World Bank Support for Pensions and Social Security

Pension and social insurance programs that prevent a substantial loss in consumption resulting from old age, disability, or death are an integral part of any social protection system. The dual objectives of such programs are to allow for the preven...

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Main Authors: Dorfman, Mark, Palacios, Robert
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2013
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2012/03/16499016/world-bank-support-pensions-social-security
http://hdl.handle.net/10986/13556
id okr-10986-13556
recordtype oai_dc
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 ACCRUAL RATE
ACTUARIAL MODELING
ADMINISTRATIVE COSTS
AGING POPULATION
AGING POPULATIONS
ANNUITIES
ANNUITIES MARKETS
ANNUITY
ANNUITY PROVISION
ASSISTANCE PROGRAMS
BANK LENDING
BANK OPERATIONS
BASIC BENEFITS
BASIC INFRASTRUCTURE
BENEFICIARIES
BENEFIT FORMULA
BENEFIT LEVEL
BENEFIT LEVELS
BENEFIT SCHEMES
CASH TRANSFER
CASH TRANSFER PROGRAMS
CASH TRANSFERS
CIVIL SERVICE PENSION
CIVIL SERVICE PENSIONS
CONFLICT
CONSUMPTION SMOOTHING
CONTRIBUTION RATE
CONTRIBUTION RATES
CONTRIBUTORY PENSION
CONTRIBUTORY PENSIONS
CREDIT PROGRAMS
DEFINED BENEFIT
DEFINED BENEFIT SCHEMES
DEFINED CONTRIBUTION PLAN
DEFINED CONTRIBUTION PLANS
DEFINED CONTRIBUTIONS
DEMOGRAPHIC
DEPENDENCY RATIO
DEPENDENCY RATIOS
DEVELOPING COUNTRIES
DOMESTIC INVESTORS
EARMARKED PAYROLL TAXES
ECONOMIC EFFICIENCY
ELDERLY
EMPLOYEE
EMPLOYMENT PROJECT
FAMILY SUPPORT
FERTILITY
FINANCIAL CRISIS
FINANCIAL INSTRUMENTS
FINANCIAL MARKET
FINANCIAL MARKET DEVELOPMENT
FINANCIAL SECTOR
FINANCING ARRANGEMENTS
FISCAL CONSTRAINTS
FISCAL DEFICITS
FUNDED PENSION
FUNDED SCHEMES
GLOBAL PENSION
HEALTH CARE
HEALTH INSURANCE
HEALTH SPENDING
HOUSEHOLD POVERTY
HOUSEHOLD SURVEYS
HOUSEHOLD TRANSFERS
HOUSING PROGRAMS
HOUSING SUBSIDIES
INCOME
INCOME RISKS
INCOME SUPPORT
INDIVIDUAL ACCOUNTS
INDIVIDUAL RETIREMENT ACCOUNTS
INFLATION RISK
INFORMAL SECTOR
INFORMAL SECTORS
INFORMAL SUPPORT
INSTITUTIONAL CAPACITY
INSURANCE MECHANISMS
INSURANCE SCHEMES
INSURANCE SYSTEMS
INTERGENERATIONAL TRANSFERS
INVESTMENT MANAGEMENT
INVESTMENT PERFORMANCE
INVESTMENT RISK
LABOR FORCE
LABOR FORCE PARTICIPATION
LABOR MARKET
LIFE EXPECTANCY
LIFE INSURANCE
LONG TERM LIABILITIES
LONGEVITY RISK
MACROECONOMIC CONDITIONS
MARKET ECONOMIES
MORTGAGES
NATURAL DISASTERS
OLD AGE
OLD AGE CRISIS
OLD AGE PENSIONS
OLDER PEOPLE
PAYROLL TAX
PAYROLL TAXES
PENSION
PENSION ARRANGEMENTS
PENSION ASSETS
PENSION BENEFIT
PENSION CONTRIBUTION
PENSION COVERAGE
PENSION ENTITLEMENTS
PENSION FUND MANAGEMENT
PENSION FUNDS
PENSION INCOME
PENSION INCOMES
PENSION INDICATORS
PENSION LIABILITIES
PENSION OBLIGATIONS
PENSION POLICY
PENSION PRODUCTS
PENSION PROGRAM
PENSION PROGRAMS
PENSION PROVISION
PENSION PROVISIONS
PENSION REFORM
