This paper studies the financial sustainability of the Albanian pension fund and assesses possible options for its … reform. The paper concludes that the pension fund is not sustainable in its current form and proposes for the urban scheme a … and strengthening the financial performance of the pension fund. In addition, it proposes the establishment of a voluntary …

The rapid aging of China's population over the next few decades makes it important for a new pension system with broad … and adequate coverage to be put in place quickly. Pension reforms, first initiated in 1997, have become bogged down in … difficulties over dealing with the "legacy costs" associated with the relatively more generous benefits provided under the old …

This paper evaluates the macroeconomic and welfare effects of extending the averaging period used to calculate pension … benefits in a pay-as-you-go system. It also examines the complementarities between reforms extending the averaging period and …

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

This Selected Issues paper on Chile assesses the long-term outlook of Chile’s private pension system. 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 …

), particularly for the low-income and older individuals. Using simulations of tax and social benefits and public pensions, the paper … shows how the current tax, welfare, and pension systems create disincentives to work among these groups. The paper finds …