Republic of Niger : Towards an Integrated and Sustainable Pension System

This report was prepared at the request of the Government of Niger to: (i) provide a comprehensive assessment of the Nigerien pension system, (ii) analyze current reform initiatives and recommend possible refinements and alternatives, and (iii) exa...

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Bibliographic Details
Main Author:	World Bank
Format:	Policy Note
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCESS TO INFORMATION ACCOUNTING ACCRUAL RATE ACCRUAL RATES ADMINISTRATIVE COST ADMINISTRATIVE COSTS ADMINISTRATIVE SUPPORT ARREARS AVERAGE EARNINGS AVERAGE PENSION AVERAGE WAGE BALANCE SHEET BANK ACCOUNT BANKS BENEFICIARIES BENEFIT FORMULA BENEFIT FORMULAS BENEFIT PAYMENTS CALCULATION CALCULATIONS CAPACITY BUILDING CAPITAL MARKETS CONSUMER CONSUMER PRICE INDEX CONTINGENT LIABILITIES CONTRIBUTION CONTRIBUTION RATE CONTRIBUTION RATES CONTRIBUTIONS CREDIBILITY CREDITOR CURRENT PENSION DEFICITS DEFINED BENEFIT DEFINED BENEFIT PENSION DEFINED BENEFIT PENSIONS DEFINED BENEFIT SCHEMES DEMOGRAPHIC DEPENDENCY RATIO DEPENDENCY RATIOS DEPOSIT DEPOSITS DISABILITY DISABILITY PENSION DISABILITY PENSIONS DIVERSIFICATION EARLY RETIREMENT EARNINGS ECONOMIC CONDITIONS ECONOMIC EFFICIENCY EFFICIENT INVESTMENT ELDERLY EMPLOYEE EMPLOYMENT EXPENDITURE FAMILY ALLOWANCE FAMILY ALLOWANCES FINANCES FINANCIAL PROBLEM FINANCIAL PROBLEMS FINANCIAL SECTOR FINANCIAL SITUATION FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FISCAL PROBLEM FULL-CAREER WORKERS FUTURE PENSION FUTURE PENSIONS GENERAL POPULATION GOVERNMENT BUDGET GROSS WAGE GROWTH RATE HUMAN DEVELOPMENT HUMAN RESOURCE HUMAN RESOURCES IMPLICIT INTEREST INCOME INCOME FLOWS INCOME LEVEL INCOME LEVELS INCOME REPLACEMENT INCOMES INFLATION INFLATION TARGET INFORMAL SECTOR INFORMAL SECTORS INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGIES INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITIES INSTITUTIONAL CAPACITY INSURANCE INTEREST RATE INTERNATIONAL STANDARDS INVESTMENT POLICIES INVESTMENT PORTFOLIO INVESTMENT PROCESS INVESTMENT STRATEGIES LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LAYOFFS LIFE EXPECTANCY LOW INCOME LOW-INCOME LOW-INCOME COUNTRY LOW-INCOME WORKERS MANDATORY PENSION FUND MANDATORY SCHEMES MINIMUM PENSION MINIMUM PENSIONS MORTALITY NATIONAL PENSION NEGOTIABLE INSTRUMENTS NET WAGE NET WAGES OLD-AGE INCOME OLD-AGE PENSION OLD-AGE PENSIONS OPPORTUNITY COSTS ORGANIZATIONAL STRUCTURE OUTPUT PAYROLL TAX PAYROLL TAXES PENSION PENSION CONTRIBUTIONS PENSION COVERAGE PENSION EXPENDITURE PENSION EXPENDITURES PENSION FUND PENSION FUNDS PENSION LIABILITIES PENSION PAYMENTS PENSION PLAN PENSION PLANS PENSION REFORM PENSION RIGHTS PENSION SCHEMES PENSION SYSTEM PENSION SYSTEM REFORM PENSION SYSTEMS PENSIONER PENSIONS PENSIONS SYSTEMS POVERTY RATES PRICE INDEX PRODUCTIVITY PUBLIC EXPENDITURES PUBLIC GOODS PUBLIC PENSION PUBLIC PENSION SCHEME PUBLIC SYSTEM PURCHASING POWER REAL ESTATE REAL ESTATE INVESTOR RECORD KEEPING RECURRENT EXPENDITURES REFORM PROGRAM REFORM PROGRAMS REPLACEMENT RATE REPLACEMENT RATES RESERVES RESPONSIBILITIES RETIRED RETIRED WORKERS RETIREES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT INCOME RETURN RETURN ON CONTRIBUTION RETURN ON CONTRIBUTIONS RETURNS RISK MANAGEMENT SYSTEM SALARIES SALARY SAVINGS SAVINGS CAPACITY SAVINGS FOR RETIREMENT SECURITY STANDARDS SERVANTS SETTLEMENT SOCIAL COST SOCIAL DEVELOPMENT SOCIAL INVESTMENT SOCIAL PENSIONS SOCIAL PROTECTION SOCIAL RISK SOCIAL RISK MANAGEMENT SOCIAL SECURITY SOCIAL SECURITY CONTRIBUTION SOCIAL SECURITY CONTRIBUTIONS SOCIAL SECURITY REFORM SOCIAL SECURITY SYSTEM STAKEHOLDERS STRUCTURAL PROBLEMS SURVIVORS PENSIONS TAX TECHNICAL ASSISTANCE TRANSPARENCY TREASURY TREASURY BILLS UNSKILLED LABOR UNSKILLED WORKERS VALUABLE VALUE OF PENSIONS VOLUNTARY PENSION WAGE WAGE GROWTH WAGES YOUNG PEOPLE
Online Access:	http://documents.worldbank.org/curated/en/2009/06/10946536/niger-towards-integrated-sustainable-pension-system http://hdl.handle.net/10986/18892

Description
Summary:	This report was prepared at the request of the Government of Niger to: (i) provide a comprehensive assessment of the Nigerien pension system, (ii) analyze current reform initiatives and recommend possible refinements and alternatives, and (iii) examine implementation challenges. To this end, the report develops a set of general guidelines to assess reform options in terms the adequacy of benefits, security, financial sustainability, redistribution, incentives, and administrative efficiency. The core of the report is organized in three chapters. After providing a summary of the background (chapter one), chapter two develops the policy framework and updates the assessment of the mandatory pension systems. The assessment looks at the financial situation of the schemes but also discusses other problems that had been previously overlooked in terms of the adequacy of benefits; the type of redistribution; as well as issues related to incentives. Chapter three reviews Government ongoing reform initiatives, summarizes the international experiences that are relevant to Niger, and, presents recommendations to strengthen current policies by outlining the components of a multi-year reform program, and developing a road map towards implementation.

Republic of Niger : Towards an Integrated and Sustainable Pension System

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