PENSION REFORM EFFORTS
PENSION REFORMS
PENSION RESERVES
PENSION SAVINGS
PENSION SCHEME
PENSION SCHEMES
PENSION SECTOR
PENSION SPENDING
PENSION SYSTEM
PENSION SYSTEMS
PENSION TRANSFERS
PENSION WEALTH
PENSION WORK
PENSIONABLE EARNINGS
PENSIONERS
PENSIONS
PILLAR PENSION
PILLAR PROGRAMS
POCKET SPENDING
POLITICAL ECONOMY
POOR
PRIVATE LIFE INSURANCE
PRIVATE MANAGEMENT
PRIVATE PENSION
PRIVATE PENSION FUND
PRIVATE PENSION SYSTEMS
PRIVATE PENSIONS
PROTECTION POLICY
PROTECTION SYSTEM
PROTECTION SYSTEMS
PROVIDENT FUNDS
PUBLIC PENSION
PUBLIC SERVICE
PUBLIC SERVICES
PUBLIC SUBSIDIES
PUBLIC TRANSFERS
REPLACEMENT RATES
RETIREMENT
RETIREMENT AGE
RETIREMENT AGES
RETIREMENT INCENTIVES
RETIREMENT INCOME
RETIREMENT PRODUCTS
RETIREMENT SAVINGS
RETIREMENT-INCOME
RISK MANAGEMENT
RISK POOLING
SAFETY NET
SAFETY NET PROGRAMS
SAFETY NETS
SAVINGS
SCHOOL FEEDING
SERVICE PROVIDERS
SHOCK
SOCIAL ASSISTANCE
SOCIAL INSURANCE
SOCIAL INSURANCE AGENCIES
SOCIAL INSURANCE AGENCY
SOCIAL INSURANCE BENEFITS
SOCIAL INSURANCE PROGRAMS
SOCIAL INSURANCE SYSTEMS
SOCIAL PENSION
SOCIAL PENSIONS
SOCIAL POLICY
SOCIAL PROGRAMS
SOCIAL PROTECTION
SOCIAL PROTECTION STRATEGY
SOCIAL SAFETY NETS
SOCIAL SECURITY
SOCIAL SECURITY REFORM
SOCIAL SPENDING
STRUCTURAL REFORMS
SUPERVISORY FRAMEWORK
TARGETING
TAX RATES
TECHNICAL ASSISTANCE
TEMPORARY EMPLOYMENT
TRANSACTION COSTS
UNEMPLOYMENT
UNFUNDED PENSION
UNIVERSAL BENEFITS
UNIVERSAL HEALTH
VOLUNTARY PENSION
VULNERABLE GROUPS
WORK INJURY
spellingShingle ACCRUAL RATE
ACTUARIAL MODELING
ADMINISTRATIVE COSTS
AGING POPULATION
AGING POPULATIONS
ANNUITIES
ANNUITIES MARKETS
ANNUITY
ANNUITY PROVISION
ASSISTANCE PROGRAMS
BANK LENDING
BANK OPERATIONS
BASIC BENEFITS
BASIC INFRASTRUCTURE
BENEFICIARIES
BENEFIT FORMULA
BENEFIT LEVEL
BENEFIT LEVELS
BENEFIT SCHEMES
CASH TRANSFER
CASH TRANSFER PROGRAMS
CASH TRANSFERS
CIVIL SERVICE PENSION
CIVIL SERVICE PENSIONS
CONFLICT
CONSUMPTION SMOOTHING
CONTRIBUTION RATE
CONTRIBUTION RATES
CONTRIBUTORY PENSION
CONTRIBUTORY PENSIONS
CREDIT PROGRAMS
DEFINED BENEFIT
DEFINED BENEFIT SCHEMES
DEFINED CONTRIBUTION PLAN
DEFINED CONTRIBUTION PLANS
DEFINED CONTRIBUTIONS
DEMOGRAPHIC
DEPENDENCY RATIO
DEPENDENCY RATIOS
DEVELOPING COUNTRIES
DOMESTIC INVESTORS
EARMARKED PAYROLL TAXES
ECONOMIC EFFICIENCY
ELDERLY
EMPLOYEE
EMPLOYMENT PROJECT
FAMILY SUPPORT
FERTILITY
FINANCIAL CRISIS
FINANCIAL INSTRUMENTS
FINANCIAL MARKET
FINANCIAL MARKET DEVELOPMENT
FINANCIAL SECTOR
FINANCING ARRANGEMENTS
FISCAL CONSTRAINTS
FISCAL DEFICITS
FUNDED PENSION
FUNDED SCHEMES
GLOBAL PENSION
HEALTH CARE
HEALTH INSURANCE
HEALTH SPENDING
HOUSEHOLD POVERTY
HOUSEHOLD SURVEYS
HOUSEHOLD TRANSFERS
HOUSING PROGRAMS
HOUSING SUBSIDIES
INCOME
INCOME RISKS
INCOME SUPPORT
INDIVIDUAL ACCOUNTS
INDIVIDUAL RETIREMENT ACCOUNTS
INFLATION RISK
INFORMAL SECTOR
INFORMAL SECTORS
INFORMAL SUPPORT
INSTITUTIONAL CAPACITY
INSURANCE MECHANISMS
