of Transition and OECD Countries

Reforms to pension policies rank high on the policy agenda in many countries. Certain reforms have already been undertaken and those proposed inevitably deal with a number of difficult challenges and potential trade-offs. These include the desirability of providing adequate replacement income and tackling problems of poverty in old age; the imbalance between time spent in work and in retirement; the appropriate mix of different forms of retirement income provisions; the labour market implications of different approaches to financing pensions; and the potential complexities of meeting short-ter