Staff View: Adequacy of Retirement Income after Pension Reforms in Central, Eastern, and Southern Europe : Eight Country Studies

Adequacy of Retirement Income after Pension Reforms in Central, Eastern, and Southern Europe : Eight Country Studies

All of the former transition economies in Central, Eastern, and Southern Europe (CESE) inherited from the era of central planning traditional defined-benefit pension systems financed on a pay-as-you-go basis. Like many pay-as-you-go public pension...

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Bibliographic Details
Main Authors:	Holzmann, Robert, Guven, Ufuk
Language:	English
Published:	World Bank 2012
Subjects:	ACCUMULATION PERIOD ANNUAL RATE OF RETURN ANNUITIES ANNUITY ARBITRAGE ASSET MANAGEMENT AVERAGE BENEFITS AVERAGE EARNINGS AVERAGE WAGE BANKS BASIC BENEFIT BASIC PENSION BENEFICIARIES BENEFICIARY BENEFIT ADJUSTMENT BENEFIT FORMULA BENEFIT FORMULAS BENEFIT INDEXATION BENEFIT LEVEL BENEFIT RATE CALCULATIONS CAPITAL ACCUMULATION CAPITAL GAINS CASH PAYMENTS CONSUMER CONSUMER PRICE INDEX CONTRIBUTION CONTRIBUTION PAYMENTS CONTRIBUTION RATE CONTRIBUTION RATES CONTRIBUTION RECORD CONTRIBUTION SCHEME CONTRIBUTION SCHEMES CONTRIBUTION SYSTEM CONTRIBUTIONS COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CURRENCY DEFINED BENEFIT DEFINED-BENEFIT PENSION DEFINED-BENEFIT SCHEME DEFINED-BENEFIT SCHEMES DEMOGRAPHIC DEMOGRAPHIC CHANGES DEPENDENCY RATIO DEPENDENCY RATIOS DEVELOPMENT FINANCE DISABILITIES DISABILITY DISABILITY BENEFITS DISABILITY INSURANCE DISABILITY PENSION DISABILITY PENSIONS DIVERSIFICATION DIVORCE DOMESTIC MARKET EARNINGS EARNINGS-RELATED PENSION ELDERLY EMPLOYEE EMPLOYER CONTRIBUTIONS FAMILY MEMBER FERTILITY FERTILITY RATES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SUSTAINABILITY FINANCIAL SYSTEMS FISCAL SUSTAINABILITY FOREIGN CURRENCIES FULL-CAREER WORKERS FUND ASSETS FUNDED COMPONENT FUNDED PENSION FUNDED SCHEMES GOVERNMENT POLICY GROSS DOMESTIC PRODUCT GUARANTEED BENEFIT HEALTH CARE HEALTH INSURANCE HEALTH INSURANCE FUND HOUSEHOLD INCOME INCOME GROUPS INCOME LEVEL INCOME REPLACEMENT INCOME TAX INCOME TAX BASE INCOME TAXES INDIVIDUAL ACCOUNTS INDIVIDUAL SAVINGS INFLATION INSURANCE COMPANIES INSURANCE SCHEMES INTERNATIONAL BANK INTERNATIONAL LABOUR ORGANIZATION INVESTING INVESTMENT RETURNS JOINT ANNUITY LABOR FORCE LABOR FORCE PARTICIPATION LEVEL OF PENSION EXPENDITURES LIFE EXPECTANCY LIFE INSURANCE LIFE INSURANCE COMPANIES LIFETIME LIFETIME EARNINGS LONG-TERM CARE LOW-INCOME LUMP SUM LUMP-SUM DISTRIBUTIONS MANDATORY PILLARS MARKET CONDITIONS MARKET ECONOMY MIDDLE-INCOME COUNTRIES MINIMUM INCOME MINIMUM OLD-AGE PENSION MINIMUM PENSION MINIMUM PENSIONS MINIMUM PERIOD MINIMUM WAGE MULTIPILLAR PENSION SYSTEMS MULTIPILLAR SYSTEMS MUTUAL FUNDS NOMINAL WAGE NOMINAL WAGES NORMAL RETIREMENT AGE NOTIONAL CAPITAL OLD-AGE PENSIONS OUTPUT PAY-AS-YOU-GO PENSION SYSTEMS PENSION PENSION ARRANGEMENTS PENSION BENEFITS PENSION CONTRIBUTIONS PENSION ENTITLEMENTS PENSION INCOME PENSION POLICY PENSION PROVIDERS PENSION PROVISIONS PENSION REFORM PENSION REFORMS PENSION SCHEMES PENSION SPENDING PENSION SYSTEM PENSION SYSTEM PARAMETERS PENSION SYSTEMS PENSION TAXATION PENSIONABLE AGE PENSIONERS PENSIONS PERSONAL PENSION PILLAR BENEFITS PRESENT VALUE PRICE INDEX PRICE-INDEXED ANNUITIES PRICE-INDEXED ANNUITY PRIVATE LIFE INSURANCE PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATIZATION PUBLIC PENSION PUBLIC PENSION SCHEME PUBLIC PENSIONS PUBLIC SCHEMES REPLACEMENT RATE REPLACEMENT RATES RESERVE FUND RETIREES RETIREMENT RETIREMENT AGES RETIREMENT BENEFITS RETIREMENT INCOME RETIREMENT SAVINGS SAVINGS ACCOUNTS SAVINGS PROGRAMS SECURITIES SECURITIES MARKETS SMALL ENTERPRISES SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL INSURANCE FUND SOCIAL PENSION SOCIAL PENSIONS SOCIAL SECURITY SOCIAL SECURITY CONTRIBUTIONS STAKEHOLDERS STATE ENTERPRISES STATE PENSION SURVIVOR PENSIONS TAX ADVANTAGES TAX BENEFITS TAX DEDUCTIBLE TAX PROVISIONS TAX PURPOSES TAX RATE TAX REGIMES TAX RELIEF TAXABLE INCOME TRANSITION COUNTRIES UNEMPLOYMENT VOLUNTARY PENSION VOLUNTARY RETIREMENT SAVINGS WAGE WAGE GROWTH WAGES WORKING AGE WORKING LIFE WORTH YEARS OF SERVICE
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20090319032815 http://hdl.handle.net/10986/2610

Adequacy of Retirement Income after Pension Reforms in Central, Eastern, and Southern Europe : Eight Country Studies

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