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Second-pillar pension re-reforms in Bulgaria, Croatia, Estonia, Latvia, Macedonia, Romania, and Slovakia benefit payouts amidst continuing retrenchment

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  • Fultz, Elaine.
  • Hirose, Kenichi

Abstract

Most analyses of Central and Eastern Europe’s (CEE) second-pension pillars focus on Hungary and Poland, the first CEE governments to establish such pillars (1997-1999) and the first to retrench them (2010-2011). However, as the regional front-runners in second-pillar creation and termination, Hungary and Poland differ in some important ways from other CEE countries that adopted this model. This paper concentrates on the other CEE second pillars, a majority of which have matured and begun to pay benefits, although only to small numbers of workers. For seven CEE countries, it describes these private benefits, compares them with public pensions and presents available evidence concerning their durability, adequacy and financing.

Suggested Citation

  • Fultz, Elaine. & Hirose, Kenichi, 2018. "Second-pillar pension re-reforms in Bulgaria, Croatia, Estonia, Latvia, Macedonia, Romania, and Slovakia benefit payouts amidst continuing retrenchment," ILO Working Papers 995005392402676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:995005392402676
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    Cited by:

    1. DUMITRESCU, Bogdan Andrei & HANDOREANU, Catalina Adriana, 2021. "The Impact Of Fees On The Return Of The Second Pension Pillar In Romania," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 25(1), pages 65-77, March.

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    Keywords

    pension scheme;

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