Keeping the Promise of Old Age Income Security in Latin America
Many Latin American governments have radically restructured their old age income security systems, starting with Chile's 1981 pension reform. The reforms move national pension system from purely social to largely individual responsibility; fro...
| Main Authors: | , , , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Online Access: | http://documents.worldbank.org/curated/en/2004/09/5436307/keeping-promise-old-age-income-security-latin-america http://hdl.handle.net/10986/10349 |
| Summary: | Many Latin American governments have
radically restructured their old age income security
systems, starting with Chile's 1981 pension reform. The
reforms move national pension system from purely social to
largely individual responsibility; from risk pooling to
individual savings accounts. They maintain reduced public
risk pooling features, combined with mandatory and voluntary
individual private savings to finance pensions and diversify
the risks to adequate income in old age-the multi-pillar approach. |
|---|