Brazil : Critical Issues in Social Security, Volume 2. Policy Report
The study consists of two volumes, the first volume contains a detailed summary of the report findings, and policy implications, and, the second volume, the Policy Report, contains discussions on policy recommendations for each of the components of...
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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2000/06/729055/brazil-critical-issues-social-security-vol-2-2-policy-report http://hdl.handle.net/10986/14969 |
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okr-10986-149692021-04-23T14:03:16Z Brazil : Critical Issues in Social Security, Volume 2. Policy Report World Bank ADMINISTRATIVE CAPACITY AFFILIATES ANNUITY ANNUITY CONVERSION ANNUITY CONVERSION FACTOR BENEFIT FORMULA BENEFIT LEVEL CIVIL SERVICE CIVIL SERVICE PENSIONS CONSENSUS CONSTITUTION CONTRIBUTION PERIOD CONTRIBUTION RATE CONTRIBUTION RATES DEFICITS DEPOSITS DOMESTIC SAVINGS EMPLOYMENT EQUITY FEDERAL EMPLOYEES FEDERAL GOVERNMENT FINANCIAL INSTITUTIONS FINANCIAL SYSTEM FISCAL FISCAL FISCAL ADJUSTMENT FISCAL BALANCE FISCAL BURDEN FISCAL SITUATION FISCAL YEAR FUNDED SCHEMES GOVERNMENT AGENCIES GOVERNMENT DEBT GOVERNMENT STATISTICS HUMAN RESOURCES INCOME INEQUALITY INFLATION INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTEREST RATES INTERNATIONAL MONETARY FUND JUDICIARY LABOR MARKET LABOR MARKET EFFICIENCY LABOR MOBILITY LACK OF TRANSPARENCY LEGISLATION LEGISLATURE LEVELS OF GOVERNMENT LIFE EXPECTANCY LIVING STANDARDS MUNICIPALITIES MUTUAL FUNDS NATIONAL DEVELOPMENT NATIONAL GOVERNMENTS PAYROLL TAX PAYROLL TAXES PENSION DEBT PENSION FUND PENSION FUNDS PENSION FUNDS PENSION LIABILITIES PENSION PLAN PENSION PLANS PENSION REFORM PENSION RESERVES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS POLICY IMPLICATIONS PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATIZATION PRIVILEGED WORKERS PUBLIC DEBT PUBLIC SECTOR REGULATORY AGENCY REGULATORY FRAMEWORK REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT BENEFITS RETIREMENT FUNDS RETIREMENT PLAN SOCIAL ASSISTANCE SOCIAL JUSTICE SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY AGENCY SOCIAL SECURITY BENEFITS SOCIAL SECURITY REFORM STATE ADMINISTRATION STATE BANKS STATE ENTERPRISES STATE GOVERNMENT STATE-OWNED ENTERPRISES TAX RATES TAXATION WAGES WORKER CONTRIBUTION SOCIAL SECURITY SYSTEMS POLICY REFORM FISCAL CONSTRAINTS ADMINISTRATIVE CONSTRAINTS PENSION COVERAGE PENSION FUNDS ADMINISTRATION PENSION TAXATION LABOR MARKET POLICY FISCAL DEFICITS EQUITY FUNDS PRIVATE SECTOR PARTICIPATION POVERTY ALLEVIATION MECHANISMS POLITICAL POWER The study consists of two volumes, the first volume contains a detailed summary of the report findings, and policy implications, and, the second volume, the Policy Report, contains discussions on policy recommendations for each of the components of the Brazilian social security system. An overview on the dimensions of the social security challenge, reviews the system components, revealing unsustainable fiscal imbalances, and administrative weaknesses in both the unreformed General Regime for Social Security (RGPS), and the Pension Regime for Government Workers (RJU), with large tax-related distortions, and labor market inefficiency. Thus the goals of Brazil's reforms are to reduce fiscal deficits, lower actuarial imbalances, increase equity and redistribution, reduce collateral inefficiencies, and facilitate growth of funded pensions. The study implies there is no recourse for the country, but to lower the high, uniform replacement rates (experience suggests that rates higher than 40-70 percent, cannot be sustained) and, spells out that the key to effective reform of social security, is widening the debate to include potential winners from these changes, particularly the private sector, the young, and the poor. Policy recommendations suggest, that the adverse equity effects of RGPS reforms, should be widely publicized to generate political support for deeper RJU reform. 