Fiscal Projections for Pension System of Belarus

This note attempts to describe the pension system in Belarus including its fiscal performance, redistributive aspects benefit levels and benefit eligibility conditions. The note also discusses the challenging demographic environment which Belarus p...

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Main Author:	World Bank
Format:	Legal and Judicial Sector Assessment
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ANNUITY AVERAGE BENEFIT AVERAGE WAGE BASIC PENSION BENEFICIARIES BENEFICIARY BENEFIT FORMULA BENEFIT INDEXATION BENEFIT LEVELS COMPENSATION CONTRIBUTION RATE CONTRIBUTION RATES DEMOGRAPHIC DEPENDENCY RATIO DISABILITY DISCOUNT RATES DRIVERS EARLY RETIREMENT EARLY RETIREMENT PROGRAM EARLY RETIREMENT PROGRAMS EARNING ELDERLY EMPLOYEE EMPLOYMENT EMPLOYMENT LAW EMPLOYMENT OPPORTUNITIES EU EXPENDITURE FEMALE FEMALES FERTILITY FERTILITY RATE FERTILITY RATES FINANCES FINANCIAL CRISIS FISCAL DEFICITS FUNDED PENSION FUTURE INCOME GENDERS GOVERNMENT INVOLVEMENT GROWTH RATE HIGH WAGE INCOME REDISTRIBUTION INCOME STREAM INCOME TAX INCOMES INDIVIDUAL ACCOUNTS INEQUALITY INFLATION INSTITUTIONAL ENVIRONMENTS INTEREST RATE INTEREST RATES JOBS LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKETS LIFE EXPECTANCIES LIFE EXPECTANCY LIVING STANDARDS MACROECONOMIC ENVIRONMENT MACROECONOMIC VOLATILITY MINIMUM WAGE MORTALITY NOMINAL WAGE NOTIONAL ACCOUNT NOTIONAL ACCOUNT SYSTEM NOTIONAL ACCOUNTS OCCUPATION OCCUPATIONS OLDER WORKERS PENSION PENSION AGE PENSION BENEFIT PENSION BENEFITS PENSION CONTRIBUTION PENSION EXPENDITURES PENSION FUND PENSION FUND MEMBERSHIP PENSION INCOME PENSION LAW PENSION PLAN PENSION POLICY PENSION REFORM PENSION RIGHTS PENSION SCHEME PENSION SYSTEM PENSION SYSTEM PARAMETER PENSION SYSTEMS PENSIONABLE AGE PENSIONER PENSIONERS PENSIONS PREFERENTIAL TREATMENT PREVIOUS DISCUSSION PRICE INDEXATION PURCHASING POWER REAL WAGE REPLACEMENT RATE REPLACEMENT RATES RETIREE RETIREES RETIREMENT RETIREMENT ACCOUNTS RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFITS RETIREMENT INCOME RETIREMENT OPTION RETIREMENT PERIODS RETIREMENT-INCOME SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SERVANTS SOCIAL INSURANCE SOCIAL INSURANCE CONTRIBUTIONS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL TRANSFER SUBSIDIZED WORKER SURVIVOR PENSIONS TRANSFER PAYMENTS UNEMPLOYED VOLATILITY WAGE BILL WAGE GROWTH WILL WOMAN WORKER WORKERS WORKING PENSIONERS
Online Access:	http://documents.worldbank.org/curated/en/2011/05/16281971/fiscal-projections-pension-system-belarus http://hdl.handle.net/10986/12564

