Croatia : Policy Options for Further Pension System Reform

In response to prolonged recession, in April 2010 the Croatian Government adopted an Economic Recovery Program to safeguard macroeconomic stability and support faster recovery of the private sector. A central element of the program is comprehensive...

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Bibliographic Details
Main Author:	World Bank
Format:	Policy Note
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ADMINISTRATIVE COSTS ANNUITIES ANNUITY ANNUITY RATES ASSET VALUE AVERAGE BENEFIT AVERAGE BENEFITS AVERAGE WAGE GROWTH BASIC PENSION BENEFIT FORMULA CAPITAL MARKET CENTRAL DEPOSITORY CLEARING HOUSE COMMERCIAL BANKING COMPLIANCE COSTS CONSTITUTIONAL COURT CONTINGENT LIABILITIES CONTINGENT LIABILITY CONTRIBUTION BASE CONTRIBUTION PAYMENT CONTRIBUTION RATE CONTRIBUTION RATES DEFICITS DEMOGRAPHIC DEPENDENCY RATIO DEPOSITORY DEPOSITORY COMPANY DISABILITY EARLY RETIREMENT PENSION ECONOMIC DOWNTURN ELDERLY EMPLOYEE EMPLOYMENT EQUALIZATION EU EXPENDITURE FACTORING FEMALE FEMALES FERTILITY FERTILITY RATE FINANCIAL FLOWS FINANCIAL SECTOR FINANCIAL SUSTAINABILITY FINANCING REQUIREMENT FINANCING REQUIREMENTS FISCAL BURDEN FISCAL CONSOLIDATION FISCAL EFFORTS FIXED RATE FRONT-END FEE FUND MANAGERS FUTURE PENSION GENDER GENDERS GOVERNMENT CAPACITY GOVERNMENT DEFICIT GROSS WAGE GROSS WAGES HOLDING IMPLICIT DEBT IMPLICIT PENSION DEBT INCOME INCOMES INDIVIDUAL ACCOUNT INDIVIDUAL ACCOUNTS INFLATION INFLATION INDEXATION INFLATION RATE INITIAL REPLACEMENT RATE INITIAL REPLACEMENT RATES INSTITUTIONAL INVESTOR INSURANCE COMPANY INTERNATIONAL BEST PRACTICE INVESTMENT PORTFOLIOS JUDGES LABOR COSTS LABOR FORCE LABOR MARKET LABOR MARKETS LAWS LEGAL STATUS LEGISLATION LIFE EXPECTANCY MACROECONOMIC STABILITY MANDATORY PENSION FUNDS MANDATORY PILLARS MARKETS DEVELOPMENTS MONTHLY CONTRIBUTION MULTI-PILLAR SYSTEM NET WAGE OLD-AGE INCOME OLD-AGE PENSION OLD-AGE PENSIONS OPERATING COSTS OUTSOURCING OWNERSHIP STRUCTURE PAYROLL TAX PAYROLL TAXES PENALTIES PENSION PENSION BASE PENSION BENEFICIARIES PENSION BENEFIT PENSION BENEFITS PENSION CONTRIBUTION PENSION CONTRIBUTIONS PENSION COSTS PENSION DEBT PENSION EXPENDITURES PENSION FORMULA PENSION FUND PENSION FUND MANAGEMENT PENSION FUNDS PENSION INSURANCE PENSION LIABILITIES PENSION OBLIGATIONS PENSION PAYMENTS PENSION POLICY PENSION PROGRAM PENSION REFORM PENSION SCHEMES PENSION SIMULATION MODEL PENSION SPENDING PENSION SYSTEM PENSION SYSTEM ISSUES PENSION SYSTEM PARAMETERS PENSION SYSTEM REFORM PENSION SYSTEM REFORMS PENSION SYSTEMS PENSIONER PENSIONERS PERSONAL INCOME POLITICAL CYCLE POLITICAL RISK POPULATION AGEING PRESENT VALUE PRICE INDEXATION PRICE INDEXING PRISONERS PRIVACY PRODUCTIVITY PUBLIC CALLS PUBLIC DEBT PUBLIC FINANCES PUBLIC-PRIVATE PARTNERSHIP PURCHASING POWER RATE OF RETURN RATE OF RETURNS RATES OF RETURN REGISTRATION PROCESSES REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT INCENTIVES RETIREMENT PERIOD RETURN ON EQUITY REVENUE SHORTFALL REVENUE SHORTFALLS SAVINGS SOCIAL INSURANCE SOCIAL INSURANCE AGENCIES SOCIAL INSURANCE CONTRIBUTION STRUCTURAL PROBLEMS TAX COLLECTION TAX TREATMENT TRANSITION COUNTRIES TRANSITION ECONOMIES VOLUNTARY PENSION VOLUNTARY PENSION FUNDS WILL
Online Access:	http://documents.worldbank.org/curated/en/2011/07/16406459/croatia-policy-options-further-pension-system-reform http://hdl.handle.net/10986/12892

Description
Summary:	In response to prolonged recession, in April 2010 the Croatian Government adopted an Economic Recovery Program to safeguard macroeconomic stability and support faster recovery of the private sector. A central element of the program is comprehensive overhaul of the pension insurance system to ensure long-term fiscal and social sustainability as the population ages. The authorities have asked the World Bank to both support the reform desig

Croatia : Policy Options for Further Pension System Reform

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