INSURANCE SCHEMES
INSURANCE SYSTEMS
INTERGENERATIONAL TRANSFERS
INVESTMENT MANAGEMENT
INVESTMENT PERFORMANCE
INVESTMENT RISK
LABOR FORCE
LABOR FORCE PARTICIPATION
LABOR MARKET
LIFE EXPECTANCY
LIFE INSURANCE
LONG TERM LIABILITIES
LONGEVITY RISK
MACROECONOMIC CONDITIONS
MARKET ECONOMIES
MORTGAGES
NATURAL DISASTERS
OLD AGE
OLD AGE CRISIS
OLD AGE PENSIONS
OLDER PEOPLE
PAYROLL TAX
PAYROLL TAXES
PENSION
PENSION ARRANGEMENTS
PENSION ASSETS
PENSION BENEFIT
PENSION CONTRIBUTION
PENSION COVERAGE
PENSION ENTITLEMENTS
PENSION FUND MANAGEMENT
PENSION FUNDS
PENSION INCOME
PENSION INCOMES
PENSION INDICATORS
PENSION LIABILITIES
PENSION OBLIGATIONS
PENSION POLICY
PENSION PRODUCTS
PENSION PROGRAM
PENSION PROGRAMS
PENSION PROVISION
PENSION PROVISIONS
PENSION REFORM
PENSION REFORM EFFORTS
PENSION REFORMS
PENSION RESERVES
PENSION SAVINGS
PENSION SCHEME
PENSION SCHEMES
PENSION SECTOR
PENSION SPENDING
PENSION SYSTEM
PENSION SYSTEMS
PENSION TRANSFERS
PENSION WEALTH
PENSION WORK
PENSIONABLE EARNINGS
PENSIONERS
PENSIONS
PILLAR PENSION
PILLAR PROGRAMS
POCKET SPENDING
POLITICAL ECONOMY
POOR
PRIVATE LIFE INSURANCE
PRIVATE MANAGEMENT
PRIVATE PENSION
PRIVATE PENSION FUND
PRIVATE PENSION SYSTEMS
PRIVATE PENSIONS
PROTECTION POLICY
PROTECTION SYSTEM
PROTECTION SYSTEMS
PROVIDENT FUNDS
PUBLIC PENSION
PUBLIC SERVICE
PUBLIC SERVICES
PUBLIC SUBSIDIES
PUBLIC TRANSFERS
REPLACEMENT RATES
RETIREMENT
RETIREMENT AGE
RETIREMENT AGES
RETIREMENT INCENTIVES
RETIREMENT INCOME
RETIREMENT PRODUCTS
RETIREMENT SAVINGS
RETIREMENT-INCOME
RISK MANAGEMENT
RISK POOLING
SAFETY NET
SAFETY NET PROGRAMS
SAFETY NETS
SAVINGS
SCHOOL FEEDING
SERVICE PROVIDERS
SHOCK
SOCIAL ASSISTANCE
SOCIAL INSURANCE
SOCIAL INSURANCE AGENCIES
SOCIAL INSURANCE AGENCY
SOCIAL INSURANCE BENEFITS
SOCIAL INSURANCE PROGRAMS
SOCIAL INSURANCE SYSTEMS
SOCIAL PENSION
SOCIAL PENSIONS
SOCIAL POLICY
SOCIAL PROGRAMS
SOCIAL PROTECTION
SOCIAL PROTECTION STRATEGY
SOCIAL SAFETY NETS
SOCIAL SECURITY
SOCIAL SECURITY REFORM
SOCIAL SPENDING
STRUCTURAL REFORMS
SUPERVISORY FRAMEWORK
TARGETING
TAX RATES
TECHNICAL ASSISTANCE
TEMPORARY EMPLOYMENT
TRANSACTION COSTS
UNEMPLOYMENT
UNFUNDED PENSION
UNIVERSAL BENEFITS
UNIVERSAL HEALTH
VOLUNTARY PENSION
VULNERABLE GROUPS
WORK INJURY
Dorfman, Mark
Palacios, Robert
World Bank Support for Pensions and Social Security
relation Social Protection and Labor Discussion Paper;No. 1208
description Pension and social insurance programs that prevent a substantial loss in consumption resulting from old age, disability, or death are an integral part of any social protection system. The dual objectives of such programs are to allow for the prevention of a sharp decline in income when these life-cycle events take place and protection against poverty in old age. This background paper reviews the World Bank's conceptual framework for the analysis of pension programs and defines the major challenges facing low and middle income countries, namely, coverage, adequacy and sustainability. The paper proposes a broad, forward-looking strategy to help address these challenges.
