Many countries' aging populations have made pension reform an issue of crucial importance. Governments are deriving inspiration from the Americas, which have forged groundbreaking reforms in this area for decades.

Latin American experiments with pension reform began when Chile converted its public pay-as-you-go system to a system of private individual accounts in the early 1980s. Several other Latin American countries then followed suit, inspired both by Chile's reforms and by World Bank recommendations...

KiwiSaver, a new type of subsidized retirement savings plan, was introduced in New Zealand on July 1, 2007, to encourage workers to save more for retirement as a supplement to the New Zealand Superannuation (NZS) benefit, a flat-rate universal old-age pension. All new entrants to the labor force...

In 1981, Chile was the first country to replace its public pay-as-you-go pension system with mandatory individual retirement accounts. This system has become a model for pension reformers around the world. Although Chile's system has undergone many changes since its inception, a number of policy...

Increases in longevity, changes in pension structure, and the shift to greater individual responsibility for retirement saving make it important that governments provide workers with information about their public retirement benefits. Public pension statements are one way governments can do...