Tasas de reemplazo y la emisión de un bono previsional en el sistema de seguridad social uruguayo

Javier Illanes ()
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Javier Illanes: Banco Central del Uruguay

No 2013001, Documentos de trabajo from Banco Central del Uruguay

Abstract: This document estimates the replacement rates for the dual system of social security in Uruguay (DC, DB), allowing for differences in the level, density and time of contributions and the rate of return of the pension funds. The replacement rates of the dual system are higher than the previous system (DB) and this is consistent with the golden rule of social security for Uruguay. Taking into account the interest rate and inflation risks, it is designed an indexed provisional bond that hedges the future flow of payments ofthe pension funds and other social security government agencies.

Keywords: pension funds; income retirement; dual system of defined contribution (DC) and defined benefit (DB) for social security; fondos de pensiones; renta jubilatoria; sistema mixto previsional de aporte definido (DC) y beneficio definido (DB) (search for similar items in EconPapers)
JEL-codes: G22 G23 H24 H55 J11 J26 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2013
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