format Publications & Research :: Working Paper
author Dorfman, Mark
Palacios, Robert
author_facet Dorfman, Mark
Palacios, Robert
author_sort Dorfman, Mark
title World Bank Support for Pensions and Social Security
title_short World Bank Support for Pensions and Social Security
title_full World Bank Support for Pensions and Social Security
title_fullStr World Bank Support for Pensions and Social Security
title_full_unstemmed World Bank Support for Pensions and Social Security
title_sort world bank support for pensions and social security
publisher World Bank, Washington, DC
publishDate 2013
url http://documents.worldbank.org/curated/en/2012/03/16499016/world-bank-support-pensions-social-security
http://hdl.handle.net/10986/13556
_version_ 1764423717156290560
spelling okr-10986-135562021-04-23T14:03:08Z World Bank Support for Pensions and Social Security Dorfman, Mark Palacios, Robert ACCRUAL RATE ACTUARIAL MODELING ADMINISTRATIVE COSTS AGING POPULATION AGING POPULATIONS ANNUITIES ANNUITIES MARKETS ANNUITY ANNUITY PROVISION ASSISTANCE PROGRAMS BANK LENDING BANK OPERATIONS BASIC BENEFITS BASIC INFRASTRUCTURE BENEFICIARIES BENEFIT FORMULA BENEFIT LEVEL BENEFIT LEVELS BENEFIT SCHEMES CASH TRANSFER CASH TRANSFER PROGRAMS CASH TRANSFERS CIVIL SERVICE PENSION CIVIL SERVICE PENSIONS CONFLICT CONSUMPTION SMOOTHING CONTRIBUTION RATE CONTRIBUTION RATES CONTRIBUTORY PENSION CONTRIBUTORY PENSIONS CREDIT PROGRAMS DEFINED BENEFIT DEFINED BENEFIT SCHEMES DEFINED CONTRIBUTION PLAN DEFINED CONTRIBUTION PLANS DEFINED CONTRIBUTIONS DEMOGRAPHIC DEPENDENCY RATIO DEPENDENCY RATIOS DEVELOPING COUNTRIES DOMESTIC INVESTORS EARMARKED PAYROLL TAXES ECONOMIC EFFICIENCY ELDERLY EMPLOYEE EMPLOYMENT PROJECT FAMILY SUPPORT FERTILITY FINANCIAL CRISIS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL SECTOR FINANCING ARRANGEMENTS FISCAL CONSTRAINTS FISCAL DEFICITS FUNDED PENSION FUNDED SCHEMES GLOBAL PENSION HEALTH CARE HEALTH INSURANCE HEALTH SPENDING HOUSEHOLD POVERTY HOUSEHOLD SURVEYS HOUSEHOLD TRANSFERS HOUSING PROGRAMS HOUSING SUBSIDIES INCOME INCOME RISKS INCOME SUPPORT INDIVIDUAL ACCOUNTS INDIVIDUAL RETIREMENT ACCOUNTS INFLATION RISK INFORMAL SECTOR INFORMAL SECTORS INFORMAL SUPPORT INSTITUTIONAL CAPACITY INSURANCE MECHANISMS INSURANCE SCHEMES INSURANCE SYSTEMS INTERGENERATIONAL TRANSFERS INVESTMENT MANAGEMENT INVESTMENT PERFORMANCE INVESTMENT RISK LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LIFE EXPECTANCY LIFE INSURANCE LONG TERM LIABILITIES LONGEVITY RISK MACROECONOMIC CONDITIONS MARKET ECONOMIES MORTGAGES NATURAL DISASTERS OLD AGE OLD AGE CRISIS OLD AGE PENSIONS OLDER PEOPLE PAYROLL TAX PAYROLL TAXES