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Pension Reform in the Baltics, Russia, and other Countries of the Former Soviet Union (BRO)

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  • International Monetary Fund

Abstract

Despite their increasing fiscal burden, the public pension systems of BRO countries are failing to provide adequate social protection. Although there is a broad consensus about the need for pension reforms, BRO countries are debating whether to embark on systemic reforms or whether to correct the distortions in their pay-as-you-go (PAYG) pension systems. The paper reviews the measures taken by BRO countries during the transition period to address their pension problems and examines the options for further reform. It makes a strong case for a gradual reform approach aimed at establishing a multi-pillar system over the long run, but initially focused on implementation of “high-quality” reforms of the PAYG system.

Suggested Citation

  • International Monetary Fund, 1998. "Pension Reform in the Baltics, Russia, and other Countries of the Former Soviet Union (BRO)," IMF Working Papers 1998/011, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1998/011
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    Cited by:

    1. Vito Tanzi & George Tsibouris, 2001. "Les réformes des finances publiques en dix années de transition," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 175-206.

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