Mongolia : Pension Policy Challenges and Reform Options

Mongolia inherited a pay-as-you go public pension system providing universal coverage and high levels of benefits (relative to pre-retirement income), consistent with the state provision of all forms of social insurance. The system was reformed in...

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Bibliographic Details
Main Author:	World Bank
Format:	Policy Note
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTABILITY ACCOUNTING ACCRUAL RATE ACCRUAL RATES ACCRUALS ADB ADMINISTRATIVE COSTS ALIMONY BANKRUPTCY BENEFICIARY BENEFIT ADJUSTMENTS BENEFIT FORMULA BENEFIT INDEXATION BENEFIT LEVEL BENEFIT LEVELS BINDING CONSTRAINT BREADWINNER CAPITAL MARKETS CASH TRANSFERS COMPENSATION CONSUMER PRICE INDEX CONSUMPTION SMOOTHING CONTRACTUAL SAVINGS CONTRIBUTION DATA CONTRIBUTION RATE CONTRIBUTION RATES COST OF LIVING COST REDUCTION CREDIBILITY DEFICITS DEFINED BENEFIT DEFINED BENEFIT SCHEME DEFINED-BENEFIT SCHEME DEFINED-BENEFIT SCHEMES DEMOGRAPHIC DEPENDENCY RATIO DEPENDENCY RATIOS DEVELOPMENT BANK DISABILITY DISABILITY PENSION DISABILITY PENSIONS DISBURSEMENT DISBURSEMENTS DISPUTE RESOLUTION ECONOMIC LIBERALIZATION ECONOMIC VOLATILITY ELDERLY EMPLOYEE EMPLOYMENT ENABLING ENVIRONMENT EQUIPMENT EXPENDITURE FEMALE FEMALES FERTILITY FERTILITY RATES FINANCES FINANCIAL MANAGEMENT FINANCIAL SUSTAINABILITY FISCAL BURDEN FORMAL PENSION FUNDED ACCOUNTS GENDER GENDER DIFFERENCES GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT REVENUES GOVERNMENT SUBSIDY GROSS WAGE HOLDINGS HOME HOUSEHOLD INCOME HOUSING HUMAN DEVELOPMENT INCOME GROUPS INCOME GROWTH INCOME SECURITY INCOME TAX INCOME TAXES INCOMES INDIVIDUAL ACCOUNT INFLATION INFLATION RATE INFORMAL SECTOR INFORMATION DISCLOSURE INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTRUMENT INSURANCE PENSIONS INSURANCE POLICY INSURANCE REFORMS INTEREST RATE INVESTMENT CLIMATE INVESTMENT MANAGEMENT INVESTMENT MANAGERS INVESTMENT POLICY INVESTMENT STRATEGY JOB CREATION LABOR FORCE LABOR MARKET LEGAL FRAMEWORK LEGAL PROVISIONS LEGISLATION LIFE EXPECTANCY LIVING STANDARD LONGEVITY RISKS MANAGEMENT REVIEW MANDATORY SCHEME MARKET TRENDS MINIMUM BENEFIT MORTALITY NATIONAL DEVELOPMENT NOMINAL WAGE NORMAL RETIREMENT AGE NOTIONAL ACCOUNT NOTIONAL ACCOUNTS OLD-AGE INCOME OLD-AGE PENSION OLD-AGE PENSIONS OPERATING COSTS PENSION PENSION AGE PENSION AT RETIREMENT PENSION BENEFICIARIES PENSION BENEFIT PENSION BENEFITS PENSION CONTRIBUTIONS PENSION EXPENDITURES PENSION INCOME PENSION INSURANCE PENSION LIABILITY PENSION POLICY PENSION PROVISION PENSION PROVISIONS PENSION REFORM PENSION SAVINGS PENSION SCHEME PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS PERSONAL INCOME PERSONAL INCOME TAXES PRESENT VALUE PRICE INDEXATION PRIVATE PENSION PRODUCTIVITY PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC PENSION PUBLIC PENSIONS RATE OF GROWTH RATE OF RETURN RATES OF RETURN REFORM PROGRAM REPLACEMENT RATE REPLACEMENT RATES RESERVE RESERVE FUND RESERVES RETIREE RETIREES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFIT RETIREMENT BENEFITS RETIREMENT INCOME RETIREMENT PENSION RETURNS REVENUE SOURCES SECURITIES SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL INSURANCE BENEFIT SOCIAL INSURANCE BENEFITS SOCIAL INSURANCE CONTRIBUTION SOCIAL INSURANCE CONTRIBUTIONS SOCIAL INSURANCE FUND SOCIAL INSURANCE SYSTEM SOCIAL PENSION SOCIAL PENSIONS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY BENEFITS SOCIAL SECURITY SYSTEM SOCIAL SECURITY SYSTEMS SOCIAL WELFARE TAX TAX ADVANTAGE TAX TREATMENT TAXATION TECHNICAL ASSISTANCE TREASURY TREASURY SECURITIES UNFUNDED PENSION VALUATION VOLUNTARY PENSION VOLUNTARY PENSIONS WAGE GROWTH WAGES WIDOW WIDOWER WILL WITHDRAWAL WOMAN
Online Access:	http://documents.worldbank.org/curated/en/2008/04/16465286/mongolia-pension-policy-challenges-reform-options http://hdl.handle.net/10986/12677

Internet

http://documents.worldbank.org/curated/en/2008/04/16465286/mongolia-pension-policy-challenges-reform-options
http://hdl.handle.net/10986/12677

Mongolia : Pension Policy Challenges and Reform Options

Internet

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