Publication: The Financial Crisis and Mandatory Pension Systems in Developing
Countries : Short-and Medium-Term Responses for Retirement Income Systems
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2008-12
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2008-12
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The international financial crisis has severely affected the value of pension fund assets worldwide. The unfolding global recession will also impose pressures on public pension schemes financed on a pay-as-you-go basis, while limiting the capacity of governments to mitigate both of theses effects. Governments are reacting to these events in different ways. Some are asking whether the balance between funded defined-contribution and unfunded pension schemes should be reconsidered. A few have already taken actions to reverse prior reforms. This note discusses the potential impacts of the financial crisis on fully funded and pay-as-you-go retirement-income systems in World Bank client countries, and identifies key short-and medium-term policy responses.
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“Dorfman, Mark; Hinz, Richard; Robalino, David. 2008. The Financial Crisis and Mandatory Pension Systems in Developing
Countries : Short-and Medium-Term Responses for Retirement Income Systems. World Bank Pension Reform Primer Series. © World Bank. http://hdl.handle.net/10986/11130 License: CC BY 3.0 IGO.”
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