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 p...

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Bibliographic Details
Main Author: World Bank
Format: Legal and Judicial Sector Assessment
Language:English
en_US
Published: Washington, DC 2013
Subjects:
EU
Online Access:http://documents.worldbank.org/curated/en/2011/05/16281971/fiscal-projections-pension-system-belarus
http://hdl.handle.net/10986/12564
Description
Summary: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.