2013-08-09T19:29:58Z 2013-08-09T19:29:58Z 2000-06-19 http://documents.worldbank.org/curated/en/2000/06/729055/brazil-critical-issues-social-security-vol-2-2-policy-report http://hdl.handle.net/10986/14969 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Latin America & Caribbean Brazil |
| 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 |
ADMINISTRATIVE CAPACITY AFFILIATES ANNUITY ANNUITY CONVERSION ANNUITY CONVERSION FACTOR BENEFIT FORMULA BENEFIT LEVEL CIVIL SERVICE CIVIL SERVICE PENSIONS CONSENSUS CONSTITUTION CONTRIBUTION PERIOD CONTRIBUTION RATE CONTRIBUTION RATES DEFICITS DEPOSITS DOMESTIC SAVINGS EMPLOYMENT EQUITY FEDERAL EMPLOYEES FEDERAL GOVERNMENT FINANCIAL INSTITUTIONS FINANCIAL SYSTEM FISCAL FISCAL FISCAL ADJUSTMENT FISCAL BALANCE FISCAL BURDEN FISCAL SITUATION FISCAL YEAR FUNDED SCHEMES GOVERNMENT AGENCIES GOVERNMENT DEBT GOVERNMENT STATISTICS HUMAN RESOURCES INCOME INEQUALITY INFLATION INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTEREST RATES INTERNATIONAL MONETARY FUND JUDICIARY LABOR MARKET LABOR MARKET EFFICIENCY LABOR MOBILITY LACK OF TRANSPARENCY LEGISLATION LEGISLATURE LEVELS OF GOVERNMENT LIFE EXPECTANCY LIVING STANDARDS MUNICIPALITIES MUTUAL FUNDS NATIONAL DEVELOPMENT NATIONAL GOVERNMENTS PAYROLL TAX PAYROLL TAXES PENSION DEBT PENSION FUND PENSION FUNDS PENSION FUNDS PENSION LIABILITIES PENSION PLAN PENSION PLANS PENSION REFORM PENSION RESERVES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS POLICY IMPLICATIONS PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATIZATION PRIVILEGED WORKERS PUBLIC DEBT PUBLIC SECTOR REGULATORY AGENCY REGULATORY FRAMEWORK REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT BENEFITS RETIREMENT FUNDS RETIREMENT PLAN SOCIAL ASSISTANCE SOCIAL JUSTICE SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY AGENCY SOCIAL SECURITY BENEFITS SOCIAL SECURITY REFORM STATE ADMINISTRATION STATE BANKS STATE ENTERPRISES STATE GOVERNMENT STATE-OWNED ENTERPRISES TAX RATES TAXATION WAGES WORKER CONTRIBUTION SOCIAL SECURITY SYSTEMS POLICY REFORM FISCAL CONSTRAINTS ADMINISTRATIVE CONSTRAINTS PENSION COVERAGE PENSION FUNDS ADMINISTRATION PENSION TAXATION LABOR MARKET POLICY FISCAL DEFICITS EQUITY FUNDS PRIVATE SECTOR PARTICIPATION POVERTY ALLEVIATION MECHANISMS POLITICAL POWER |
| spellingShingle |
ADMINISTRATIVE CAPACITY AFFILIATES ANNUITY ANNUITY CONVERSION ANNUITY CONVERSION FACTOR BENEFIT FORMULA BENEFIT LEVEL CIVIL SERVICE CIVIL SERVICE PENSIONS CONSENSUS CONSTITUTION CONTRIBUTION PERIOD CONTRIBUTION RATE CONTRIBUTION RATES DEFICITS DEPOSITS DOMESTIC SAVINGS EMPLOYMENT EQUITY FEDERAL EMPLOYEES FEDERAL GOVERNMENT FINANCIAL INSTITUTIONS FINANCIAL SYSTEM FISCAL FISCAL FISCAL ADJUSTMENT FISCAL BALANCE FISCAL BURDEN FISCAL SITUATION FISCAL YEAR FUNDED SCHEMES GOVERNMENT AGENCIES GOVERNMENT DEBT GOVERNMENT STATISTICS HUMAN RESOURCES INCOME INEQUALITY INFLATION INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTEREST RATES INTERNATIONAL MONETARY FUND JUDICIARY LABOR MARKET LABOR MARKET EFFICIENCY LABOR