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Social Protection System Review of Kyrgyzstan

Autor: Organización para la Cooperación y el Desarrollo Económico (OCDE)
Año: 2018
Resumen: The Review is the result of a collaboration between the OECD and senior government officials, researchers and civil society representatives in Kyrgyzstan. It has also received considerable support from development partners in the country. The recommendations it includes were jointly produced by the OECD and its many collaborators in this initiative. The Review is supported by the EU Social Protection Systems Programme, co-financed by the European Union, the OECD and the Government of Finland.

Fuente: Organización para la Cooperación y el Desarrollo Económico (OCDE)
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Informes
Idioma:

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Reformas del sistema de pensiones en Chile (1952-2008)

Autor: Hernán Vargas, Luis
Año: 2018
Resumen: El objetivo de este documento es revisar la historia de las reformas previsionales, desde una perspectiva analítica universalista, que han ocurrido en Chile desde 1924 hasta el debate que está aconteciendo en el país durante el primer semestre de 2017. De este modo, se hace una revisión de los debates políticos y técnicos que fundaron la Caja de Seguro Obrero (1924), su modificación por la creación del Servicio de Seguro Social y las variadas Cajas Previsionales que entregaron pensiones basadas en beneficios definidos con un financiamiento tripartito de reparto (1952). Posteriormente, se examina la reforma previsional de 1980 que suprimió el antiguo sistema de reparto y comenzó con una nueva institucionalidad e industria encargada de administrar las cuentas de capitalización individual. Finalmente, el documento hace un recorrido de las modificaciones coyunturales de los primeros gobiernos democráticos y de la Reforma Previsional que creó el Sistema de Pensiones Solidarias, promulgada por la presidenta Bachelet el 2008. Finalmente, a modo de epílogo, se presentan los principales ejes del debate previsional y la significancia del anuncio presidencial.

Fuente: Comisión Económica para América Latina (CEPAL)
Clasificación: Reformas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

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Designing Pension Systems with Coherent Funded Private Pillars Including Issues for Notional Defined Contribution Schemes

Autor: Price, William
Año: 2018
Resumen: This paper reviews the factors that should guide the design of private funded pensions to create a complete pension system alongside a notional defined contribution—or public—component. It argues that a mix of public and private pensions is the most effective option to deliver the best combination of pension outcomes. Pension design should start with a vision for five core outcomes: coverage, adequacy, sustainability, efficiency, and security. Thinking through these outcomes helps guide choices for market structure, benefit type, contributions, investment strategy, and other factors. As well as technical design, the governance, scale, and expertise of pension funds are critical for good investment and other outcomes. Regulators and supervisors should also focus on these outcomes and then work out how best to mitigate the risks to achieving them over time. These issues are relevant in relation to any public pillar, but notional defined contribution (NDC) systems bring clarity and transparency to policy makers in the benefit formula. The NDC payout formula can offer insights for how to improve the payout options in funded pillars. The clarity on the NDC formula also means that the joint distribution of public and private pensions can be modeled. This is important because the precise NDC formula may have implications for optimal investment strategies for private pensions, given, for example, the negative correlation between real per capita GDP growth and equity market returns over long periods.

Fuente: Banco Mundial
Clasificación: Ahorro Previsional
Tipo de Publicación: Documentos de Trabajo
Idioma:

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The Impact of Rural Pensions in China on Labor Migration

Autor: Eggleston, Karen; Sun, Ang; Zhan, Zhaoguo
Año: 2018
Resumen: We study the impact of China’s new rural pension program on promoting migration of labor by applying a regression discontinuity analysis to this new pension program. The results reveal a perceptible difference in labor migration among adult children whose parents are just above and below the age of pension eligibility: The adult children with a parent just attaining the pension-eligible age are more likely to be labor migrants compared with those with a parent just below the pension-eligible age. We also find that with a pension-eligible parent, the adult children are more likely to have off-farm jobs. These abrupt changes in household behavior at the cutoff suggest that these households are credit constrained. In addition, we find that the pension’s effect on migration is greater among adult children with a parent in poor health; pension-eligible elderly report that they are more likely to use inpatient services when needed and less likely to rely on adult children for care when they are ill. These results suggest that (expectations regarding) providing care for elderly parents has constrained labor migration from China's rural areas to some extent, and that the new rural pension program has helped to relax this constraint.

Fuente: Banco Mundial
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Artículo Académico
Idioma:

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Simulating Pension Income Scenarios with penCalc: An Illustration for India's National Pension System

Autor: Sane, Renuka; Price, William J.
Año: 2018
Resumen: This paper sets out initial results from a new modeling exercise for Defined Contribution (DC) pensions. It develops a package called penCalc based on the open source software language R, which is popular in the academic and modeling communities. All the coding is made freely available. The tool is illustrated for India's DC National Pension System. The aim is not to present the perfect model for India, but to show how the tool works so that policy makers and regulators can see its potential advantages and develop it for their own uses. It generates scenarios for future assets and income dependent on user-defined and changeable assumptions for asset returns, contributions, wages, years in the labor force, and annuity prices, among other parameters. Assumptions can be tailored to different countries and user determined scenarios. Many extensions could be developed, which will be the subject of future work. The international context is highlighted through similar modeling by regulators and pension funds in other jurisdictions. Some of these are more complex or complete than the results in this paper, but by explaining the initial model and making the coding freely available, the authors provide a powerful yet simple and low-cost tool to be adopted and adapted.

Fuente: Banco Mundial
Clasificación: Reformas de Pensiones
Tipo de Publicación: Artículo Académico
Idioma:

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