Reforms to pension policies inevitably face challenges and potential trade-offs. These include the desirability of providing adequate replacement income and tackling problems of poverty in old age; the imbalance between time spent in work and in retirement; the appropriate mix of different forms of retirement income provisions; the labour market implications of different approaches to financing pensions; and the potential complexities of meeting short-term and long-term policy objectives.
This book addresses these and other issues through a critical appraisal of the practical lessons of public pension reforms over the past decade in Central and Eastern Europe, and how they compare with reforms in other OECD member countries. Countries covered include the Czech Republic, Poland, Hungary, the Slovak Republic, Slovenia, Latvia, the Russian Federation and Lithuania, as well as Germany, Italy and the Netherlands.
