Afghanistan Public Sector Pension Scheme : From Crisis Management to Comprehensive Reform Strategy

After years of dealing with pension policy in crisis management mode, the Government of Afghanistan has begun the process of formulating a national pension policy based on a long-term vision. Until very recently the Government had been focused on s...

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Bibliographic Details
Main Author:	Sluchynsky, Oleksiy
Format:	Policy Note
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNTING ACCOUNTING SYSTEMS ACCRUAL ACCOUNTING ACCRUAL RATE ACCRUAL RATES ADJUSTMENT MECHANISM ADJUSTMENT MECHANISMS ADMINISTRATIVE BURDEN ADMINISTRATIVE CAPACITY ADMINISTRATIVE REFORM ADMINISTRATIVE REFORMS ADVERSE EFFECTS AFFORDABILITY AGING POPULATION ANNUITIES ANNUITY ARREARS BANK DEPOSITS BANKING BANKING SYSTEM BASIC PENSION BENEFICIARIES BENEFICIARY BENEFIT FORMULA BENEFIT LEVEL BENEFIT LEVELS BENEFIT PAYMENTS BENEFIT RATE BENEFIT RATES BENEFIT SCHEMES BIAS BOND BOND OPTION BONDS BORROWING BUDGET BUDGETING CAPACITY BUILDING CASH FLOWS CASH PAYMENTS CENTRAL BANK CHILDREN CIVIL SERVICE PENSION CIVIL SERVICE PENSIONS COLLECTION PROCESS COMPENSATION CONSUMPTION SMOOTHING CONTRACTS CONTRACTUAL OBLIGATIONS CONTRIBUTION COLLECTION CONTRIBUTION RATE CONTRIBUTION RATES CONVERSION CONVERSIONS CREDIT CREDITS CS CURRENCY DEFICIT DEFINED BENEFIT DEFINED BENEFIT PLAN DEFINED BENEFIT SCHEME DEFINED BENEFIT SCHEMES DEFINED CONTRIBUTION PENSION DEFINED CONTRIBUTIONS DISABILITY DISABILITY PENSIONS DISABLED DISCOUNT DISCOUNT RATE DISCOUNT RATES DISTRIBUTION OF INCOME EARNINGS ECONOMIC ACTIVITY ELDERLY EMPLOYEE EMPLOYEES EMPLOYER EMPLOYER CONTRIBUTIONS EMPLOYERS ENFORCEMENT ENTERPRISES EQUITABLE TREATMENT EQUITY EXCHANGE FAMILIES FAMILY FINANCE FINANCES FINANCIAL ANALYSIS FINANCIAL MANAGEMENT FINANCIAL RISKS FINANCIAL SUSTAINABILITY FINANCING FINANCING NEEDS FISCAL RESOURCES FRAUD FUNDED COMPONENT FUNDED SCHEMES FUNDING SOURCES FUTURE FUTURE PAYMENTS FUTURE PENSION GOVERNANCE GOVERNMENT INTERVENTION GUARANTEE GUARANTEES HEALTH HOME HUMAN DEVELOPMENT HUMAN RESOURCE IMPLICIT DEBT IMPRISONMENT INCOME INCOMES INDIVIDUAL ACCOUNTS INDIVIDUAL PENSIONER INFLATION INFLATION INDEXATION INFORMATION FLOW INFORMATION SYSTEMS INFORMATION TECHNOLOGY INITIAL INVESTMENTS INSTITUTIONAL CAPACITY INSURANCE INTEREST INTEREST RATE INVESTMENT INVESTMENT PERFORMANCE INVESTMENT RETURNS INVESTMENT RISK INVESTMENTS JURISDICTION LABOR FORCE LACK OF INFORMATION LACK OF KNOWLEDGE LEGAL DRAFTING LEGAL FRAMEWORK LIABILITY LIVING STANDARDS MANDATORY SCHEMES MARKET MARKET RETURNS MARRIAGE MORTALITY MORTALITY TABLE MORTALITY TABLES NATIONAL PENSION NORMAL RETIREMENT AGE NOTIONAL ACCOUNTS OPTION OPTIONS PAYMENT PAYMENT SYSTEM PAYROLL TAXES PENSION PENSION ADMINISTRATION PENSION AGENCY PENSION BENEFIT PENSION BENEFITS PENSION CONTRIBUTION PENSION CONTRIBUTIONS PENSION DEBT PENSION EXPENDITURE PENSION EXPENDITURES PENSION FORMULA PENSION FUND PENSION LAW PENSION LIABILITIES PENSION OBLIGATIONS PENSION PAYMENTS PENSION PLAN PENSION POLICIES PENSION POLICY PENSION PROGRAM PENSION PROVISIONS PENSION REFORM PENSION REGULATION PENSION RIGHTS PENSION SAVINGS PENSION SCHEME PENSION SCHEMES PENSION SPENDING PENSION SYSTEM PENSION VALUE PENSION VALUES PENSIONERS PENSIONS PHYSICAL ASSETS POLICE OFFICERS POVERTY PRICE PRIVATE PENSION PRIVATIZATION PRODUCTIVE INVESTMENTS PROVIDENT FUNDS PUBLIC PENSION PUBLIC SCHEME PUBLIC SCHEMES PURCHASING POWER RATE OF RETURN RATES OF RETURN RECEIPT RECEIPTS REFORM PROGRAM REGULAR PAYMENTS REPLACEMENT RATE REPLACEMENT RATES RESERVE RESERVES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT BENEFITS RETIREMENT SAVINGS RETURN REVENUES SAFETY NET SAVING SECURITY SHARE SHARES SHORT-TERM FINANCING SOCIAL ASSISTANCE SOCIAL PROTECTION SOURCE OF INCOME STOCK SUBSIDIES SUBSIDY SURVIVOR PENSION TAX TECHNICAL ASSISTANCE TRANSPARENCY TREASURY TRUSTEES UNFUNDED PENSION WAGE GROWTH WELFARE WIDOW WILL
Online Access:	http://documents.worldbank.org/curated/en/2008/06/16290180/afghanistan-public-sector-pension-scheme-crisis-management-comprehensive-reform-strategy http://hdl.handle.net/10986/19482

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Summary:	After years of dealing with pension policy in crisis management mode, the Government of Afghanistan has begun the process of formulating a national pension policy based on a long-term vision. Until very recently the Government had been focused on short-term policy actions to alleviate growing pressure on the budget. While these measures were necessary, pension policy must take a long term view. Recently, the Government has developed a comprehensive reform package and initiated the process of legal drafting. A reformed system must have clear objectives, be fiscally sustainable, and address needs of various population groups. The final choices will need to be made as to mandate and design and administrative arrangements of the reformed system. The challenge is to ensure that the measures taken in the next few years do not make it more difficult to pursue certain preferred policies later. This paper shows that, according to the financial projections, there is now a window of opportunity for implementing a reform of the system.

Afghanistan Public Sector Pension Scheme : From Crisis Management to Comprehensive Reform Strategy

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