PENSION PENSION ARRANGEMENTS PENSION ASSETS PENSION BENEFIT PENSION CONTRIBUTION PENSION COVERAGE PENSION ENTITLEMENTS PENSION FUND MANAGEMENT PENSION FUNDS PENSION INCOME PENSION INCOMES PENSION INDICATORS PENSION LIABILITIES PENSION OBLIGATIONS PENSION POLICY PENSION PRODUCTS PENSION PROGRAM PENSION PROGRAMS PENSION PROVISION PENSION PROVISIONS PENSION REFORM PENSION REFORM EFFORTS PENSION REFORMS PENSION RESERVES PENSION SAVINGS PENSION SCHEME PENSION SCHEMES PENSION SECTOR PENSION SPENDING PENSION SYSTEM PENSION SYSTEMS PENSION TRANSFERS PENSION WEALTH PENSION WORK PENSIONABLE EARNINGS PENSIONERS PENSIONS PILLAR PENSION PILLAR PROGRAMS POCKET SPENDING POLITICAL ECONOMY POOR PRIVATE LIFE INSURANCE PRIVATE MANAGEMENT PRIVATE PENSION PRIVATE PENSION FUND PRIVATE PENSION SYSTEMS PRIVATE PENSIONS PROTECTION POLICY PROTECTION SYSTEM PROTECTION SYSTEMS PROVIDENT FUNDS PUBLIC PENSION PUBLIC SERVICE PUBLIC SERVICES PUBLIC SUBSIDIES PUBLIC TRANSFERS REPLACEMENT RATES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT INCENTIVES RETIREMENT INCOME RETIREMENT PRODUCTS RETIREMENT SAVINGS RETIREMENT-INCOME RISK MANAGEMENT RISK POOLING SAFETY NET SAFETY NET PROGRAMS SAFETY NETS SAVINGS SCHOOL FEEDING SERVICE PROVIDERS SHOCK SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL INSURANCE AGENCIES SOCIAL INSURANCE AGENCY SOCIAL INSURANCE BENEFITS SOCIAL INSURANCE PROGRAMS SOCIAL INSURANCE SYSTEMS SOCIAL PENSION SOCIAL PENSIONS SOCIAL POLICY SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL PROTECTION STRATEGY SOCIAL SAFETY NETS SOCIAL SECURITY SOCIAL SECURITY REFORM SOCIAL SPENDING STRUCTURAL REFORMS SUPERVISORY FRAMEWORK TARGETING TAX RATES TECHNICAL ASSISTANCE TEMPORARY EMPLOYMENT TRANSACTION COSTS UNEMPLOYMENT UNFUNDED PENSION UNIVERSAL BENEFITS UNIVERSAL HEALTH VOLUNTARY PENSION VULNERABLE GROUPS WORK INJURY Pension and social insurance programs that prevent a substantial loss in consumption resulting from old age, disability, or death are an integral part of any social protection system. The dual objectives of such programs are to allow for the prevention of a sharp decline in income when these life-cycle events take place and protection against poverty in old age. This background paper reviews the World Bank's conceptual framework for the analysis of pension programs and defines the major challenges facing low and middle income countries, namely, coverage, adequacy and sustainability. The paper proposes a broad, forward-looking strategy to help address these challenges. 2013-05-28T17:03:07Z 2013-05-28T17:03:07Z 2012-03 http://documents.worldbank.org/curated/en/2012/03/16499016/world-bank-support-pensions-social-security http://hdl.handle.net/10986/13556 English en_US Social Protection and Labor Discussion Paper;No. 1208 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research