A Crisis of Longer Life: Reforming Pension Systems
- 1 April 1999
- journal article
- Published by Cambridge University Press (CUP) in British Actuarial Journal
- Vol. 5 (1) , 55-113
- https://doi.org/10.1017/s1357321700000404
Abstract
Social security pension schemes around the world are facing a number of problems, of which demographic ageing is the most commonly discussed. This paper provides an overview of expected future demographic developments in European Union and some other OECD countries, and evaluates some of the range of solutions which have been, or are being, considered to address this and other problems facing social security in the late 1990s, drawing on examples from OECD countries, from Latin America and from central and eastern Europe. Consideration is given to the possibilities for increasing the level of funding in social security pension schemes or developing funded complementary pension schemes.Keywords
This publication has 12 references indexed in Scilit:
- Social SecurityNorth American Actuarial Journal, 1998
- Social security for the twenty‐first centuryInternational Social Security Review, 1998
- Pensions in the European Union: Adapting to Economic and Social ChangesInternational Social Security Review, 1998
- The Recent Trend of Mortality in the United KingdomBritish Actuarial Journal, 1996
- Developments in Social Security and Pensions World-WideBritish Actuarial Journal, 1996
- Ageing Populations, Pension Systems and Government BudgetsPublished by Organisation for Economic Co-Operation and Development (OECD) ,1996
- Aging Populations and Public Pension SchemesPublished by International Monetary Fund (IMF) ,1996
- Financial management and control of supplementary pension schemesInternational Social Security Review, 1995
- Chile and beyond: The second‐generation pension reforms in Latin AmericaInternational Social Security Review, 1995
- A risky strategy: Reflections on the World Bank Report Averting the old age crisisInternational Social Security Review, 1995