Pallares-Miralles, MontserratRomero, CarolinaWhitehouse, Edward2013-05-282013-05-282012-06https://hdl.handle.net/10986/13560This paper presents and explains cross country data for mandatory publicly and privately managed pension systems around the world. This report is organized into three parts corresponding to three broad types of indicators. These indicators relate to: (i) the relevant contextual factors referred to here as environment; (ii) pension system design parameters; and (iii) indicators of performance. Part one of the report provides some information on the environment in which the system operates, focusing on demographic and labor market conditions. Understanding the current and future path of demographic patterns, especially aging, will place the later section on performance into a clearer perspective. Part two on pension system design uses a standardized taxonomy to describe differences across countries. The data on system design are presented in two groups of indicators: (i) overall architecture of the system: pillars, schemes including civil servants and other special schemes, and (ii) operating parameters of the system, which includes two sub-groups: a) qualifying conditions: pension eligibility ages, and contribution history, and b) contribution rates, defined benefit (DB), and defined contribution (DC) schemes, and indexation. It should be noted that while many countries have more than one program providing retirement income benefits, unless otherwise indicated, most of the data refer only to the national scheme. Part three presents a set of performance indicators. The indicators included are core pension indicators that illustrate six key criteria of any pension scheme, namely: (i) coverage, (ii) adequacy, (iii) financial sustainability, (iv) economic efficiency (i.e., minimizing the distortions of the retirement?income system on individuals' behavior, such as labor supply and savings outside of pension plans), (v) administrative efficiency, and (vi)) security of benefits in the face of different risks and uncertainties.en-USCC BY 3.0 IGOACCRUAL RATEACCRUAL RATESADVANCED COUNTRIESAGE CATEGORIESAGE DISTRIBUTIONAGE GROUPANNUITYASYLUMAVERAGE WAGEAVERAGE WAGE GROWTHBANK ACCOUNTSBANK LENDINGBASIC PENSIONBASIC PENSIONSBENEFICIARIESBENEFICIARYBENEFIT FORMULAEBENEFIT FORMULASBENEFIT INDEXATIONCASH TRANSFERSCENTER FOR HEALTHCHANGE IN POPULATIONCHANGES IN FERTILITYCHILD REARINGCHILDBEARINGCITIZENSCITIZENSHIPCONTINUED EMPLOYMENTCONTRACTUAL SAVINGSCONTRIBUTION RATESCONTRIBUTION RECORDSCORESIDENCECOUNTRY OF ORIGINDEATH RATESDEFINED BENEFITDEFINED BENEFIT SCHEMESDEFINED CONTRIBUTION PENSIONSDEMOGRAPHICDEMOGRAPHIC CHANGESDEMOGRAPHIC PROJECTIONSDEMOGRAPHIC TRANSITIONDEPENDENCY RATIODEPENDENCY RATIOSDEVELOPING COUNTRIESDEVELOPING ECONOMIESDISABILITYDISTRIBUTION OF POPULATIONSDIVISION OF LABOREARLY RETIREMENTEARNINGECONOMIC GROWTHELDERLYELDERLY POPULATIONEMPLOYEEFAMILY POLICIESFERTILITYFERTILITY RATEFERTILITY RATESFINANCIAL CRISISFUNDED BASISGENDER DIFFERENCESGENDER GAPGEOGRAPHIC DISTRIBUTIONGOVERNMENT SPENDINGGROSS NATIONAL INCOMEGROSS REPLACEMENT RATESGROSS WAGESGROWTH RATEHUMAN RESOURCEINCOME GROUPINCOME LEVELINDIVIDUAL ACCOUNTINDIVIDUAL ACCOUNTSINFANTINFANT MORTALITYINFORMAL LABOR MARKETSINFORMAL SECTORINFORMAL SECTOR WORKERSINSURANCE POLICIESINTEREST RATEINTEREST RATESINTERNATIONAL LABOUR ORGANIZATIONINVESTMENT RISKINVOLUNTARY UNEMPLOYMENTLABOR FORCELABOR FORCE PARTICIPATIONLABOR MARKETLABOR MARKET CONDITIONSLABOR MARKET INDICATORSLABOR MARKETSLABOR SUPPLYLABOURLEGAL STATUSLIFE EXPECTANCIESLIFE EXPECTANCYLIFE INSURANCELIVE BIRTHSMANDATESMANDATORY SAVINGMANDATORY SYSTEMSMARKET CONDITIONSMARKET DATAMIGRANTSMIGRATIONMORTALITYMORTGAGESMULTIPILLAR PENSION SYSTEMSMULTIPILLAR SYSTEMSMUTUAL FUNDSNATIONAL LEVELNATIONAL PENSIONNEWBORNNORMAL RETIREMENT AGENUMBER OF CHILDRENNUMBER OF DEATHSNUMBER OF PEOPLENUMBER OF WORKERSOCCUPATIONOLD AGEOLDER PEOPLEOLDER WORKERSPAYROLL TAXPENSIONPENSION AGEPENSION BENEFITPENSION BENEFITSPENSION COVERAGEPENSION DEBTPENSION ENTITLEMENTPENSION EXPENDITUREPENSION EXPENDITURESPENSION FRAMEWORKPENSION INCOMEPENSION INDICATORSPENSION LIABILITIESPENSION LIABILITYPENSION PLANSPENSION POLICYPENSION PROGRAMSPENSION PROVISIONPENSION REFORMPENSION SAVINGSPENSION SCHEMEPENSION SCHEMESPENSION SPENDINGPENSION SYSTEMPENSION SYSTEMSPENSION WEALTHPENSIONABLE AGEPENSIONERSPENSIONSPERFORMANCE INDICATORSPOPULATION AGEINGPOPULATION CENSUSPOPULATION CENSUSESPOPULATION DATAPOPULATION DIVISIONPOPULATION FORECASTSPOPULATION PROJECTIONSPRESENT VALUEPREVIOUS SECTIONPRICE INDEXATIONPRIVATE INSTITUTIONSPRIVATE PENSIONPRIVATE SECTORPROGRESSPROVIDENT FUNDPROVIDENT FUNDSPUBLIC DEBTPUBLIC DEFICITPUBLIC PENSIONPUBLIC SCHEMEPUBLIC SECTOR EMPLOYEESPUBLIC SECTOR WORKERSPUBLIC SERVICEREFUGEESREPLACEMENT RATEREPLACEMENT RATESRESERVESRETIREESRETIREMENTRETIREMENT AGERETIREMENT AGESRETIREMENT BEHAVIORRETIREMENT INCOMERETIREMENT INCOME PROVISIONRETIREMENT INVESTMENTRETIREMENT-INCOMERURAL AREASRURAL POPULATIONSELF EMPLOYMENTSERVANTSSEXSOCIAL ASSISTANCESOCIAL INSURANCESOCIAL INSURANCE CONTRIBUTIONSOCIAL INSURANCE PROGRAMSSOCIAL PENSIONSSOCIAL PROGRAMSSOCIAL PROTECTIONSOCIAL SECURITYSOCIAL SECURITY REFORMSSOCIAL SECURITY SYSTEMSOCIAL SECURITY SYSTEMSTAX FINANCINGTECHNICAL ASSISTANCEUNEMPLOYEDUNEMPLOYMENTUNFUNDED PENSIONURBAN POPULATIONVOLUNTARY PENSIONSWAGE BILLWAGE LEVELWAGE LEVELSWOMANWORKERWORKFORCEWORLD DEVELOPMENT INDICATORSWORLD HEALTH ORGANIZATIONaging populationsWorld Bank10.1596/13560