"In this paper the authors reconsider the idea of an earnings-related pension system with reserves invested in indexed government bonds as a mechanism to both ensure financial sustainability and improve security. They start by reviewing the characterization of the sustainable rate of return of...

There is a widespread perception that public pension systems in richer countries are in crisis. As schemes mature and the population ages, the burden of financing pensions has grown and, on current policies, will rise much further. Developing countries are younger and pension systems relatively...

Notional accounts are designed to mimic a defined contribution plan, where the pension depends on contributions and investment returns. (For this reason, they are sometimes called notional, defined-contribution schemes). Pension contributions are tracked in accounts which earn a rate of return....

This report lays out a strategy for Ukraine to make the transition to a market economy in the social sectors, taking into account the widespread system of benefits and the high spending on education and health inherited from the former Soviet Union. A central part of this strategy is the need to...

The transition from a wholly public, pay-as-you go pension system to one where pensions are also provided by individual, privately managed pension accounts does not directly affect those receiving pensions at the time of the reform. Nevertheless, it could affect all current and future workers. A...

This learning note prepares policymakers to engage with their technical experts and staff in designing and implementing an evidence-informed response to the challenges of existing and future slum settlements. To that end, the note discusses a set of indicators and data analysis techniques needed...