Reversing pension privatization rebuilding public pension systems in Eastern Europe and Latin American countries (2000-18)

Isabel Ortiz, Fabio. Durán Valverde, Stefan. Urban, Veronika. Wodsak and Zhiming. Yu

ILO Working Papers from International Labour Organization

Abstract: From 1981 to 2014, thirty countries privatized fully or partially their public mandatory pensions; as of 2018, eighteen countries have reversed the privatization. This report: (i) analyses the failure of mandatory private pensions to improve old-age income security and their underperformance in terms of coverage, benefits, administrative costs, transition costs, social and fiscal impacts, and others; (ii) documents the reversals of pension privatization, the laws, governance, new entitlements, financing and contribution rates of the new public pension systems; (iii) provides guidance on the key policy steps to reverse pension privatization, for those countries considering returning back to a public system.

Keywords: pension scheme; social protection. (search for similar items in EconPapers)
Pages: 58 p.) pages
Date: 2018
New Economics Papers: this item is included in nep-age and nep-eec
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Citations: View citations in EconPapers (3)

Published in ESS – working paper series

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Persistent link: https://EconPapers.repec.org/RePEc:ilo:ilowps:995005393302676

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