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Sustainability and Equity Challenges: Some Arithmetic on Lebanon’s Pension System

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  • Mariusz Jarmuzek
  • Najla Nakhle

Abstract

Reform of Lebanon’s pension system is indispensable. The country already faces fiscal sustainability risks, which will be compounded in the future by significantly higher pensionrelated spending and liabilities, mainly reflecting adverse demographics. In addition to sustainability issues, the pension system also suffers from equity shortcomings—Lebanon is the only MENA country that does not offer social security for retirees in the private sector. While several reform proposals have been formulated since the early 2000s, none has been implemented to date. Costs mount with every year of delay, so action is required soon to address these challenges.

Suggested Citation

  • Mariusz Jarmuzek & Najla Nakhle, 2016. "Sustainability and Equity Challenges: Some Arithmetic on Lebanon’s Pension System," IMF Working Papers 2016/046, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2016/046
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    References listed on IDEAS

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    1. Pallares-Miralles, Montserrat & Romero, Carolina & Whitehouse, Edward, 2012. "International patterns of pension provision II : a worldwide overview of facts and figures," Social Protection Discussion Papers and Notes 70319, The World Bank.
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