Publication:
West Bank and Gaza Public Expenditure Review - The Palestinian Pension System: A Roadmap for an Unfinished Reform

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-09-18T11:56:54Z
dc.date.available2023-09-18T11:56:54Z
dc.date.issued2023-09-18
dc.description.abstractThis work builds on the Public Expenditure Review (PER) analysis of the pension system conducted in 2016 but also brings important innovations. It updates the financial analysis conducted then and offers new policy recommendations, with the key objective of improving the affordability of the pension system, subject to benefit adequacy. The principal difference of this work is in the adopted approach, which looks at the pension system holistically and offers advice from the angle of rationalizing the overall public expenditure policy in pensions, rather than working with each pension scheme individually. In doing so, it takes a forward-looking approach and minimizes the dependency path of the convoluted legacy system. The work also incorporates a component that looks at the Palestinian Pension Agency’s (PPA) administrative systems using a new Bank tool – Social Insurance Administrative Diagnostic (SIAD). The findings reveal a system with unfinished reforms and call for a comprehensive restructuring of the pension financing arrangements, along with a change of the construct of the system. This work is largely diagnostic in nature, offering high level policy recommendations and suggesting a comprehensive follow up analysis. While presenting a status quo analysis and illustrating effects of several parametric adjustments, the main set of recommendations is centered around the structural adjustments and financial restructuring in the public sector pension scheme, which would require a round of follow up work, elaborating and modeling various reform cases, including careful fine-tuning of the transitional provisions.en
dc.identifierhttp://documents.worldbank.org/curated/en/099060223183042682/P17956406a803d070bd630b03ce3fb2d82
dc.identifier.doi10.1596/40360
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40360
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectPER
dc.subjectPENSION SYSTEM
dc.subjectPALESTINIAN PENSION AGENCY
dc.subjectSOCIAL INSURANCE ADMINISTRATIVE DIAGNOSTIC
dc.subjectSIAD
dc.titleWest Bank and Gaza Public Expenditure Review - The Palestinian Pension Systemen
dc.title.subtitleA Roadmap for an Unfinished Reformen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleWest Bank and Gaza Public Expenditure Review - The Palestinian Pension System: A Roadmap for an Unfinished Reform
okr.date.disclosure2023-09-18
okr.date.lastmodified2023-09-13T00:00:00Zen
okr.doctypePublic Expenditure Review
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099060223183042682/P17956406a803d070bd630b03ce3fb2d82
okr.guid099060223183042682
okr.identifier.docmidP179564-6a803d79-9d5c-4337-bd63-b03ce3fb2d82
okr.identifier.doihttp://dx.doi.org/10.1596/40360
okr.identifier.externaldocumentum34074679
okr.identifier.internaldocumentum34074679
okr.identifier.report182514
okr.import.id1797
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099060223183042682/pdf/P17956406a803d070bd630b03ce3fb2d82.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryWest Bank and Gaza
okr.sectorCentral Government (Central Agencies)
okr.themePublic Expenditure Policy,Economic Policy,Social Protection,Social Development and Protection,Fiscal Policy,Social Insurance and Pensions
okr.topicSocial Protections and Labor::Pensions & Retirement Systems
okr.topicSocial Protections and Labor::Social Funds and Pensions
okr.unitEFI-MNA-MTI-MacroFiscal (EMNMT)
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