Publication:
Mongolia Policy Options for Pension Reform

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dc.contributor.authorWorld Bank
dc.date.accessioned2014-08-19T20:37:25Z
dc.date.available2014-08-19T20:37:25Z
dc.date.issued2011-01-20
dc.description.abstractThis report was prepared in response to a request by the Mongolian authorities for an evaluation of the Mongolian pension system and policy reform options. The report identifies a number of design weaknesses in the current pension insurance scheme and needs for reform in response to changes in the Mongolian economy. The summary of this report provides a brief synopsis for key policymakers of the rationale for reform and policy options considered. The main text responds to requests by the Mongolian authorities for the Bank's assessment. It considers the design architecture and parameters of the pension insurance scheme, the design of non- contributory elderly social assistance, pension provisions for herders and the rationale and design options for a pension reserve fund. The appendices provide more detailed analysis for technical staff including current pension insurance parameters; needs and policy options for herders and other informal sector workers; options for establishing a pension reserve fund; and elaboration of the actuarial modeling methodology employed, key assumptions and parameters, and detailed findings. Mongolia's economy, labor market and fiscal position are undergoing rapid changes as a result of growth in the mining sector. These changes present both challenges and opportunities for reform in pension provisions.en
dc.identifierhttp://documents.worldbank.org/curated/en/2011/01/16662950/mongolia-policy-options-pension-reform
dc.identifier.doi10.1596/19460
dc.identifier.urihttps://hdl.handle.net/10986/19460
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCRUAL RATE
dc.subjectACTUARIAL MODELING
dc.subjectAGING POPULATION
dc.subjectANNUITY
dc.subjectANNUITY FACTOR
dc.subjectANNUITY FACTORS
dc.subjectASSET MANAGERS
dc.subjectAVERAGE BENEFIT
dc.subjectAVERAGE WAGE GROWTH
dc.subjectBANKRUPTCY
dc.subjectBENEFIT ADJUSTMENTS
dc.subjectBENEFIT FORMULA
dc.subjectBENEFIT FORMULAS
dc.subjectBENEFIT INDEXATION
dc.subjectBENEFIT LEVEL
dc.subjectBENEFIT LEVELS
dc.subjectCAPITAL MARKETS
dc.subjectCASH TRANSFERS
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICE
dc.subjectCOMPENSATION
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMER PRICE INFLATION
dc.subjectCONTRIBUTION RATE
dc.subjectCONTRIBUTION RATES
dc.subjectCREDIBILITY
dc.subjectCREDIT GROWTH
dc.subjectDEBT
dc.subjectDEFICITS
dc.subjectDEFINED BENEFIT
dc.subjectDEFINED BENEFIT SCHEME
dc.subjectDEFINED CONTRIBUTION PENSION
dc.subjectDEFINED CONTRIBUTIONS
dc.subjectDEFINED-BENEFIT SCHEME
dc.subjectDEMOGRAPHIC
dc.subjectDEPENDENCY RATIO
dc.subjectDEPENDENCY RATIOS
dc.subjectDEVELOPMENT BANK
dc.subjectDISABILITY
dc.subjectDISABILITY PENSION
dc.subjectDISABILITY PENSIONS
dc.subjectDISBURSEMENTS
dc.subjectDOMESTIC FINANCIAL MARKETS
dc.subjectECONOMIC CRISES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC VOLATILITY
dc.subjectELDERLY
dc.subjectEMPLOYEE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPOSURE
dc.subjectFEMALE
dc.subjectFEMALES
dc.subjectFERTILITY
dc.subjectFERTILITY RATES
dc.subjectFINANCES
dc.subjectFINANCIAL INTERMEDIARY
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL RISKS
dc.subjectFISCAL BURDEN
dc.subjectFUNDED ACCOUNTS
dc.subjectFUTURE OBLIGATIONS
dc.subjectFUTURE PENSION
dc.subjectGENDER
dc.subjectGOVERNMENT SUBSIDY
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGUARANTEED BENEFIT
dc.subjectHOME
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD INCOMES
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVEL
dc.subjectINCOME SECURITY
dc.subjectINCOME TAX
dc.subjectINCOME TAXES
dc.subjectINDIVIDUAL ACCOUNT
dc.subjectINDIVIDUAL ACCOUNTS
dc.subjectINEQUALITY
dc.subjectINFORMAL ECONOMY
dc.subjectINFORMAL SECTOR
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL REFORM
dc.subjectINSTRUMENT
dc.subjectINSURANCE PENSION
dc.subjectINSURANCE PRODUCTS
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL MARKETS
dc.subjectINVESTMENT MANAGEMENT
dc.subjectINVESTMENT POLICIES
dc.subjectINVESTMENT RETURNS
dc.subjectINVESTMENT RISKS
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLIFE EXPECTANCY
dc.subjectLIVING STANDARD
