Creation of a Reformed Pension System for Civil Servants in Timor-Leste
In February 2011, the government of Timor-Leste (GoTL) enacted a law creating a pension system for civil servants. However, the government now wants to repeal and replace this pension law as it deems it too broad in scope, coverage and cost, and it...
| Main Author: | |
|---|---|
| Format: | |
| Language: | English en_US |
| Published: |
Washington, DC
2015
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/02/20425276/creation-reformed-pension-system-civil-servants-timor-leste http://hdl.handle.net/10986/21120 |
| id |
okr-10986-21120 |
|---|---|
| recordtype |
oai_dc |
| 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 |
ACCOUNTING ACCRUAL RATE BANKRUPTCY BENEFICIARY BENEFIT FORMULA BENEFIT FORMULAS BENEFIT LEVELS BENEFIT PAYMENT BENEFIT PAYMENTS BREADWINNER CAPITAL MARKETS CASH TRANSFER CIVIL SERVANT CIVIL SERVANTS CIVIL SERVICE CIVIL SERVICE PENSION CIVIL SERVICE PENSIONS CIVIL WAR COMPENSATION CONSUMER PRICE INDEX CONTRIBUTION RATE CONTRIBUTION RATES DECENTRALIZATION DEFINED BENEFIT DEFINED BENEFIT PLAN DEFINED BENEFIT PLANS DEFINED CONTRIBUTION PENSION DEFINED CONTRIBUTION PLAN DEMOGRAPHIC DEPENDENCY RATIO DEVELOPING COUNTRIES DISABILITIES DISABILITY DISABILITY PENSION DISABILITY PENSIONS DISABILITY RETIREMENT DIVIDEND EARLY RETIREMENT PROGRAM ECONOMIC CRISES ECONOMIC DEVELOPMENT ELDERLY EXPENDITURE FAMILIES FEMALE FEMALES FERTILITY FERTILITY RATE FERTILITY RATES FINANCIAL INFRASTRUCTURE FINANCIAL MANAGEMENT FINANCIAL STATEMENT FUNDED BASIS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT POLICY GOVERNMENT REVENUES GROWTH RATE GROWTH RATES HEALTH CARE HOME HUSBANDS INDIVIDUAL ACCOUNTS INFLATION INFLATION RATE INFLATION RATES INFORMAL SECTOR INITIAL RETIREMENT AGE INTERNATIONAL STANDARDS INVESTMENT INCOME LABOR FORCE LABOR FORCE PARTICIPATION LABOR LAW LAWS LAYOFFS LEGAL RIGHTS LEGISLATION LIABILITY LIFE ANNUITY LIFE EXPECTANCIES LIFE EXPECTANCY LIFE INSURANCE LIVING STANDARD LOCAL CAPITAL MARKETS LOCAL GOVERNMENT LONG-TERM PROJECTIONS MACROECONOMIC ENVIRONMENT MACROECONOMIC VARIABLES MANDATORY RETIREMENT MARRIAGES MORTALITY NATIONAL PENSION NATURAL DISASTERS NOTIONAL ACCOUNTS NUMBER OF BENEFICIARIES OLD AGE SUPPORT OUTPUT OUTPUTS PENSION PENSION AGE PENSION BENEFIT PENSION BENEFITS PENSION EXPENDITURES PENSION FUND PENSION FUND ASSETS PENSION LAW PENSION PAYMENTS PENSION PLAN PENSION PLANS PENSION PROGRAM PENSION PROGRAMS PENSION REFORM PENSION SCHEME PENSION SYSTEM PENSION SYSTEM REFORM PENSION SYSTEMS PENSIONABLE EARNINGS PENSIONERS PENSIONS PROVIDENT FUND PURCHASING POWER RATE OF RETURN REAL GROWTH RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT ACCOUNT RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFIT RETIREMENT BENEFITS RETIREMENT PLANNING RETIREMENTS SAVINGS SEX SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL INSURANCE SYSTEMS SOCIAL PENSIONS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY BENEFITS SOCIAL SECURITY SYSTEM SOCIAL SECURITY SYSTEMS SUPPLEMENTAL BENEFITS SURVIVOR PENSION SURVIVOR PENSIONS WAGE GROWTH WAGE INDEXING WIDOWS WILL WITHDRAWAL WORKER CONTRIBUTIONS |
| spellingShingle |
ACCOUNTING ACCRUAL RATE BANKRUPTCY BENEFICIARY BENEFIT FORMULA BENEFIT FORMULAS BENEFIT LEVELS BENEFIT PAYMENT BENEFIT PAYMENTS BREADWINNER CAPITAL MARKETS CASH TRANSFER CIVIL SERVANT CIVIL SERVANTS CIVIL SERVICE CIVIL SERVICE PENSION CIVIL SERVICE PENSIONS CIVIL WAR COMPENSATION CONSUMER PRICE INDEX CONTRIBUTION RATE CONTRIBUTION RATES DECENTRALIZATION DEFINED BENEFIT DEFINED BENEFIT PLAN DEFINED BENEFIT PLANS DEFINED CONTRIBUTION PENSION DEFINED CONTRIBUTION PLAN DEMOGRAPHIC DEPENDENCY RATIO DEVELOPING COUNTRIES DISABILITIES DISABILITY DISABILITY PENSION DISABILITY PENSIONS DISABILITY RETIREMENT DIVIDEND EARLY RETIREMENT PROGRAM ECONOMIC CRISES ECONOMIC DEVELOPMENT ELDERLY EXPENDITURE FAMILIES FEMALE FEMALES FERTILITY FERTILITY RATE FERTILITY RATES FINANCIAL INFRASTRUCTURE FINANCIAL MANAGEMENT FINANCIAL STATEMENT FUNDED BASIS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT POLICY GOVERNMENT REVENUES GROWTH RATE GROWTH RATES HEALTH CARE HOME HUSBANDS INDIVIDUAL ACCOUNTS INFLATION INFLATION RATE INFLATION RATES INFORMAL SECTOR INITIAL RETIREMENT AGE INTERNATIONAL STANDARDS INVESTMENT INCOME LABOR FORCE LABOR FORCE