MOBILITY LACK OF TRANSPARENCY LEGISLATION LEGISLATURE LEVELS OF GOVERNMENT LIFE EXPECTANCY LIVING STANDARDS MUNICIPALITIES MUTUAL FUNDS NATIONAL DEVELOPMENT NATIONAL GOVERNMENTS PAYROLL TAX PAYROLL TAXES PENSION DEBT PENSION FUND PENSION FUNDS PENSION FUNDS PENSION LIABILITIES PENSION PLAN PENSION PLANS PENSION REFORM PENSION RESERVES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS POLICY IMPLICATIONS PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATIZATION PRIVILEGED WORKERS PUBLIC DEBT PUBLIC SECTOR REGULATORY AGENCY REGULATORY FRAMEWORK REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT BENEFITS RETIREMENT FUNDS RETIREMENT PLAN SOCIAL ASSISTANCE SOCIAL JUSTICE SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY AGENCY SOCIAL SECURITY BENEFITS SOCIAL SECURITY REFORM STATE ADMINISTRATION STATE BANKS STATE ENTERPRISES STATE GOVERNMENT STATE-OWNED ENTERPRISES TAX RATES TAXATION WAGES WORKER CONTRIBUTION SOCIAL SECURITY SYSTEMS POLICY REFORM FISCAL CONSTRAINTS ADMINISTRATIVE CONSTRAINTS PENSION COVERAGE PENSION FUNDS ADMINISTRATION PENSION TAXATION LABOR MARKET POLICY FISCAL DEFICITS EQUITY FUNDS PRIVATE SECTOR PARTICIPATION POVERTY ALLEVIATION MECHANISMS POLITICAL POWER World Bank Brazil : Critical Issues in Social Security, Volume 2. Policy Report |
| geographic_facet |
Latin America & Caribbean Brazil |
| description |
The study consists of two volumes, the
first volume contains a detailed summary of the report
findings, and policy implications, and, the second volume,
the Policy Report, contains discussions on policy
recommendations for each of the components of the Brazilian
social security system. An overview on the dimensions of the
social security challenge, reviews the system components,
revealing unsustainable fiscal imbalances, and
administrative weaknesses in both the unreformed General
Regime for Social Security (RGPS), and the Pension Regime
for Government Workers (RJU), with large tax-related
distortions, and labor market inefficiency. Thus the goals
of Brazil's reforms are to reduce fiscal deficits,
lower actuarial imbalances, increase equity and
redistribution, reduce collateral inefficiencies, and
facilitate growth of funded pensions. The study implies
there is no recourse for the country, but to lower the high,
uniform replacement rates (experience suggests that rates
higher than 40-70 percent, cannot be sustained) and, spells
out that the key to effective reform of social security, is
widening the debate to include potential winners from these
changes, particularly the private sector, the young, and the
poor. Policy recommendations suggest, that the adverse
equity effects of RGPS reforms, should be widely publicized
to generate political support for deeper RJU reform. |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Brazil : Critical Issues in Social Security, Volume 2. Policy Report |
| title_short |
Brazil : Critical Issues in Social Security, Volume 2. Policy Report |
| title_full |
Brazil : Critical Issues in Social Security, Volume 2. Policy Report |
| title_fullStr |
Brazil : Critical Issues in Social Security, Volume 2. Policy Report |
| title_full_unstemmed |
Brazil : Critical Issues in Social Security, Volume 2. Policy Report |
| title_sort |
brazil : critical issues in social security, volume 2. policy report |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2000/06/729055/brazil-critical-issues-social-security-vol-2-2-policy-report http://hdl.handle.net/10986/14969 |
| _version_ |
1764427753899163648 |