Brazil : Critical Issues in Social Security, Volume 1. Summary Report
The study consists of two volumes, the first volume contains a detailed summary of the report findings, and policy implications, and, the second volume, the Policy Report, contains discussions on policy recommendations for each of the components of...
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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2000/06/729054/brazil-critical-issues-social-security-vol-1-2-summary-report http://hdl.handle.net/10986/14998 |
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okr-10986-149982021-04-23T14:03:16Z Brazil : Critical Issues in Social Security, Volume 1. Summary Report World Bank SOCIAL SECURITY SYSTEMS POLICY REFORM FISCAL CONSTRAINTS ADMINISTRATIVE CONSTRAINTS PENSION COVERAGE PENSION FUNDS ADMINISTRATION PENSION TAXATION LABOR MARKET POLICY FISCAL DEFICITS EQUITY FUNDS PRIVATE SECTOR PARTICIPATION POVERTY ALLEVIATION MECHANISMS POLITICAL POWER ACCOUNTING ASSETS BENEFIT FORMULA CAPITAL MARKETS COLLATERAL CONSENSUS CONSTITUTION CONTRIBUTION RATE CONTRIBUTION RATES ECONOMIC STABILITY EQUITY FEDERAL GOVERNMENT FISCAL FISCAL FISCAL ADJUSTMENT FISCAL BALANCE FISCAL BURDEN FISCAL DEFICITS FISCAL REASONS FISCAL YEAR FUNDED _ ~~~~~~~~~~~~~~~~~~PENSIONS FUNDED COMPONENT FUNDED PENSIONS FUNDED SCHEMES GOVERNMENT EXPENDITURES GOVERNMENT OFFICIALS HUMAN RESOURCES INFORMAL EMPLOYMENT INTERNATIONAL MONETARY FUND INVESTMENT RETURNS JUDICIARY LABOR COSTS LABOR MARKET LAWS LEGISLATURE LEVIES METROPOLITAN AREAS MUNICIPAL GOVERNMENTS MUNICIPALITIES MUTUAL FUNDS NEW ENTRANTS PAYROLL TAX PAYROLL TAXES PENSION DEBT PENSION FUND PENSION FUNDS PENSION LIABILITIES PENSION PLAN PENSION PLANS PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS PILLAR SYSTEM PRIVATIZATION PRIVATIZATION PROCEEDS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCING PUBLIC RESOURCES PUBLIC SPENDING REGULATORY AGENCY REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT ACCOUNTS RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFITS RETIREMENT PLANS SAVINGS SOCIAL ASSISTANCE SOCIAL ASSISTANCE EXPENDITURES SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY AGENCY SOCIAL SECURITY BENEFITS SOCIAL SECURITY REFORM SOCIAL SECURITY TAXES SOCIAL SERVICES STATE ADMINISTRATION STATE GOVERNMENT SUBNATIONAL GOVERNMENTS TAX BURDEN TAX INCENTIVES TAX RATES TAX REVENUES TAX TREATMENT TAXATION TRANSPARENCY WAGES The study consists of two volumes, the first volume contains a detailed summary of the report findings, and policy implications, and, the second volume, the Policy Report, contains discussions on policy recommendations for each of the components of the Brazilian social security system. An overview on the dimensions of the social security challenge, reviews the system components, revealing unsustainable fiscal imbalances, and administrative weaknesses in both the unreformed General Regime for Social Security (RGPS), and the Pension Regime for Government Workers (RJU), with large tax-related distortions, and labor market inefficiency. Thus the goals of Brazil's reforms are to reduce fiscal deficits, lower actuarial imbalances, increase equity and redistribution, reduce collateral inefficiencies, and facilitate growth of funded pensions. The study implies there is no recourse for the country, but to lower the high, uniform replacement rates (experience suggests that rates higher than 40-70 percent, cannot be sustained) and, spells out that the key to effective reform of social security, is widening the debate to include potential winners from these changes, particularly the private sector, the young, and the poor. Policy recommendations suggest, that the adverse equity effects of RGPS reforms, should be widely publicized to generate political support for deeper RJU reform. 2013-08-12T15:27:59Z 2013-08-12T15:27:59Z 2000-06-19 http://documents.worldbank.org/curated/en/2000/06/729054/brazil-critical-issues-social-security-vol-1-2-summary-report http://hdl.handle.net/10986/14998 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Latin America & Caribbean Brazil |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
SOCIAL SECURITY SYSTEMS POLICY REFORM FISCAL CONSTRAINTS ADMINISTRATIVE CONSTRAINTS PENSION COVERAGE PENSION FUNDS ADMINISTRATION PENSION TAXATION LABOR MARKET POLICY FISCAL DEFICITS EQUITY FUNDS PRIVATE SECTOR PARTICIPATION POVERTY ALLEVIATION MECHANISMS POLITICAL POWER ACCOUNTING ASSETS BENEFIT FORMULA CAPITAL MARKETS COLLATERAL CONSENSUS CONSTITUTION CONTRIBUTION RATE CONTRIBUTION RATES ECONOMIC STABILITY EQUITY FEDERAL GOVERNMENT FISCAL FISCAL FISCAL ADJUSTMENT FISCAL BALANCE FISCAL BURDEN FISCAL DEFICITS FISCAL REASONS FISCAL YEAR FUNDED _ ~~~~~~~~~~~~~~~~~~PENSIONS FUNDED COMPONENT FUNDED PENSIONS FUNDED SCHEMES GOVERNMENT EXPENDITURES GOVERNMENT OFFICIALS HUMAN RESOURCES INFORMAL EMPLOYMENT INTERNATIONAL MONETARY FUND INVESTMENT RETURNS JUDICIARY LABOR COSTS LABOR MARKET LAWS LEGISLATURE LEVIES METROPOLITAN