Overview

Pension reform is a key issue on the policy agenda in many countries, given the fiscal, economic and social implications of population ageing. This publication examines the practical lessons of public pension reforms over the past decade in Central and Eastern Europe, and how they compare with reforms in other OECD member countries. Countries covered include the Czech Republic, Poland, Hungary, the Slovak Republic, Slovenia, Latvia, the Russian Federation and Lithuania, as well as Germany, Italy and the Netherlands. Aspects discussed include: problems of poverty in old age; the imbalance between time spent in work and in retirement; the appropriate mix of different forms of retirement income provisions; labour market implications of different approaches to financing pensions; and the potential complexities of meeting short-term and long-term policy objectives.

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