Bosnia and Herzegovina Pension System Note
The Bosnia and Herzegovina (BH) pension system currently consists of two pension funds, each functioning in one o f the two entities making up Bosnia and Herzegovina, the Federation (FBiH) and Republika Srpska (RS). Both pension systems have alread...
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/06/7934756/bosnia-herzegovina-pension-system-note http://hdl.handle.net/10986/19243 |
| Summary: | The Bosnia and Herzegovina (BH) pension
system currently consists of two pension funds, each
functioning in one o f the two entities making up Bosnia and
Herzegovina, the Federation (FBiH) and Republika Srpska
(RS). Both pension systems have already undertaken
substantial reforms supported by the World Bank. However,
critical problems still exist in both systems and will only
worsen with time. This note provides an evaluation of the
current system and provides some possible reform options.
The note is organized as follows: Section 2 contains a brief
overview of the historical development of the pension
systems, Section 3 contains a brief overview of the current
demographics and financial status of the pension funds,
Section 4 provides a detailed review of the pension system
design parameters in each system, providing international
comparisons, Section 5 provides projections of the financial
and social consequences of today's parameters, Section
6 provides some reform options which harmonize parameters
across the two entities and remove the most obvious
disincentives in the current systems, Section 7 provides a
longer run view on options for dealing with declining
pension coverage among the elderly, and Section 8 concludes. |
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