AREAS MUNICIPAL GOVERNMENTS MUNICIPALITIES MUTUAL FUNDS NEW ENTRANTS PAYROLL TAX PAYROLL TAXES PENSION DEBT PENSION FUND PENSION FUNDS PENSION LIABILITIES PENSION PLAN PENSION PLANS PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS PILLAR SYSTEM PRIVATIZATION PRIVATIZATION PROCEEDS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCING PUBLIC RESOURCES PUBLIC SPENDING REGULATORY AGENCY REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT ACCOUNTS RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFITS RETIREMENT PLANS SAVINGS SOCIAL ASSISTANCE SOCIAL ASSISTANCE EXPENDITURES SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY AGENCY SOCIAL SECURITY BENEFITS SOCIAL SECURITY REFORM SOCIAL SECURITY TAXES SOCIAL SERVICES STATE ADMINISTRATION STATE GOVERNMENT SUBNATIONAL GOVERNMENTS TAX BURDEN TAX INCENTIVES TAX RATES TAX REVENUES TAX TREATMENT TAXATION TRANSPARENCY WAGES |
| spellingShingle |
SOCIAL SECURITY SYSTEMS POLICY REFORM FISCAL CONSTRAINTS ADMINISTRATIVE CONSTRAINTS PENSION COVERAGE PENSION FUNDS ADMINISTRATION PENSION TAXATION LABOR MARKET POLICY FISCAL DEFICITS EQUITY FUNDS PRIVATE SECTOR PARTICIPATION POVERTY ALLEVIATION MECHANISMS POLITICAL POWER ACCOUNTING ASSETS BENEFIT FORMULA CAPITAL MARKETS COLLATERAL CONSENSUS CONSTITUTION CONTRIBUTION RATE CONTRIBUTION RATES ECONOMIC STABILITY EQUITY FEDERAL GOVERNMENT FISCAL FISCAL FISCAL ADJUSTMENT FISCAL BALANCE FISCAL BURDEN FISCAL DEFICITS FISCAL REASONS FISCAL YEAR FUNDED _ ~~~~~~~~~~~~~~~~~~PENSIONS FUNDED COMPONENT FUNDED PENSIONS FUNDED SCHEMES GOVERNMENT EXPENDITURES GOVERNMENT OFFICIALS HUMAN RESOURCES INFORMAL EMPLOYMENT INTERNATIONAL MONETARY FUND INVESTMENT RETURNS JUDICIARY LABOR COSTS LABOR MARKET LAWS LEGISLATURE LEVIES METROPOLITAN AREAS MUNICIPAL GOVERNMENTS MUNICIPALITIES MUTUAL FUNDS NEW ENTRANTS PAYROLL TAX PAYROLL TAXES PENSION DEBT PENSION FUND PENSION FUNDS PENSION LIABILITIES PENSION PLAN PENSION PLANS PENSION REFORM PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS PILLAR SYSTEM PRIVATIZATION PRIVATIZATION PROCEEDS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC FINANCING PUBLIC RESOURCES PUBLIC SPENDING REGULATORY AGENCY REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT ACCOUNTS RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFITS RETIREMENT PLANS SAVINGS SOCIAL ASSISTANCE SOCIAL ASSISTANCE EXPENDITURES SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY AGENCY SOCIAL SECURITY BENEFITS SOCIAL SECURITY REFORM SOCIAL SECURITY TAXES SOCIAL SERVICES STATE ADMINISTRATION STATE GOVERNMENT SUBNATIONAL GOVERNMENTS TAX BURDEN TAX INCENTIVES TAX RATES TAX REVENUES TAX TREATMENT TAXATION TRANSPARENCY WAGES World Bank Brazil : Critical Issues in Social Security, Volume 1. Summary Report |
| geographic_facet |
Latin America & Caribbean Brazil |
| description |
The study consists of two volumes, the
first volume contains a detailed summary of the report
findings, and policy implications, and, the second volume,
the Policy Report, contains discussions on policy
recommendations for each of the components of the Brazilian
social security system. An overview on the dimensions of the
social security challenge, reviews the system components,
revealing unsustainable fiscal imbalances, and
administrative weaknesses in both the unreformed General
Regime for Social Security (RGPS), and the Pension Regime
for Government Workers (RJU), with large tax-related
distortions, and labor market inefficiency. Thus the goals
of Brazil's reforms are to reduce fiscal deficits,
lower actuarial imbalances, increase equity and
redistribution, reduce collateral inefficiencies, and
facilitate growth of funded pensions. The study implies
there is no recourse for the country, but to lower the high,
uniform replacement rates (experience suggests that rates
higher than 40-70 percent, cannot be sustained) and, spells
out that the key to effective reform of social security, is
widening the debate to include potential winners from these
changes, particularly the private sector, the young, and the
poor. Policy recommendations suggest, that the adverse
equity effects of RGPS reforms, should be widely publicized
to generate political support for deeper RJU reform. |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Brazil : Critical Issues in Social Security, Volume 1. Summary Report |
| title_short |
Brazil : Critical Issues in Social Security, Volume 1. Summary Report |
| title_full |
Brazil : Critical Issues in Social Security, Volume 1. Summary Report |
| title_fullStr |
Brazil : Critical Issues in Social Security, Volume 1. Summary Report |
| title_full_unstemmed |
Brazil : Critical Issues in Social Security, Volume 1. Summary Report |
| title_sort |
brazil : critical issues in social security, volume 1. summary report |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2000/06/729054/brazil-critical-issues-social-security-vol-1-2-summary-report http://hdl.handle.net/10986/14998 |
| _version_ |
1764427827237617664 |