performance and the macroeconomic implications of remittances. It then looks at the sustainability of pension systems, financial …

highlights that the public pension for a single person is equal to 70 percent of the (statutory) minimum wage. The minimum wage … and public pensions thus move in lock-step; they are both by law indexed to contract wages in the private sector. This …This Selected Issues paper examines the long-term issues with pension expenditures in the Netherlands. The paper …

This Selected Issues paper reviews developments during 2001–02 in the Belarusian pension system, and discusses … potential short- and medium-term reforms needed to put pension system finances on a sustainable path. The paper presents a short … overview of demographic trends and developments in Belarus and their impact on the pension system. It discusses the financial …

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 …

The increased budget deficit caused by the privatization of a public pension plan does not imply a relaxation of the … and explicit public debt. There may be circumstances in which pension privatization, if not offset by fiscal consolidation …

establish an adequate and farsighted policy framework in the areas of pensions, health insurance, and labor market policies. …

the fiscal consequences of aging will require increasing the retirement age to 65 years, followed by further increases to …