Pension Reform in the New EU Member States (original) (raw)

Pension reforms in European countries

2015

Very different types of pension systems do exist in European countries. These pension systems have been elaborated fully after 1945. During the last twenty years, the various pension systems have been revised, reformed and changed in various ways. The research

Analysis of Pension Reforms in EU Member States

Annals of the University of Petrosani: Economics, 2012

The demographic situation in the European Union is changing. Demographic trends have a significant impact on social policies in each state and in particular on social security pensions. By 2050, the number of young active population will decrease dramatically. Meanwhile, the older population will triple. And so, the pension expenditure will increase and regarding this many countries reform they pension systems. Pension systems in the European Union are very different, due to the fact, that there is a tradition regarding the way that pensions are granted and the various phases of the reform process.

Pension system reforms in the EU15 countries

Econometric Reviews, 2009

The article gives an overview of pension system reforms that have been carried out in the EU15 since the beginning of the 1990s. It first of all briefly describes the main common features that the pension systems share and the basic differences that set them apart within this group of countries, all of which are confronted with the ageing problem and its social and fiscal implications. The paper then presents the main types of reform that have been implemented. Major structural reforms have only been made in a few countries, while the values of the parameters used for calculating pension rights have been revised and reforms made to public sector workers’ pension schemes practically everywhere. The way in which the reforms have been carried out in the countries that seemed to offer interesting case studies – Germany, the Netherlands, France, Sweden, Italy and Austria – is also examined. Following these reforms, several countries seem to have managed to contain the growth of their exp...

Pension Reform in Southeastern Europe

2008

Main Pension System Parameters, Republic of Srpska Contents xix The papers and country statements in this volume were prepared for the conference "International Forum on Pension Reform: Exploring the Link to Labor and Financial Market Reforms," held in Bled, Slovenia, June 7-9, 2007. The contributions have since been revised and updated. The conference was an initiative of the Center of Excellence in Finance (CEF) and was organized in close cooperation with Robert Holzmann of the World Bank and with Slovenian experts. Among the more than 140 presenters and participants were senior government officials from ministries of finance, ministries of labor and social affairs, and central banks in Southeastern Europe who presented country statements on vision and progress in pension, labor, and financial sector reforms. Other invited experts explored the reform needs of pension systems, labor markets, and financial markets and exchanged country-specific experiences. Pension reform is at the center of public debate in many countries around the world. Given the importance of its social and macroeconomic implications, it confronts policy makers, practitioners, and academia with challenging questions. The diverse reform needs of pension systems in aging societies, which are further stressed by the pressures of globalization, require parallel Preface xxi xxii Preface the conference and in the preparation of this volume. Neither would have come about without his valuable inputs. Among Slovenian contributing experts, we especially thank Dušan Kidrič from the Institute of Macroeconomic Analysis and Development, Gonzalo Caprirolo from the Ministry of Finance, and Damjan Kozamernik from the Bank of Slovenia for their advice on preparation of the conference. We extend our thanks to the panelists from ministries of finance, central banks, and ministries of labor in the CEF member countries who accepted the invitation to share their valuable views with others. We are also grateful to the presenters, supported by their institutions, who shared their views and country cases with the conference. Most of the panelists and presenters responded to our request to submit written statements and background papers for this publication in order to add to the research work on the topic of pension reform combined with labor market and financial market reform. We are grateful to Landis MacKellar of the International Institute for Applied Systems Analysis (IIASA), Vienna, who transformed these statements and background papers into a manuscript. Book design, editing, and production were coordinated by the World Bank's Office of the Publisher. Nancy Levine edited the manuscript.

Pension Reform in Europe

2003

The findings, interpretations, and conclusions expressed herein are those of the author(s) and do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.

Pension reforms in EU11 countries: An evaluation of post-socialist pension policies

International Social Security Review, 2017

This article evaluates the pension policy pathways of the 11 former state socialist nations that have joined the European Union since 2004. Focusing primarily on the post-2004 period, the analysis discusses the most important measurable outcomes of these countries' pension reforms, in terms of poverty alleviation, pension adequacy and fiscal sustainability. Going beyond the quantifiable concepts, we also investigate the quality of the 11 countries' pension systems in terms of equity as well as efficiency, emphasizing the less conspicuous design errors present in these systems. Although these errors have received little attention to date, they may harm pension schemes along several dimensions, including their fiscal sustainability.

Pension System in Southern European Countries – Challenges and Opportunities

This paper reviews the pension systems of Portugal and explores comparative analysis with other Southern European (SE) countries and tries to show responses to the new political and economic realities in recent years. According to a review of pension systems in SE countries, this paper summarizes and highlights the main features and trajectories of the development of social security systems in four countries (Portugal, Italy, Greece, and Spain) that are dealing with the challenges of these systems. It also examines the deeper challenges for the future that are posed by demographics and suggests some emerging proposals with respect to the architecture of reformed systems. Comparative analysis of this region the challenges still remain unchangeable last decades. According to crucial issues raised in the pension system of SE, to the respond of these challenges the author is forming several approaches with recommendations and proposals for solving the problem in pension system. This pap...