id	okr-10986-12564
recordtype	oai_dc
spelling	okr-10986-125642021-04-23T14:03:01Z Fiscal Projections for Pension System of Belarus World Bank ANNUITY AVERAGE BENEFIT AVERAGE WAGE BASIC PENSION BENEFICIARIES BENEFICIARY BENEFIT FORMULA BENEFIT INDEXATION BENEFIT LEVELS COMPENSATION CONTRIBUTION RATE CONTRIBUTION RATES DEMOGRAPHIC DEPENDENCY RATIO DISABILITY DISCOUNT RATES DRIVERS EARLY RETIREMENT EARLY RETIREMENT PROGRAM EARLY RETIREMENT PROGRAMS EARNING ELDERLY EMPLOYEE EMPLOYMENT EMPLOYMENT LAW EMPLOYMENT OPPORTUNITIES EU EXPENDITURE FEMALE FEMALES FERTILITY FERTILITY RATE FERTILITY RATES FINANCES FINANCIAL CRISIS FISCAL DEFICITS FUNDED PENSION FUTURE INCOME GENDERS GOVERNMENT INVOLVEMENT GROWTH RATE HIGH WAGE INCOME REDISTRIBUTION INCOME STREAM INCOME TAX INCOMES INDIVIDUAL ACCOUNTS INEQUALITY INFLATION INSTITUTIONAL ENVIRONMENTS INTEREST RATE INTEREST RATES JOBS LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKETS LIFE EXPECTANCIES LIFE EXPECTANCY LIVING STANDARDS MACROECONOMIC ENVIRONMENT MACROECONOMIC VOLATILITY MINIMUM WAGE MORTALITY NOMINAL WAGE NOTIONAL ACCOUNT NOTIONAL ACCOUNT SYSTEM NOTIONAL ACCOUNTS OCCUPATION OCCUPATIONS OLDER WORKERS PENSION PENSION AGE PENSION BENEFIT PENSION BENEFITS PENSION CONTRIBUTION PENSION EXPENDITURES PENSION FUND PENSION FUND MEMBERSHIP PENSION INCOME PENSION LAW PENSION PLAN PENSION POLICY PENSION REFORM PENSION RIGHTS PENSION SCHEME PENSION SYSTEM PENSION SYSTEM PARAMETER PENSION SYSTEMS PENSIONABLE AGE PENSIONER PENSIONERS PENSIONS PREFERENTIAL TREATMENT PREVIOUS DISCUSSION PRICE INDEXATION PURCHASING POWER REAL WAGE REPLACEMENT RATE REPLACEMENT RATES RETIREE RETIREES RETIREMENT RETIREMENT ACCOUNTS RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFITS RETIREMENT INCOME RETIREMENT OPTION RETIREMENT PERIODS RETIREMENT-INCOME SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SERVANTS SOCIAL INSURANCE SOCIAL INSURANCE CONTRIBUTIONS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL TRANSFER SUBSIDIZED WORKER SURVIVOR PENSIONS TRANSFER PAYMENTS UNEMPLOYED VOLATILITY WAGE BILL WAGE GROWTH WILL WOMAN WORKER WORKERS WORKING PENSIONERS This note attempts to describe the pension system in Belarus including its fiscal performance, redistributive aspects benefit levels and benefit eligibility conditions. The note also discusses the challenging demographic environment which Belarus pension system is expected to face in the future and explores alternative paths that the system could take in this environment. Some reform scenarios are explored including the increase in retirement ages, changes in benefit indexation rules and the introduction of notional defined contribution accounts. 2013-02-27T22:31:34Z 2013-02-27T22:31:34Z 2011-05 http://documents.worldbank.org/curated/en/2011/05/16281971/fiscal-projections-pension-system-belarus http://hdl.handle.net/10986/12564 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Legal and Judicial Sector Assessment Economic & Sector Work Europe and Central Asia Belarus
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ANNUITY AVERAGE BENEFIT AVERAGE WAGE BASIC PENSION BENEFICIARIES BENEFICIARY BENEFIT FORMULA BENEFIT INDEXATION BENEFIT LEVELS COMPENSATION CONTRIBUTION RATE CONTRIBUTION RATES DEMOGRAPHIC DEPENDENCY RATIO DISABILITY DISCOUNT RATES DRIVERS EARLY RETIREMENT EARLY RETIREMENT PROGRAM EARLY RETIREMENT PROGRAMS EARNING ELDERLY EMPLOYEE EMPLOYMENT EMPLOYMENT LAW EMPLOYMENT OPPORTUNITIES EU EXPENDITURE FEMALE FEMALES FERTILITY FERTILITY RATE FERTILITY RATES FINANCES FINANCIAL CRISIS FISCAL DEFICITS FUNDED PENSION FUTURE INCOME GENDERS GOVERNMENT INVOLVEMENT GROWTH RATE HIGH WAGE INCOME REDISTRIBUTION INCOME STREAM INCOME TAX INCOMES INDIVIDUAL ACCOUNTS INEQUALITY INFLATION INSTITUTIONAL ENVIRONMENTS INTEREST RATE INTEREST RATES JOBS LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKETS LIFE EXPECTANCIES LIFE EXPECTANCY LIVING STANDARDS MACROECONOMIC ENVIRONMENT MACROECONOMIC VOLATILITY MINIMUM WAGE MORTALITY NOMINAL WAGE NOTIONAL ACCOUNT NOTIONAL ACCOUNT SYSTEM NOTIONAL ACCOUNTS OCCUPATION OCCUPATIONS OLDER WORKERS PENSION PENSION AGE PENSION BENEFIT PENSION BENEFITS PENSION CONTRIBUTION PENSION EXPENDITURES PENSION FUND PENSION FUND MEMBERSHIP PENSION INCOME PENSION