dc.subjectMACROECONOMIC POLICIES
dc.subjectMANDATORY SCHEME
dc.subjectMARKET ECONOMY
dc.subjectMARKET VOLATILITY
dc.subjectMINIMUM BENEFIT
dc.subjectMINIMUM INCOME
dc.subjectMONETARY FUND
dc.subjectNATIONAL PENSION
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNORMAL RETIREMENT AGE
dc.subjectNOTIONAL ACCOUNT
dc.subjectNOTIONAL ACCOUNTS
dc.subjectOLD-AGE INCOME
dc.subjectOLD-AGE PENSION
dc.subjectOLD-AGE PENSIONS
dc.subjectOUTPUT
dc.subjectOUTPUTS
dc.subjectPAYROLL TAXES
dc.subjectPENSION
dc.subjectPENSION ADMINISTRATION
dc.subjectPENSION ARRANGEMENTS
dc.subjectPENSION AT RETIREMENT
dc.subjectPENSION BENEFICIARIES
dc.subjectPENSION BENEFIT
dc.subjectPENSION BENEFITS
dc.subjectPENSION COSTS
dc.subjectPENSION INCOME
dc.subjectPENSION INSURANCE
dc.subjectPENSION INSURANCE FUND
dc.subjectPENSION INSURANCE SYSTEM
dc.subjectPENSION LIABILITIES
dc.subjectPENSION POLICIES
dc.subjectPENSION PROGRAM
dc.subjectPENSION PROVISION
dc.subjectPENSION PROVISIONS
dc.subjectPENSION REFORM
dc.subjectPENSION RESERVE
dc.subjectPENSION SAVINGS
dc.subjectPENSION SCHEME
dc.subjectPENSION SYSTEM
dc.subjectPENSION SYSTEM PARAMETERS
dc.subjectPENSION SYSTEMS
dc.subjectPENSIONERS
dc.subjectPENSIONS
dc.subjectPERSONAL INCOME
dc.subjectPERSONAL PENSION
dc.subjectPERSONAL TAX RATE
dc.subjectPOLITICAL RISKS
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INVESTMENT
dc.subjectPREGNANCY
dc.subjectPRICE GROWTH
dc.subjectPRICE INDEXATION
dc.subjectPRISONERS
dc.subjectRAPID GROWTH
dc.subjectRATE OF GROWTH
dc.subjectRATE OF RETURN
dc.subjectREFORM PROGRAM
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY INFRASTRUCTURE
dc.subjectREPLACEMENT RATE
dc.subjectREPLACEMENT RATES
dc.subjectRESERVE FUND
dc.subjectRESERVES
dc.subjectRETIREE
dc.subjectRETIREES
dc.subjectRETIREMENT
dc.subjectRETIREMENT AGES
dc.subjectRETIREMENT BENEFIT
dc.subjectRETIREMENT BENEFITS
dc.subjectRETIREMENT INCOME
dc.subjectRETIREMENT INCOMES
dc.subjectRETIREMENT SAVINGS
dc.subjectSAVINGS SCHEMES
dc.subjectSECURITIES
dc.subjectSOCIAL ASSISTANCE
dc.subjectSOCIAL INSURANCE
dc.subjectSOCIAL INSURANCE BENEFIT
dc.subjectSOCIAL INSURANCE BENEFITS
dc.subjectSOCIAL INSURANCE CONTRIBUTION
dc.subjectSOCIAL INSURANCE CONTRIBUTIONS
dc.subjectSOCIAL INSURANCE FUND
dc.subjectSOCIAL INSURANCE PROGRAMS
dc.subjectSOCIAL INSURANCE SYSTEM
dc.subjectSOCIAL INSURANCE SYSTEMS
dc.subjectSOCIAL PENSION
dc.subjectSOCIAL PENSIONS
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL SECURITY BENEFITS
dc.subjectSOCIAL WELFARE
dc.subjectSUPERVISORY FRAMEWORK
dc.subjectSUPPLEMENTARY PENSION
dc.subjectSUPPLEMENTARY SCHEME
dc.subjectSUSTAINABILITY ANALYSIS
dc.subjectTAX
dc.subjectTAX BENEFIT
dc.subjectTAX RATE
dc.subjectTAX TREATMENT
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRADE UNIONS
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTRUST FUND
dc.subjectUNEMPLOYMENT INSURANCE
dc.subjectUNEMPLOYMENT INSURANCE FUND
dc.subjectUNEMPLOYMENT RATES
dc.subjectVALUATIONS
dc.subjectVOLUNTARY PENSION
dc.subjectVOLUNTARY PENSIONS
dc.subjectWAGE GROWTH
dc.subjectWILL
dc.subjectWITHDRAWAL
dc.subjectWOMAN
dc.subjectWORKER CONTRIBUTION
dc.titleMongolia Policy Options for Pension Reformen
dspace.entity.typePublication
okr.crosscuttingsolutionareaGender
okr.date.disclosure2012-08-30
okr.date.doiregistration2025-05-07T10:53:52.974767Z
okr.doctypeEconomic & Sector Work::Policy Note
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2011/01/16662950/mongolia-policy-options-pension-reform
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid441131468275063655
okr.guid750651468286290848
okr.identifier.externaldocumentum000356161_20120831010723
okr.identifier.internaldocumentum16662950
okr.identifier.report68526
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/08/31/000356161_20120831010723/Rendered/PDF/685260ESW0P12600No.685260MN0English.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryMongolia
okr.sectorNon-compulsory pensions and insurance
okr.sectorFinance
okr.themeSocial protection and risk management :: Social risk mitigation
okr.topicPensions and Retirement Systems
okr.topicGender::Gender and Law
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicState Owned Enterprise Reform
okr.topicSocial Protections and Labor
okr.topicPublic Sector Development
okr.unitSocial Protection Unit (EASHS)
okr.volume1 of 1
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