PARTICIPATION LABOR LAW LAWS LAYOFFS LEGAL RIGHTS LEGISLATION LIABILITY LIFE ANNUITY LIFE EXPECTANCIES LIFE EXPECTANCY LIFE INSURANCE LIVING STANDARD LOCAL CAPITAL MARKETS LOCAL GOVERNMENT LONG-TERM PROJECTIONS MACROECONOMIC ENVIRONMENT MACROECONOMIC VARIABLES MANDATORY RETIREMENT MARRIAGES MORTALITY NATIONAL PENSION NATURAL DISASTERS NOTIONAL ACCOUNTS NUMBER OF BENEFICIARIES OLD AGE SUPPORT OUTPUT OUTPUTS PENSION PENSION AGE PENSION BENEFIT PENSION BENEFITS PENSION EXPENDITURES PENSION FUND PENSION FUND ASSETS PENSION LAW PENSION PAYMENTS PENSION PLAN PENSION PLANS PENSION PROGRAM PENSION PROGRAMS PENSION REFORM PENSION SCHEME PENSION SYSTEM PENSION SYSTEM REFORM PENSION SYSTEMS PENSIONABLE EARNINGS PENSIONERS PENSIONS PROVIDENT FUND PURCHASING POWER RATE OF RETURN REAL GROWTH RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT ACCOUNT RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFIT RETIREMENT BENEFITS RETIREMENT PLANNING RETIREMENTS SAVINGS SEX SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL INSURANCE SYSTEMS SOCIAL PENSIONS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY BENEFITS SOCIAL SECURITY SYSTEM SOCIAL SECURITY SYSTEMS SUPPLEMENTAL BENEFITS SURVIVOR PENSION SURVIVOR PENSIONS WAGE GROWTH WAGE INDEXING WIDOWS WILL WITHDRAWAL WORKER CONTRIBUTIONS World Bank Creation of a Reformed Pension System for Civil Servants in Timor-Leste |
| geographic_facet |
East Asia and Pacific Timor-Leste |
| description |
In February 2011, the government of
Timor-Leste (GoTL) enacted a law creating a pension system
for civil servants. However, the government now wants to
repeal and replace this pension law as it deems it too broad
in scope, coverage and cost, and it contains several
non-standard design features. In its place, the GoTL wants
to consider creating a reformed permanent civil service
pension program covering all civil servants. Within a few
years thereafter, the government also wants to implement a
national social security system. This system will cover
formal sector workers, and it is likely civil servants will
also participate. Consequently, civil servants may get
benefits from both the national social security system and
the civil service pension system. Timor-Leste has many civil
servants with long service both before and after
independence. The reformed pension system for civil servants
will give the government a method of honorably allowing its
elderly civil servants to exit the work force. At this time,
the primary method of caring for elderly civil servants is
to continue salary payments. This is because there is no
mandatory retirement age for civil servants and the
government does not yet have effective procedures for
compelling older workers to retire when their productivity
level declines. Consequently, the government has informed us
that the civil service pension is unlikely to pay benefits
to any civil servants until such time as these two issues
are resolved. The government estimates this will take five
years (until 2018). Until that time, elderly civil servants
will continue to receive their salary and will not receive a
pension from the reformed civil service pension program. |
| format |
Economic & Sector Work :: Other Social Protection Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Creation of a Reformed Pension System for Civil Servants in Timor-Leste |
| title_short |
Creation of a Reformed Pension System for Civil Servants in Timor-Leste |
| title_full |
Creation of a Reformed Pension System for Civil Servants in Timor-Leste |
| title_fullStr |
Creation of a Reformed Pension System for Civil Servants in Timor-Leste |
| title_full_unstemmed |
Creation of a Reformed Pension System for Civil Servants in Timor-Leste |
| title_sort |
creation of a reformed pension system for civil servants in timor-leste |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2014/02/20425276/creation-reformed-pension-system-civil-servants-timor-leste http://hdl.handle.net/10986/21120 |
| _version_ |
1764447378787532800 |
| spelling |