LAW PENSION PLAN PENSION POLICY PENSION REFORM PENSION RIGHTS PENSION SCHEME PENSION SYSTEM PENSION SYSTEM PARAMETER PENSION SYSTEMS PENSIONABLE AGE PENSIONER PENSIONERS PENSIONS PREFERENTIAL TREATMENT PREVIOUS DISCUSSION PRICE INDEXATION PURCHASING POWER REAL WAGE REPLACEMENT RATE REPLACEMENT RATES RETIREE RETIREES RETIREMENT RETIREMENT ACCOUNTS RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFITS RETIREMENT INCOME RETIREMENT OPTION RETIREMENT PERIODS RETIREMENT-INCOME SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SERVANTS SOCIAL INSURANCE SOCIAL INSURANCE CONTRIBUTIONS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL TRANSFER SUBSIDIZED WORKER SURVIVOR PENSIONS TRANSFER PAYMENTS UNEMPLOYED VOLATILITY WAGE BILL WAGE GROWTH WILL WOMAN WORKER WORKERS WORKING PENSIONERS
spellingShingle	ANNUITY AVERAGE BENEFIT AVERAGE WAGE BASIC PENSION BENEFICIARIES BENEFICIARY BENEFIT FORMULA BENEFIT INDEXATION BENEFIT LEVELS COMPENSATION CONTRIBUTION RATE CONTRIBUTION RATES DEMOGRAPHIC DEPENDENCY RATIO DISABILITY DISCOUNT RATES DRIVERS EARLY RETIREMENT EARLY RETIREMENT PROGRAM EARLY RETIREMENT PROGRAMS EARNING ELDERLY EMPLOYEE EMPLOYMENT EMPLOYMENT LAW EMPLOYMENT OPPORTUNITIES EU EXPENDITURE FEMALE FEMALES FERTILITY FERTILITY RATE FERTILITY RATES FINANCES FINANCIAL CRISIS FISCAL DEFICITS FUNDED PENSION FUTURE INCOME GENDERS GOVERNMENT INVOLVEMENT GROWTH RATE HIGH WAGE INCOME REDISTRIBUTION INCOME STREAM INCOME TAX INCOMES INDIVIDUAL ACCOUNTS INEQUALITY INFLATION INSTITUTIONAL ENVIRONMENTS INTEREST RATE INTEREST RATES JOBS LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKETS LIFE EXPECTANCIES LIFE EXPECTANCY LIVING STANDARDS MACROECONOMIC ENVIRONMENT MACROECONOMIC VOLATILITY MINIMUM WAGE MORTALITY NOMINAL WAGE NOTIONAL ACCOUNT NOTIONAL ACCOUNT SYSTEM NOTIONAL ACCOUNTS OCCUPATION OCCUPATIONS OLDER WORKERS PENSION PENSION AGE PENSION BENEFIT PENSION BENEFITS PENSION CONTRIBUTION PENSION EXPENDITURES PENSION FUND PENSION FUND MEMBERSHIP PENSION INCOME PENSION LAW PENSION PLAN PENSION POLICY PENSION REFORM PENSION RIGHTS PENSION SCHEME PENSION SYSTEM PENSION SYSTEM PARAMETER PENSION SYSTEMS PENSIONABLE AGE PENSIONER PENSIONERS PENSIONS PREFERENTIAL TREATMENT PREVIOUS DISCUSSION PRICE INDEXATION PURCHASING POWER REAL WAGE REPLACEMENT RATE REPLACEMENT RATES RETIREE RETIREES RETIREMENT RETIREMENT ACCOUNTS RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFITS RETIREMENT INCOME RETIREMENT OPTION RETIREMENT PERIODS RETIREMENT-INCOME SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SERVANTS SOCIAL INSURANCE SOCIAL INSURANCE CONTRIBUTIONS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL TRANSFER SUBSIDIZED WORKER SURVIVOR PENSIONS TRANSFER PAYMENTS UNEMPLOYED VOLATILITY WAGE BILL WAGE GROWTH WILL WOMAN WORKER WORKERS WORKING PENSIONERS World Bank Fiscal Projections for Pension System of Belarus
geographic_facet	Europe and Central Asia Belarus
description	This note attempts to describe the pension system in Belarus including its fiscal performance, redistributive aspects benefit levels and benefit eligibility conditions. The note also discusses the challenging demographic environment which Belarus pension system is expected to face in the future and explores alternative paths that the system could take in this environment. Some reform scenarios are explored including the increase in retirement ages, changes in benefit indexation rules and the introduction of notional defined contribution accounts.
format	Economic & Sector Work :: Legal and Judicial Sector Assessment
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Fiscal Projections for Pension System of Belarus
title_short	Fiscal Projections for Pension System of Belarus
title_full	Fiscal Projections for Pension System of Belarus
title_fullStr	Fiscal Projections for Pension System of Belarus
title_full_unstemmed	Fiscal Projections for Pension System of Belarus
title_sort	fiscal projections for pension system of belarus
publisher	Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2011/05/16281971/fiscal-projections-pension-system-belarus http://hdl.handle.net/10986/12564
_version_	1764420230677790720

Fiscal Projections for Pension System of Belarus

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