A Fiscal Indicator for Assessing First and Second Pillar Pension Reforms
( IMF Staff Discussion Notes )
Publication series ： IMF Staff Discussion Notes
Author： Mauricio Soto Frank Eich Mr. Benedict J. Clements
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2011
E-ISBN: 9781616351335
P-ISBN(Paperback): 9781463926571
Subject： F249 the world economy of labour
Language： ENG
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Description
A number of countries have reversed pension reforms by redirecting contributions from private sector, defined contribution schemes back to public sector, pay as you go schemes. This has been motivated by the desire to improve headline fiscal indicators, and raises important issues regarding how pension reforms and reversals should be incorporated into the fiscal accounts and assessments of fiscal policy. The SDN addresses these issues and proposes how pension reforms can best be incorporated in assessments of long-term fiscal sustainability.