Publication: Keeping the Promise of Old Age Income Security in Latin America
Date
2004-09
ISSN
Published
2004-09
Author(s)
Abstract
Many Latin American governments have
radically restructured their old age income security
systems, starting with Chile's 1981 pension reform. The
reforms move national pension system from purely social to
largely individual responsibility; from risk pooling to
individual savings accounts. They maintain reduced public
risk pooling features, combined with mandatory and voluntary
individual private savings to finance pensions and diversify
the risks to adequate income in old age-the multi-pillar approach.
Citation
“Gill, Indermit S.; Packard, Truman G.; Yermo, Juan; Pugatch, Todd. 2004. Keeping the Promise of Old Age Income Security in Latin America. en breve; No. 53. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/75f515e3-322f-54d4-aaa0-b8a5aeea51be License: CC BY 3.0 IGO.”