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Reformed Pensions Systems in Central and Eastern Europe: Challenges to Future Safe Pension Benefits.
- Source :
- Papers from the 7th Annual Conference on European Integration: Europe 2020: Towards Innovative & Inclusive Union; 2012, p289-310, 22p
- Publication Year :
- 2012
-
Abstract
- The objective of this paper is to examine and analyze empirically whether the Central and Eastern European countries` reformed pension systems are providing adequate and safe pensions. Starting in the 1990s, most Central and Eastern European countries radically reformed their pension systems. The rising optimism initiates many studies where the advantages of the reforms were in the focus. The global financial crisis negatively affects the reformed pension systems. As a response, the policy makers in a few of those countries decided to set up different measures: increasing or reducing the pension contribution for alleviating the fiscal deficit or encouraging the employment, adapting the contribution rate and allowing individuals to switch back to the old system. These last changes in the pension systems have triggered the following question: How much and in which way the implementation and experiences gained with the functioning of the reform pension system will have impact in the future pension adequacy and sustainability of the pension system? [ABSTRACT FROM AUTHOR]
- Subjects :
- PENSION reform
FINANCIAL crises
SUSTAINABILITY
ECONOMICS
OPTIMISM
BUDGET deficits
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Papers from the 7th Annual Conference on European Integration: Europe 2020: Towards Innovative & Inclusive Union
- Publication Type :
- Conference
- Accession number :
- 102211348