World Bank2014-07-172014-07-172009-06-30https://hdl.handle.net/10986/18892This report was prepared at the request of the Government of Niger to: (i) provide a comprehensive assessment of the Nigerien pension system, (ii) analyze current reform initiatives and recommend possible refinements and alternatives, and (iii) examine implementation challenges. To this end, the report develops a set of general guidelines to assess reform options in terms the adequacy of benefits, security, financial sustainability, redistribution, incentives, and administrative efficiency. The core of the report is organized in three chapters. After providing a summary of the background (chapter one), chapter two develops the policy framework and updates the assessment of the mandatory pension systems. The assessment looks at the financial situation of the schemes but also discusses other problems that had been previously overlooked in terms of the adequacy of benefits; the type of redistribution; as well as issues related to incentives. Chapter three reviews Government ongoing reform initiatives, summarizes the international experiences that are relevant to Niger, and, presents recommendations to strengthen current policies by outlining the components of a multi-year reform program, and developing a road map towards implementation.en-USCC BY 3.0 IGOACCESS TO INFORMATIONACCOUNTINGACCRUAL RATEACCRUAL RATESADMINISTRATIVE COSTADMINISTRATIVE COSTSADMINISTRATIVE SUPPORTARREARSAVERAGE EARNINGSAVERAGE PENSIONAVERAGE WAGEBALANCE SHEETBANK ACCOUNTBANKSBENEFICIARIESBENEFIT FORMULABENEFIT FORMULASBENEFIT PAYMENTSCALCULATIONCALCULATIONSCAPACITY BUILDINGCAPITAL MARKETSCONSUMERCONSUMER PRICE INDEXCONTINGENT LIABILITIESCONTRIBUTIONCONTRIBUTION RATECONTRIBUTION RATESCONTRIBUTIONSCREDIBILITYCREDITORCURRENT PENSIONDEFICITSDEFINED BENEFITDEFINED BENEFIT PENSIONDEFINED BENEFIT PENSIONSDEFINED BENEFIT SCHEMESDEMOGRAPHICDEPENDENCY RATIODEPENDENCY RATIOSDEPOSITDEPOSITSDISABILITYDISABILITY PENSIONDISABILITY PENSIONSDIVERSIFICATIONEARLY RETIREMENTEARNINGSECONOMIC CONDITIONSECONOMIC EFFICIENCYEFFICIENT INVESTMENTELDERLYEMPLOYEEEMPLOYMENTEXPENDITUREFAMILY ALLOWANCEFAMILY ALLOWANCESFINANCESFINANCIAL PROBLEMFINANCIAL PROBLEMSFINANCIAL SECTORFINANCIAL SITUATIONFINANCIAL SUPPORTFINANCIAL SUSTAINABILITYFISCAL PROBLEMFULL-CAREER WORKERSFUTURE PENSIONFUTURE PENSIONSGENERAL POPULATIONGOVERNMENT BUDGETGROSS WAGEGROWTH RATEHUMAN DEVELOPMENTHUMAN RESOURCEHUMAN RESOURCESIMPLICIT INTERESTINCOMEINCOME FLOWSINCOME LEVELINCOME LEVELSINCOME REPLACEMENTINCOMESINFLATIONINFLATION TARGETINFORMAL SECTORINFORMAL SECTORSINFORMATION SYSTEMINFORMATION SYSTEMSINFORMATION TECHNOLOGIESINFORMATION TECHNOLOGYINSTITUTIONAL CAPACITIESINSTITUTIONAL CAPACITYINSURANCEINTEREST RATEINTERNATIONAL STANDARDSINVESTMENT POLICIESINVESTMENT PORTFOLIOINVESTMENT PROCESSINVESTMENT STRATEGIESLABOR FORCELABOR MARKETLABOR MARKETSLABOR PRODUCTIVITYLAYOFFSLIFE EXPECTANCYLOW INCOMELOW-INCOMELOW-INCOME COUNTRYLOW-INCOME WORKERSMANDATORY PENSION FUNDMANDATORY SCHEMESMINIMUM PENSIONMINIMUM PENSIONSMORTALITYNATIONAL PENSIONNEGOTIABLE INSTRUMENTSNET WAGENET WAGESOLD-AGE INCOMEOLD-AGE PENSIONOLD-AGE PENSIONSOPPORTUNITY COSTSORGANIZATIONAL STRUCTUREOUTPUTPAYROLL TAXPAYROLL TAXESPENSIONPENSION CONTRIBUTIONSPENSION COVERAGEPENSION EXPENDITUREPENSION EXPENDITURESPENSION FUNDPENSION FUNDSPENSION LIABILITIESPENSION PAYMENTSPENSION PLANPENSION PLANSPENSION REFORMPENSION RIGHTSPENSION SCHEMESPENSION SYSTEMPENSION SYSTEM REFORMPENSION SYSTEMSPENSIONERPENSIONSPENSIONS SYSTEMSPOVERTY RATESPRICE INDEXPRODUCTIVITYPUBLIC EXPENDITURESPUBLIC GOODSPUBLIC PENSIONPUBLIC PENSION SCHEMEPUBLIC SYSTEMPURCHASING POWERREAL ESTATEREAL ESTATE INVESTORRECORD KEEPINGRECURRENT EXPENDITURESREFORM PROGRAMREFORM PROGRAMSREPLACEMENT RATEREPLACEMENT RATESRESERVESRESPONSIBILITIESRETIREDRETIRED WORKERSRETIREESRETIREMENTRETIREMENT AGERETIREMENT AGESRETIREMENT INCOMERETURNRETURN ON CONTRIBUTIONRETURN ON CONTRIBUTIONSRETURNSRISK MANAGEMENT SYSTEMSALARIESSALARYSAVINGSSAVINGS CAPACITYSAVINGS FOR RETIREMENTSECURITY STANDARDSSERVANTSSETTLEMENTSOCIAL COSTSOCIAL DEVELOPMENTSOCIAL INVESTMENTSOCIAL PENSIONSSOCIAL PROTECTIONSOCIAL RISKSOCIAL RISK MANAGEMENTSOCIAL SECURITYSOCIAL SECURITY CONTRIBUTIONSOCIAL SECURITY CONTRIBUTIONSSOCIAL SECURITY REFORMSOCIAL SECURITY SYSTEMSTAKEHOLDERSSTRUCTURAL PROBLEMSSURVIVORS PENSIONSTAXTECHNICAL ASSISTANCETRANSPARENCYTREASURYTREASURY BILLSUNSKILLED LABORUNSKILLED WORKERSVALUABLEVALUE OF PENSIONSVOLUNTARY PENSIONWAGEWAGE GROWTHWAGESYOUNG PEOPLE10.1596/18892