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A Crisis of Longer Life: Reforming Pension Systems

Published online by Cambridge University Press:  10 June 2011

C.D. Daykin  and
D. Lewis
C.D. Daykin
Affiliation:
Government Actuary's Department, 22 Kingsway, London, WC2B 6LE, U.K. Tel: +44(0)171-211-2620; Fax: +44(0)171-211-2650; E-mail: chris.daykin@gad.gov.uk
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Abstract

Social security pension schemes around the world are facing a number of problems, of which demographic ageing is the most commonly discussed. This paper provides an overview of expected future demographic developments in European Union and some other OECD countries, and evaluates some of the range of solutions which have been, or are being, considered to address this and other problems facing social security in the late 1990s, drawing on examples from OECD countries, from Latin America and from central and eastern Europe. Consideration is given to the possibilities for increasing the level of funding in social security pension schemes or developing funded complementary pension schemes.

Keywords

PensionsSocial SecurityDemographyFundingSavings
Type
Sessional meetings: papers and abstracts of discussions
Information
British Actuarial Journal , Volume 5 , Issue 1 , 01 April 1999 , pp. 55 - 113
Copyright
Copyright © Institute and Faculty of Actuaries 1999

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