okr-10986-211202021-04-23T14:03:59Z Creation of a Reformed Pension System for Civil Servants in Timor-Leste World Bank ACCOUNTING ACCRUAL RATE BANKRUPTCY BENEFICIARY BENEFIT FORMULA BENEFIT FORMULAS BENEFIT LEVELS BENEFIT PAYMENT BENEFIT PAYMENTS BREADWINNER CAPITAL MARKETS CASH TRANSFER CIVIL SERVANT CIVIL SERVANTS CIVIL SERVICE CIVIL SERVICE PENSION CIVIL SERVICE PENSIONS CIVIL WAR COMPENSATION CONSUMER PRICE INDEX CONTRIBUTION RATE CONTRIBUTION RATES DECENTRALIZATION DEFINED BENEFIT DEFINED BENEFIT PLAN DEFINED BENEFIT PLANS DEFINED CONTRIBUTION PENSION DEFINED CONTRIBUTION PLAN DEMOGRAPHIC DEPENDENCY RATIO DEVELOPING COUNTRIES DISABILITIES DISABILITY DISABILITY PENSION DISABILITY PENSIONS DISABILITY RETIREMENT DIVIDEND EARLY RETIREMENT PROGRAM ECONOMIC CRISES ECONOMIC DEVELOPMENT ELDERLY EXPENDITURE FAMILIES FEMALE FEMALES FERTILITY FERTILITY RATE FERTILITY RATES FINANCIAL INFRASTRUCTURE FINANCIAL MANAGEMENT FINANCIAL STATEMENT FUNDED BASIS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT POLICY GOVERNMENT REVENUES GROWTH RATE GROWTH RATES HEALTH CARE HOME HUSBANDS INDIVIDUAL ACCOUNTS INFLATION INFLATION RATE INFLATION RATES INFORMAL SECTOR INITIAL RETIREMENT AGE INTERNATIONAL STANDARDS INVESTMENT INCOME LABOR FORCE LABOR FORCE PARTICIPATION LABOR LAW LAWS LAYOFFS LEGAL RIGHTS LEGISLATION LIABILITY LIFE ANNUITY LIFE EXPECTANCIES LIFE EXPECTANCY LIFE INSURANCE LIVING STANDARD LOCAL CAPITAL MARKETS LOCAL GOVERNMENT LONG-TERM PROJECTIONS MACROECONOMIC ENVIRONMENT MACROECONOMIC VARIABLES MANDATORY RETIREMENT MARRIAGES MORTALITY NATIONAL PENSION NATURAL DISASTERS NOTIONAL ACCOUNTS NUMBER OF BENEFICIARIES OLD AGE SUPPORT OUTPUT OUTPUTS PENSION PENSION AGE PENSION BENEFIT PENSION BENEFITS PENSION EXPENDITURES PENSION FUND PENSION FUND ASSETS PENSION LAW PENSION PAYMENTS PENSION PLAN PENSION PLANS PENSION PROGRAM PENSION PROGRAMS PENSION REFORM PENSION SCHEME PENSION SYSTEM PENSION SYSTEM REFORM PENSION SYSTEMS PENSIONABLE EARNINGS PENSIONERS PENSIONS PROVIDENT FUND PURCHASING POWER RATE OF RETURN REAL GROWTH RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT ACCOUNT RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFIT RETIREMENT BENEFITS RETIREMENT PLANNING RETIREMENTS SAVINGS SEX SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL INSURANCE SYSTEMS SOCIAL PENSIONS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY BENEFITS SOCIAL SECURITY SYSTEM SOCIAL SECURITY SYSTEMS SUPPLEMENTAL BENEFITS SURVIVOR PENSION SURVIVOR PENSIONS WAGE GROWTH WAGE INDEXING WIDOWS WILL WITHDRAWAL WORKER CONTRIBUTIONS In February 2011, the government of Timor-Leste (GoTL) enacted a law creating a pension system for civil servants. However, the government now wants to repeal and replace this pension law as it deems it too broad in scope, coverage and cost, and it contains several non-standard design features. In its place, the GoTL wants to consider creating a reformed permanent civil service pension program covering all civil servants. Within a few years thereafter, the government also wants to implement a national social security system. This system will cover formal sector workers, and it is likely civil servants will also participate. Consequently, civil servants may get benefits from both the national social security system and the civil service pension system. Timor-Leste has many civil servants with long service both before and after independence. The reformed pension system for civil servants will give the government a method of honorably allowing its elderly civil servants to exit the work force. At this time, the primary method of caring for elderly civil servants is to continue salary payments. This is because there is no mandatory retirement age for civil servants and the government does not yet have effective procedures for compelling older workers to retire when their productivity level declines. Consequently, the government has informed us that the civil service pension is unlikely to pay benefits to any civil servants until such time as these two issues are resolved. The government estimates this will take five years (until 2018). Until that time, elderly civil servants will continue to receive their salary and will not receive a pension from the reformed civil service pension program. 2015-01-07T16:27:53Z 2015-01-07T16:27:53Z 2014-02 http://documents.worldbank.org/curated/en/2014/02/20425276/creation-reformed-pension-system-civil-servants-timor-leste http://hdl.handle.net/10986/21120 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work :: Other Social Protection Study East Asia and Pacific Timor-Leste |