This Selected Issues paper highlights that the authorities in the Republic of Korea recognize the pension policy …. Without further reforms, the public pension systems in Korea are not financially sustainable. This paper considers options for … moving to a funded first-pillar pension system. The main results show that a sustainable, funded pension system can be …

social security system. The Panamanian pension levels are generous, despite the lack of indexation, even by the high standard …

, in turn, will be passed on to pension benefits, exacerbating aging-related fiscal pressures. The pass-through effect will … be stronger if pensions are indexed to nominal wages rather than prices. Using an overlapping generations model, the … world interest rates. It concludes that pension reforms, particularly those that change the indexation of pensions from …

This paper reviews macroeconomic aspects of pension reforms in Latin America, focusing on financial market stability … and fiscal sustainability. Concentration of pension fund portfolios in government bonds remains high, and the lack of new …

This Selected Issues paper of the United Kingdom analyzes the official projections of public pension spending and risks …, as well as the strategy to increase private pension provision. It provides a comparison of stylized facts regarding …

This paper discusses the key sources of vulnerabilities for pension plans and insurance companies in light of the … towards retirement from excessive market volatility; 4) the need to strengthen group supervision for large complex financial … institutions including insurance and pensions; and 5) the need to revisit the resolution and crisis management framework for …

India's planned pension reform will set up a proper regulatory framework for the pension industry and open up the … the reserves of private sector provident funds to the new pension fund managers. …

Preliminary estimates show that pension costs will continue to grow for several years, and controlling and curbing … pension costs will be a challenge for Bolivia. Market-friendly reforms could limit the scope for dollarization and its risks …