The Pension System in Iran : Challenges and Opportunities, Volume 1. Main Report

The present report evaluates the Iranian pension system and proposes a series o f policy interventions to improve outreach, financing mechanisms, incentives, equity, and management. It has been prepared at the request o f the Management and Planning Organization. Given data constraints, the analysis concentrates primarily on the Social Security Organization and the Civil Servants Retirement Organization, the two main pension funds. Occupational funds and non- contributory regimes are surveyed only briefly. The need to look more closely at these schemes in the near future i s emphasized. The report i s organized in eight sections. Section 1 presents the background o f the study. Section 2 provides a general overview o f the Iranian pension system. Sections 3 and 4 present detailed assessments of the Social Security Organization and the Civil Servants Retirement Organization. Section 5 concentrates on the tax treatment o f retirement savings. Section 6 proposes a framework for guiding pension reform, presents a typology o f pension mechanisms, and reviews international experiences. On the basis o f this framework, Section 7 outlines strategic directions for reforming the Iranian pension system and analyzes the financial and fiscal implications. Finally, Section 8 discusses the political economy o f pension reform and recommends necessary steps for the design and implementation o f a successful reform program.

Bibliographic Details

Main Author:	World Bank
Format:	Policy Note biblioteca
Language:	English en_US
Published:	Washington, DC 2003-09
Subjects:	ACCOUNTABILITY, ACCRUAL RATES, ACCUMULATION PERIOD, ACTUARIES, ANNUITIES, AUDITING, AUDITS, BALANCE SHEETS, BENEFICIARIES, BENEFIT FORMULA, CAPITALIZATION, CIVIL SERVICE, CONTINGENT LIABILITIES, CONTRACTUAL SAVINGS, CONTRIBUTION RATE, CONTRIBUTION RATES, CONTRIBUTORY SYSTEMS, COVERAGE, CURRENT ASSETS, DEBT, DEFINED CONTRIBUTIONS, DEVELOPMENT POLICIES, EARLY RETIREMENT PROGRAMS, ECONOMIC COOPERATION, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC SECTORS, EXCHANGE RATE, EXPENDITURES, FIDUCIARY, FIDUCIARY RESPONSIBILITIES, FINANCIAL MARKETS, FINANCIAL SECTOR, FISCAL POLICY, FISCAL YEAR, FULL-CAREER WORKER, GDP, GDP PER CAPITA, GOVERNMENT BONDS, GROSS EARNINGS, GROWTH RATE, HUMAN DEVELOPMENT, INCOME, INDEXATION, INDIVIDUAL ACCOUNTS, INSURANCE, INSURANCE SYSTEM, INTEREST RATE, LABOR FORCE, LABOR MARKETS, LABOR PRODUCTIVITY, LIFE EXPECTANCIES, LIFE EXPECTANCY, LIFE INSURANCE, LIFETIME EARNINGS, LIQUIDITY, MACROECONOMIC CONDITIONS, MANDATES, MANDATORY SAVINGS, MARKET DISTORTIONS, MARKET POWER, NEW ENTRANTS, PAYOUT PERIOD, PENSION FUND, PENSION FUNDS, PENSION LIABILITIES, PENSION PLANS, PENSION REFORM, PENSION REFORMS, PENSION SCHEMES, PENSION SYSTEM, PENSION SYSTEMS, PENSIONERS, POLICY INSTRUMENTS, POLITICAL ECONOMY, PRIVATIZATION, PRODUCTIVITY GROWTH, PROFITABILITY, PUBLIC DEBT, PUBLIC ENTERPRISES, PUBLIC SYSTEM, PURCHASING POWER, REPLACEMENT RATE, REPLACEMENT RATES, RESERVES, RETIREES, RETIREMENT, RETIREMENT AGE, RETIREMENT AGES, RETIREMENT PLANS, RETIREMENT SAVINGS, SAVINGS, SAVINGS ACCOUNTS, SAVINGS SCHEMES, SOCIAL ASSISTANCE, SOCIAL ASSISTANCE PROGRAMS, SOCIAL PROTECTION, SOCIAL SECURITY, SUPERVISORY FRAMEWORK, SUPERVISORY INFRASTRUCTURE, SURVIVOR BENEFITS, SURVIVOR PENSIONS, SUSTAINABILITY, TAX TREATMENT, TRANSFERRED ASSETS, UNEMPLOYMENT, UNEMPLOYMENT INSURANCE, UNEMPLOYMENT RATES, VALUATION, WAGE HISTORIES, WAGES PENSION SYSTEMS, OUTREACH ACTIVITIES, FINANCING PROGRAMS, INCENTIVES, EQUITY OBJECTIVES, PENSION FUND MANAGEMENT, SOCIAL SECURITY SYSTEMS, RETIREMENT PROGRAMS, PENSION FUNDS TAXATION, CIVIL SERVICE PENSIONS, CIVIL SERVICE PENSIONS INVESTMENTS ADMINISTRATION, PENSION COVERAGE, RATES OF RETURN, WORKERS PENSION CONTRIBUTIONS, RISK ALLOCATION, MANDATORY SAVING PROGRAMS, GOVERNANCE CAPACITY, INSTITUTIONAL CAPACITY, SAVINGS PROMOTION,
Online Access:	http://documents.worldbank.org/curated/en/2003/09/2637393/iran-pension-system-iran-challenges-opportunities-vol-1-2-main-report http://hdl.handle.net/10986/14645
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