Download Full eBooks in PDF
Reforming Pensions In Zambia Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Reforming Pensions In Zambia book. This book definitely worth reading, it is an incredibly well-written.
Author : Monika Queisser,Clive Bailey,John Woodall
Publisher : World Bank Publications
Page : 36 pages
File Size : 48,6 Mb
Release : 1997
Category : Electronic
ISBN : 8210379456XXX
Author : Monika Queisser
Publisher : Unknown
Page : 128 pages
File Size : 41,7 Mb
Release : 1999
Category : Electronic
ISBN : OCLC:1096907111
January 1997 The design of new pension systems in African countries requires choices between defined benefit and defined contribution schemes, between funding or pay-as-you-go schemes, and between public and private management. But those choices are less important than the basic challenge of improving macroeconomic stability, regulatory capabilities, and the ability to extend coverage to citizens. All of Zambia's pension schemes are deficient in design, financing, and administration. This report urges that Zambia restructure its social protection system to complement its new economic strategy. That restructuring must address such basic problems as: - The macroeconomic fluctuations and an unstable financial sector that make effective pension fund management impossible. - High inflation rates (which erode the real value of reserves) and politically-motivated low-yield investments and loans. - Income ceilings that are regularly adjusted for inflation. - Overgenerous pension benefits for the public sector, intended to compensate for social hardship resulting from economic adjustment. - Inadequate management of pension fund operations. In the short and medium term, the objectives should be to settle outstanding pension claims, revise early retirement provisions and investment policies, and improve capabilities for administering statutory pension funds. In the long term the objectives should be to convert the Zambia National Provident Fund (ZNPF) into a modest basic pension scheme for private sector employees, and subsequently integrate civil servants and public sector employees into that scheme; establish regulatory provisions to develop and supervise private pension funds; and establish an administrative mechanism to review social protection policy and to supervise and coordinate its application by all agencies. This paper - a product of the Financial Sector Development Department - is part of a larger effort in the department to study pension systems and contractual savings.
Author : Monika Queisser
Publisher : Unknown
Page : 36 pages
File Size : 40,7 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290704613
The design of new pension systems in African countries requires choices between defined benefit and defined contribution schemes, between funding or pay-as-you-go schemes, and between public and private management. But those choices are less important than the basic challenge of improving macroeconomic stability, regulatory capabilities, and the ability to extend coverage to citizens.All of Zambia's pension schemes are deficient in design, financing, and administration. This report urges that Zambia restructure its social protection system to complement its new economic strategy. That restructuring must address such basic problems as:- The macroeconomic fluctuations and an unstable financial sector that make effective pension fund management impossible.- High inflation rates (which erode the real value of reserves) and politically-motivated low-yield investments and loans.- Income ceilings that are regularly adjusted for inflation.- Overgenerous pension benefits for the public sector, intended to compensate for social hardship resulting from economic adjustment.- Inadequate management of pension fund operations.In the short and medium term, the objectives should be to settle outstanding pension claims, revise early retirement provisions and investment policies, and improve capabilities for administering statutory pension funds.In the long term the objectives should be to convert the Zambia National Provident Fund (ZNPF) into a modest basic pension scheme for private sector employees, and subsequently integrate civil servants and public sector employees into that scheme; establish regulatory provisions to develop and supervise private pension funds; and establish an administrative mechanism to review social protection policy and to supervise and coordinate its application by all agencies.This paper - a product of the Financial Sector Development Department - is part of a larger effort in the department to study pension systems and contractual savings.
Author : Emily S. Andrews
Publisher : World Bank Publications
Page : 200 pages
File Size : 40,7 Mb
Release : 2006
Category : Business & Economics
ISBN : UCSC:32106018585809
This report analyzes the Bank's assistance to support pension reform to determine if the Bank's strategy was relevant and if it was followed. The evaluation assesses whether pension reform decisions reflected best practice guidelines at entry, and whether Bank-assisted reforms achieved their social, macroeconomic, and financial objectives. The report also evaluates the Bank's assistance in building institutional capacity, coordinating within the Bank, and cooperating with other international organizations. Finally, the evaluation summarizes these findings and presents specific recommendations for the future.
Author : Samuel Pienknagura,Christopher Evans
Publisher : International Monetary Fund
Page : 52 pages
File Size : 54,6 Mb
Release : 2021-09-10
Category : Business & Economics
ISBN : 9781513596112
Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.
Author : Robert Holzmann,Organisation for Economic Co-operation and Development
Publisher : Organisation for Economic Co-operation and Development ; Washington, D.C. : OECD Publications and Information Centre
Page : 164 pages
File Size : 46,9 Mb
Release : 1988
Category : Business & Economics
ISBN : UOM:39015062076917
Author : Tompson William
Publisher : OECD Publishing
Page : 501 pages
File Size : 50,7 Mb
Release : 2009-08-24
Category : Electronic
ISBN : 9789264073111
By looking at 20 reform efforts in ten OECD countries, this report examines why some reforms are implemented and other languish.
