Republic of Niger : Towards an Integrated and Sustainable Pension System

This report was prepared at the request of the Government of Niger to: (i) provide a comprehensive assessment of the Nigerien pension system, (ii) analyze current reform initiatives and recommend possible refinements and alternatives, and (iii) examine implementation challenges. To this end, the report develops a set of general guidelines to assess reform options in terms the adequacy of benefits, security, financial sustainability, redistribution, incentives, and administrative efficiency. The core of the report is organized in three chapters. After providing a summary of the background (chapter one), chapter two develops the policy framework and updates the assessment of the mandatory pension systems. The assessment looks at the financial situation of the schemes but also discusses other problems that had been previously overlooked in terms of the adequacy of benefits; the type of redistribution; as well as issues related to incentives. Chapter three reviews Government ongoing reform initiatives, summarizes the international experiences that are relevant to Niger, and, presents recommendations to strengthen current policies by outlining the components of a multi-year reform program, and developing a road map towards implementation.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2009-06-30
Subjects:	ACCESS TO INFORMATION, ACCOUNTING, ACCRUAL RATE, ACCRUAL RATES, ADMINISTRATIVE COST, ADMINISTRATIVE COSTS, ADMINISTRATIVE SUPPORT, ARREARS, AVERAGE EARNINGS, AVERAGE PENSION, AVERAGE WAGE, BALANCE SHEET, BANK ACCOUNT, BANKS, BENEFICIARIES, BENEFIT FORMULA, BENEFIT FORMULAS, BENEFIT PAYMENTS, CALCULATION, CALCULATIONS, CAPACITY BUILDING, CAPITAL MARKETS, CONSUMER, CONSUMER PRICE INDEX, CONTINGENT LIABILITIES, CONTRIBUTION, CONTRIBUTION RATE, CONTRIBUTION RATES, CONTRIBUTIONS, CREDIBILITY, CREDITOR, CURRENT PENSION, DEFICITS, DEFINED BENEFIT, DEFINED BENEFIT PENSION, DEFINED BENEFIT PENSIONS, DEFINED BENEFIT SCHEMES, DEMOGRAPHIC, DEPENDENCY RATIO, DEPENDENCY RATIOS, DEPOSIT, DEPOSITS, DISABILITY, DISABILITY PENSION, DISABILITY PENSIONS, DIVERSIFICATION, EARLY RETIREMENT, EARNINGS, ECONOMIC CONDITIONS, ECONOMIC EFFICIENCY, EFFICIENT INVESTMENT, ELDERLY, EMPLOYEE, EMPLOYMENT, EXPENDITURE, FAMILY ALLOWANCE, FAMILY ALLOWANCES, FINANCES, FINANCIAL PROBLEM, FINANCIAL PROBLEMS, FINANCIAL SECTOR, FINANCIAL SITUATION, FINANCIAL SUPPORT, FINANCIAL SUSTAINABILITY, FISCAL PROBLEM, FULL-CAREER WORKERS, FUTURE PENSION, FUTURE PENSIONS, GENERAL POPULATION, GOVERNMENT BUDGET, GROSS WAGE, GROWTH RATE, HUMAN DEVELOPMENT, HUMAN RESOURCE, HUMAN RESOURCES, IMPLICIT INTEREST, INCOME, INCOME FLOWS, INCOME LEVEL, INCOME LEVELS, INCOME REPLACEMENT, INCOMES, INFLATION, INFLATION TARGET, INFORMAL SECTOR, INFORMAL SECTORS, INFORMATION SYSTEM, INFORMATION SYSTEMS, INFORMATION TECHNOLOGIES, INFORMATION TECHNOLOGY, INSTITUTIONAL CAPACITIES, INSTITUTIONAL CAPACITY, INSURANCE, INTEREST RATE, INTERNATIONAL STANDARDS, INVESTMENT POLICIES, INVESTMENT PORTFOLIO, INVESTMENT PROCESS, INVESTMENT STRATEGIES, LABOR FORCE, LABOR MARKET, LABOR MARKETS, LABOR PRODUCTIVITY, LAYOFFS, LIFE EXPECTANCY, LOW INCOME, LOW-INCOME, LOW-INCOME COUNTRY, LOW-INCOME WORKERS, MANDATORY PENSION FUND, MANDATORY SCHEMES, MINIMUM PENSION, MINIMUM PENSIONS, MORTALITY, NATIONAL PENSION, NEGOTIABLE INSTRUMENTS, NET WAGE, NET WAGES, OLD-AGE INCOME, OLD-AGE PENSION, OLD-AGE PENSIONS, OPPORTUNITY COSTS, ORGANIZATIONAL STRUCTURE, OUTPUT, PAYROLL TAX, PAYROLL TAXES, PENSION, PENSION CONTRIBUTIONS, PENSION COVERAGE, PENSION EXPENDITURE, PENSION EXPENDITURES, PENSION FUND, PENSION FUNDS, PENSION LIABILITIES, PENSION PAYMENTS, PENSION PLAN, PENSION PLANS, PENSION REFORM, PENSION RIGHTS, PENSION SCHEMES, PENSION SYSTEM, PENSION SYSTEM REFORM, PENSION SYSTEMS, PENSIONER, PENSIONS, PENSIONS SYSTEMS, POVERTY RATES, PRICE INDEX, PRODUCTIVITY, PUBLIC EXPENDITURES, PUBLIC GOODS, PUBLIC PENSION, PUBLIC PENSION SCHEME, PUBLIC SYSTEM, PURCHASING POWER, REAL ESTATE, REAL ESTATE INVESTOR, RECORD KEEPING, RECURRENT EXPENDITURES, REFORM PROGRAM, REFORM PROGRAMS, REPLACEMENT RATE, REPLACEMENT RATES, RESERVES, RESPONSIBILITIES, RETIRED, RETIRED WORKERS, RETIREES, RETIREMENT, RETIREMENT AGE, RETIREMENT AGES, RETIREMENT INCOME, RETURN, RETURN ON CONTRIBUTION, RETURN ON CONTRIBUTIONS, RETURNS, RISK MANAGEMENT SYSTEM, SALARIES, SALARY, SAVINGS, SAVINGS CAPACITY, SAVINGS FOR RETIREMENT, SECURITY STANDARDS, SERVANTS, SETTLEMENT, SOCIAL COST, SOCIAL DEVELOPMENT, SOCIAL INVESTMENT, SOCIAL PENSIONS, SOCIAL PROTECTION, SOCIAL RISK, SOCIAL RISK MANAGEMENT, SOCIAL SECURITY, SOCIAL SECURITY CONTRIBUTION, SOCIAL SECURITY CONTRIBUTIONS, SOCIAL SECURITY REFORM, SOCIAL SECURITY SYSTEM, STAKEHOLDERS, STRUCTURAL PROBLEMS, SURVIVORS PENSIONS, TAX, TECHNICAL ASSISTANCE, TRANSPARENCY, TREASURY, TREASURY BILLS, UNSKILLED LABOR, UNSKILLED WORKERS, VALUABLE, VALUE OF PENSIONS, VOLUNTARY PENSION, WAGE, WAGE GROWTH, WAGES, YOUNG PEOPLE,
Online Access:	http://documents.worldbank.org/curated/en/2009/06/10946536/niger-towards-integrated-sustainable-pension-system https://hdl.handle.net/10986/18892
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