Reforming Retirement Income Systems
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Pension Reform and the Development of Pension Systems
Author | : Emily S. Andrews |
Publisher | : World Bank Publications |
Total Pages | : 198 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : 0821365525 |
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"Formal pension systems are an important means of reducing poverty among the aged. In recent years, however, pension reform has become a pressing matter, as demographic aging, poor administration, early retirement, and unaffordable benefits have strained pension balances and overall public finances. Pension systems have become a source of macroeconomic instability, a constraint to economic growth, and an ineffective and/or inequitable provider of retirement income."
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