Pension Reform in Central Asia: An Overview

Becker Charles M., Ai-Gul S., Seitenova and Urzhumova Dina S.

No 260, Discussion Paper from Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University

Abstract: Seven years ago, Kazakhstan embarked on a dramatic reform of its pension and social security system in order to move from a public defined benefit ("solidarity") system to one of defined mandatory contributions (accumulative system). At the same time, Kyrgyzstan embarked on a move to a notional defined contribution (NDC) system that has made little progress. Today, major reforms are being planned in both Uzbekistan and Tajikistan as well. This paper surveys the reforms that have taken place, discusses the planned reforms, and places them in the underlying fiscal and demographic contexts of the various countries in the region.

JEL-codes: G23 P35 J26 (search for similar items in EconPapers)
Date: 2005-03

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Persistent link: http://EconPapers.repec.org/RePEc:hit:piedp1:260

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