Second-pillar pension re-reforms in Bulgaria, Croatia, Estonia, Latvia, Macedonia, Romania, and Slovakia benefit payouts amidst continuing retrenchment

Elaine. Fultz and Kenichi Hirose

ILO Working Papers from International Labour Organization

Abstract: Most analyses of Central and Eastern Europe’s (CEE) second-pension pillars focus on Hungary and Poland, the first CEE governments to establish such pillars (1997-1999) and the first to retrench them (2010-2011). However, as the regional front-runners in second-pillar creation and termination, Hungary and Poland differ in some important ways from other CEE countries that adopted this model. This paper concentrates on the other CEE second pillars, a majority of which have matured and begun to pay benefits, although only to small numbers of workers. For seven CEE countries, it describes these private benefits, compares them with public pensions and presents available evidence concerning their durability, adequacy and financing.

Keywords: pension; scheme (search for similar items in EconPapers)
Pages: 26 p.) pages
Date: 2018
New Economics Papers: this item is included in nep-age, nep-cis and nep-tra
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Published in ESS – working paper series

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Persistent link: https://EconPapers.repec.org/RePEc:ilo:ilowps:995005392402676

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