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Universal Minimum Old Age Pensions : Impact on Poverty and Fiscal Cost in 18 Latin American Countries

Autor: Dethier, Jean-Jacques; Pestieau, Pierre; Ali, Rabia.
Año: 2010
Resumen: Alleviating poverty for the elderly requires a different approach from other age groups, and a minimum pension is likely to be the only viable option. This paper examines the impact on old age poverty and the fiscal cost of universal minimum old age pensions in 18 Latin American countries using recent household survey data. First the authors measure old age poverty rates for these countries. Then they discuss the design of minimum pensions schemes -- means-tested or not -- as well as the disincentives they introduce for the economic and social behavior of households including labor supply, saving and family solidarity. Finally, the authors use household survey data to simulate the fiscal cost and the impact on poverty rates of alternative minimum pension schemes in the 18 countries. They show that a universal minimum pension would substantially reduce poverty among the elderly (except in Argentina, Brazil, Chile and Uruguay where minimum pension systems already exist and poverty rates are low). Such schemes have much to be commended in terms of incentives, spillover effects and administrative simplicity, but they have a high fiscal cost. The latter is a function of the age at which benefits are awarded, the prevailing longevity, the generosity of benefits, the efficacy of means testing, and the fiscal capacity of the country.

Fuente: Banco Mundial
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

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Descripción Y Análisis De Los Esquemas De Multifondos En Los Sistemas De Pensiones De América Latina Y Europa Del Este

Autor: Federación Internacional de Administradoras de Fondos de Pensiones (FIAP)
Año: 2010
Resumen: El objetivo de este documento es describir las regulaciones de los esquemas de multifondos (o portafolios múltiples) en distintos países que han adoptado programas de pensiones basados en la capitalización individual. En América Latina, existen esquemas de multifondos en Chile (2002), México (2005) y Perú (2005). Colombia implementará un sistema de multifondos el año 2011. Entre los países de Europa del Este, Estonia implementó este sistema en el año 2002, Letonia en el 2003 y Eslovaquia en el 2005. Hungría comenzó a operar este tipo de esquema en forma voluntaria a partir del año 2007, pero a partir del 2009 tomó carácter obligatorio. Finalmente, Lituania implementó un sistema de multifondos en el año 2004.

Fuente: Federación Internacional de Administradoras de Fondos de Pensiones (FIAP)
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Informes
Idioma:

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Georgia Demographic Change : Implications for Social Programs and Poverty

Autor: Banco Mundial
Año: 2010
Resumen: This note provides an overview of demographic changes and their policy implications in Georgia, with particular reference to the poor. Georgia's population is expected to decline between 2010 and 2050, and this trend will be accompanied by a growing elderly cohort and a rising total dependency ratio. The note emphasizes four interrelated policy topics. These are labor force participation, labor force productivity, and potential cost pressures arising from the pension system and from the health sector. In each area, special attention is given to the linkages between these issues, social spending programs, and opportunities for targeting the poor. The note does not present specific policy recommendations, but instead outlines broad areas where future analytical work might be undertaken to arrive at more precise policy options. The note is structured as follows. The next section summarizes the key demographic trends underway in Georgia. Section three presents a profile of poverty and social spending by age. Section four analyzes the four policy issues listed in column two of table one. In each of these sections, the poverty reduction angle is emphasized. The final section provides a summary of the key messages, with an emphasis on policy priorities going forward.

Fuente: Banco Mundial
Clasificación: Demografía
Tipo de Publicación: Notas de Pensiones
Idioma:

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Efectos de la Crisis Financiera sobre los Sistemas de pensiones en América Latina

Autor: Marcel, Mario; Tapia Troncoso, Waldo
Año: 2010
Resumen: Los efectos de la reciente crisis financiera internacional en los fondos de pensiones de América Latina muestran que ésta no solo ha afectado su rentabilidad sino que también la densidad de las cotizaciones como producto del mayor desempleo, informalidad y evasión de aportes a que ha dado lugar la recesión.

Fuente: Banco Interamericano de Desarrollo (BID)
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

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Pension Funds' Risk-Management Framework Regulation and Supervisory Oversight

Autor: Stewart, Fiona; Yermo, Juan
Año: 2010
Resumen: Drawing on the experience of the pensions and other financial sectors, this paper examines what sort of risk-management framework pension funds should have in place. Such frameworks are broken down into four main categories: management oversight and culture; strategy and risk assessment; control systems; and information and reporting. Ways in which supervisory authorities can check that such systems are operating are also considered, with a check list provided to assist pension supervisory authorities with their oversight of this important area.

Fuente: Organización para la Cooperación y el Desarrollo Económico (OCDE)
Clasificación: Regulación y Supervisión
Tipo de Publicación: Documentos de Trabajo
Idioma:

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