Fiscal Projections for Pension System of Belarus

This note attempts to describe the pension system in Belarus including its fiscal performance, redistributive aspects benefit levels and benefit eligibility conditions. The note also discusses the challenging demographic environment which Belarus pension system is expected to face in the future and explores alternative paths that the system could take in this environment. Some reform scenarios are explored including the increase in retirement ages, changes in benefit indexation rules and the introduction of notional defined contribution accounts.

Bibliographic Details

Main Author:	World Bank
Format:	Legal and Judicial Sector Assessment biblioteca
Language:	English en_US
Published:	Washington, DC 2011-05
Subjects:	ANNUITY, AVERAGE BENEFIT, AVERAGE WAGE, BASIC PENSION, BENEFICIARIES, BENEFICIARY, BENEFIT FORMULA, BENEFIT INDEXATION, BENEFIT LEVELS, COMPENSATION, CONTRIBUTION RATE, CONTRIBUTION RATES, DEMOGRAPHIC, DEPENDENCY RATIO, DISABILITY, DISCOUNT RATES, DRIVERS, EARLY RETIREMENT, EARLY RETIREMENT PROGRAM, EARLY RETIREMENT PROGRAMS, EARNING, ELDERLY, EMPLOYEE, EMPLOYMENT, EMPLOYMENT LAW, EMPLOYMENT OPPORTUNITIES, EU, EXPENDITURE, FEMALE, FEMALES, FERTILITY, FERTILITY RATE, FERTILITY RATES, FINANCES, FINANCIAL CRISIS, FISCAL DEFICITS, FUNDED PENSION, FUTURE INCOME, GENDERS, GOVERNMENT INVOLVEMENT, GROWTH RATE, HIGH WAGE, INCOME REDISTRIBUTION, INCOME STREAM, INCOME TAX, INCOMES, INDIVIDUAL ACCOUNTS, INEQUALITY, INFLATION, INSTITUTIONAL ENVIRONMENTS, INTEREST RATE, INTEREST RATES, JOBS, LABOR FORCE, LABOR FORCE PARTICIPATION, LABOR MARKET, LABOR MARKETS, LIFE EXPECTANCIES, LIFE EXPECTANCY, LIVING STANDARDS, MACROECONOMIC ENVIRONMENT, MACROECONOMIC VOLATILITY, MINIMUM WAGE, MORTALITY, NOMINAL WAGE, NOTIONAL ACCOUNT, NOTIONAL ACCOUNT SYSTEM, NOTIONAL ACCOUNTS, OCCUPATION, OCCUPATIONS, OLDER WORKERS, PENSION, PENSION AGE, PENSION BENEFIT, PENSION BENEFITS, PENSION CONTRIBUTION, PENSION EXPENDITURES, PENSION FUND, PENSION FUND MEMBERSHIP, PENSION INCOME, PENSION LAW, PENSION PLAN, PENSION POLICY, PENSION REFORM, PENSION RIGHTS, PENSION SCHEME, PENSION SYSTEM, PENSION SYSTEM PARAMETER, PENSION SYSTEMS, PENSIONABLE AGE, PENSIONER, PENSIONERS, PENSIONS, PREFERENTIAL TREATMENT, PREVIOUS DISCUSSION, PRICE INDEXATION, PURCHASING POWER, REAL WAGE, REPLACEMENT RATE, REPLACEMENT RATES, RETIREE, RETIREES, RETIREMENT, RETIREMENT ACCOUNTS, RETIREMENT AGE, RETIREMENT AGES, RETIREMENT BENEFITS, RETIREMENT INCOME, RETIREMENT OPTION, RETIREMENT PERIODS, RETIREMENT-INCOME, SAVINGS, SAVINGS ACCOUNT, SAVINGS ACCOUNTS, SERVANTS, SOCIAL INSURANCE, SOCIAL INSURANCE CONTRIBUTIONS, SOCIAL PROTECTION, SOCIAL SECURITY, SOCIAL TRANSFER, SUBSIDIZED WORKER, SURVIVOR PENSIONS, TRANSFER PAYMENTS, UNEMPLOYED, VOLATILITY, WAGE BILL, WAGE GROWTH, WILL, WOMAN, WORKER, WORKERS, WORKING PENSIONERS,
Online Access:	http://documents.worldbank.org/curated/en/2011/05/16281971/fiscal-projections-pension-system-belarus http://hdl.handle.net/10986/12564
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