Index
Chile financial market development and pension reform in, 247, 255, 257, 258 pension fund assets in, 196, 199, 200–203, 201–2t pension system and reform in, 4, 247 unemployment-cum-retirement accounts in, 15 China old-age dependency ratio (ODR) in, 11 retirement and old age views in, 114, 115b Chlon-Dominczak, Agnieszka, 163 clearinghouse approaches to pension reform, 15 Colombia, pension fund asset accumulation in, 200–203, 201–2t contribution rates, 45–47, 46f corporate governance practices, 253–54 costs and fees for pension funds in Estonia, 233–34, 234f, 246 minimization of, 204, 206, 207 country innovations in pension reform, 14–15 country statements. See Statements; specific countries Croatia CEF group countries and, 43 clearinghouse approaches in, 15 contribution rate in, 46f, 47 individual pension and voluntary supplementary accounts in, 195 labor force participation rates in, 128 labor market in, 332, 333 multipillar pension schemes in, 332 pension reform in, 44t, 45f, 332–34 pension system trends in, 331–32 Statement of the Ministry of Finance of, 331–34 Czech Republic employment protection legislation (EPL) in, 119 labor force projection in, 110 multipillar pension schemes in, 19
D Danish Rational Economic Agents Model (DREAM), 152
369
Dayton Peace Accord, 319 defined benefit design option for pensions, 14 defined contribution funded schemes, 56b demand-side incentives, 143–45 mandatory retirement, 143–44 targeted employment subsidies or tax reductions, 144 demographic profile constraint of, 56b, 285 pay-as-you-go (PAYG) systems and, 56b, 280, 285 problems obtaining, 47 in Romania, 349 in Slovenia, 73–87, 292–93, 293t, 307–11, 361 social policy approaches and, 28–30 Demographic Reserve Fund (Bulgaria), 329 Denmark, 149–62 basic provision of benefits in, 278 economic projections under current welfare arrangements, 151f, 152–55, 154f labor market participation rates in, 150f, 159–60, 160f, 295 labor market reforms in, 281 North Sea oil revenues and, 161n7, 161n14 pillar II in, 153 retirement age in, 67 retirement reform in, 155–59, 157f tax burden in, 150 time-inconsistency problems in, 159–60 Deposit Guarantee Fund (Estonia), 240 disability pensions, 45, 193n13 Dolenc, Primoˇz, 105 Dormont, B., 118, 123n9 Draft Strategy of the Reform of the Pension System in the Federation of Bosnia and Herzegovina, 321
E early retirement schemes (VUT, Netherlands), 180–81, 182 EC. See European Commission Economic Policy Committee’s Working Group on Aging, 63 ECSD. See Estonian Central Depository for Securities