World Bank2012-08-132012-08-132010-11https://hdl.handle.net/10986/11074Today's pension policies can affect retirement incomes and the public finances for decades to come. Retirement income systems that are affordable today, will often prove unsustainable in the future, given the twin pressures of demographic aging and the maturing of pension schemes. The World Bank's pension reform options simulation toolkit (PROST) models pension contributions, entitlements, system revenues, and system expenditures over a long time frame. The model is designed to promote informed policymaking, bridging the gap between quantitative and qualitative analysis of pension regimes. It is a flexible, computer-based toolkit, easily adapted to wide range of countries' circumstances.CC BY 3.0 IGOBABYBENEFICIARIESBENEFIT LEVELSBONDSCASH BALANCESCLIENT COUNTRIESCONTRIBUTION RATECONTRIBUTION RATESDEMOGRAPHICDEPENDENCY RATIODEPENDENCY RATIOSECONOMIC GROWTHELDERLYEXPENDITUREEXPENDITURESEXPOSUREFERTILITYFEWER CHILDRENFINANCIAL FLOWSFISCAL DEFICITGENDERHUMAN DEVELOPMENTIMPLICIT PENSION DEBTINCOME LEVELSINTEREST RATESLABOR FORCELABOR FORCE PARTICIPATIONLABOR MARKETLIFE EXPECTANCYLONG-TERM PROJECTIONSMARKET ENTRYMINORITYMORTALITYNOTIONAL ACCOUNTSNUMBER OF PEOPLENUMBER OF WOMENOUTPUTOUTPUTSPAY-AS-YOU-GO PENSION SYSTEMSPAY-AS-YOU-GO SYSTEMSPAYROLL TAXPENSIONPENSION BENEFITPENSION BENEFITSPENSION CONTRIBUTIONSPENSION DEBTPENSION ENTITLEMENTSPENSION LIABILITIESPENSION MODELINGPENSION POLICIESPENSION PROGRAMSPENSION REFORMPENSION REGIMESPENSION RIGHTSPENSION SCHEMEPENSION SCHEMESPENSION SYSTEMPENSIONABLE AGESPENSIONERSPENSIONSPOLICY MAKERSPOPULATION PROJECTIONSPROVIDENT FUNDPUBLIC FINANCESQUALITY IMPROVEMENTREFORM PROGRAMREPLACEMENT RATERETIREESRETIREMENTRETIREMENT AGERETIREMENT INCOMERETIREMENT INCOME SYSTEMSRETIREMENT INCOMESRETIREMENT SAVINGSRETIREMENT SAVINGS ACCOUNTSRETURNSSEXSOCIAL PROTECTIONSOCIAL SECURITYSTOCKSUNEMPLOYMENTUNEMPLOYMENT RATESWAGE GROWTHWILLWorld Bank10.1596/11074