The Political Economy of the Reform

Charles M. Becker, Grigori A. Marchenko, Sabit Khakimzhanov (), Ai-Gul S. Seitenova and Vladimir Ivliev

Chapter 3 in Social Security Reform in Transition Economies, 2009, pp 27-58 from Palgrave Macmillan

Abstract: Abstract The first steps to reform Kazakhstan’s pension system were actually taken before the USSR’s collapse. Following discussion in the late 1980s, the Soviet government enacted new pension legislation in 1990 in order to establish the USSR Pension Fund and its republican branches.1 The USSR Pension Fund was funded by contributions from enterprises and organizations and was established as an independent “financial-banking system:’ The separation of the pension system from the state budget that the act represented was a step toward more explicit recognition of pension liabilities of the state. While the 1990 legislation can be seen as an initial step toward a funded system, the USSR Pension Fund continued to operate on PAYGO principles.

Keywords: Pension Fund; Transition Economy; Pension System; Pension Plan; Asian Development Bank (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-61802-2_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230618022

DOI: 10.1057/9780230618022_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().