Author : OECD
Publisher : OECD Publishing
Page : 180 pages
File Size : 54,6 Mb
Release : 2019-11-27
Category : Electronic
ISBN : 9789264876101
The 2019 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, two special chapters focus on non-standard work and pensions in OECD countries, take stock of different approaches to organising pensions for non-standard workers in the OECD, discuss why non-standard work raises pension issues and suggest how pension settings could be improved.
Author : Mr. Alvar Kangur,Niki Kalavrezou,Mr. Daehaeng Kim
Publisher : International Monetary Fund
Page : 26 pages
File Size : 43,9 Mb
Release : 2021-07-16
Category : Business & Economics
ISBN : 9781513588841
The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015–17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms can go a long way towards enhancing the pension system affordability. However, reforms faced setbacks and fell short of creating stronger incentives to build long contribution histories, to deliver sustainable growth by improving the fiscal policy mix, and to ensure fairness and equitable burden sharing across generations and interest groups. Policy priorities should aim towards fully implementing the 2015–17 reforms and complementing them with additional reforms to address these remaining objectives.
Author : OECD
Publisher : OECD Publishing
Page : 234 pages
File Size : 40,7 Mb
Release : 2012-06-11
Category : Electronic
ISBN : 9789264169401
This edition looks at pension reform during the crisis and beyond, the design of automatic adjustment mechanisms, reversals of systemic pension reforms in Central and Eastern Europe, coverage of private pension systems and guarantees indefined contribution pension systems.
Author : OECD
Publisher : OECD Publishing
Page : 376 pages
File Size : 42,9 Mb
Release : 2015-12-01
Category : Electronic
ISBN : 9789264244443
The 10-year anniversary edition of Pensions at a Glance highlights the pension reforms undertaken by OECD and G20 countries over the last two years. Two special chapters provide deeper analysis of first-tier pension schemes and of the impact of short or interrupted careers, due to late entry ...
Author : OECD
Publisher : OECD Publishing
Page : 224 pages
File Size : 42,6 Mb
Release : 2021-12-08
Category : Electronic
ISBN : 9789264641334
The 2021 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the past two years. Moreover, the special chapter focuses on automatic adjustment mechanisms in pensions systems in OECD countries, discusses the usefulness and limitations of these policy instruments, and suggests ways to improve them in order to enhance the capacity of pension systems to fulfil their objectives.
Author : Kolaczkowski, James,Maher, Michelle,Stevens, Yves,Werbrouck, Jakob M.
Publisher : Edward Elgar Publishing
Page : 488 pages
File Size : 45,7 Mb
Release : 2022-01-18
Category : Law
ISBN : 9781800372986
Presenting the evolution of supplementary pensions over the past 25 years, this comprehensive book introduces the origin of pensions as a concept and explores the role that international organisations play within the field. It draws comparisons between different welfare states, reflecting upon current research and identifying new directions and ideas.
Author : Emily S. Andrews
Publisher : World Bank Publications
Page : 198 pages
File Size : 54,5 Mb
Release : 2006
Category : Business & Economics
ISBN : 9780821365526
"Formal pension systems are an important means of reducing poverty among the aged. In recent years, however, pension reform has become a pressing matter, as demographic aging, poor administration, early retirement, and unaffordable benefits have strained pension balances and overall public finances. Pension systems have become a source of macroeconomic instability, a constraint to economic growth, and an ineffective and/or inequitable provider of retirement income."
Author : Nicholas Barr,Peter Diamond
Publisher : Oxford University Press
Page : 763 pages
File Size : 50,6 Mb
Release : 2008-09-17
Category : Business & Economics
ISBN : 9780199885992
Mandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not consistent with three long-run trends: declining mortality, declining fertility, and earlier retirement. Many systems need reform. This book gives an extensive nontechnical explanation of the economics of pension design. The theoretical arguments have three elements: * Pension systems have multiple objectives--consumption smoothing, insurance, poverty relief, and redistribution. Good policy needs to bear them all in mind. * Good analysis should be framed in a second-best context-- simple economic models are a bad guide to policy design in a world with imperfect information and decision-making, incomplete markets and taxation. * Any choice of pension system has risk-sharing and distributional consequences, which the book recognizes explicitly. Barr and Diamond's analysis includes labor markets, capital markets, risk sharing, and gender and family, with comparison of PAYG and funded systems, recognizing that the suitable level of funding differs by country. Alongside the economic principles of good design, policy must also take account of a country's capacity to implement the system. Thus the theoretical analysis is complemented by discussion of implementation, and of experiences, both good and bad, in many countries, with particular attention to Chile and China.