Strengthening Caribbean Pensions : Improving Equity and Sustainability

This report aims to provide additional insights to existing analyses of public pension and social security schemes in the Caribbean. Such analyses have been undertaken with the support of the Inter-American Development Bank, the Caribbean Developme...

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Bibliographic Details
Main Author: World Bank
Format: Other Social Protection Study
Language:English
Published: World Bank 2012
Subjects:
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100504022002
http://hdl.handle.net/10986/2847
id okr-10986-2847
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
topic ACCRUAL RATE
ACCRUAL RATES
ADVERSE EFFECTS
AGE SUPPORT
ASSET PRICES
ASSET VALUES
AVERAGE BENEFIT
AVERAGE WAGE GROWTH
BASIC PENSION
BASIC PENSIONS
BENEFICIARIES
BENEFIT ADJUSTMENTS
BENEFIT INDEXATION
BENEFIT LEVEL
BENEFIT LEVELS
BENEFIT PAYMENTS
CENTRAL BANK
CIVIL SERVICE PENSION
CODES OF CONDUCT
COMMODITY
COMMODITY EXPORTS
CONSUMPTION SMOOTHING
CONTINGENT LIABILITY
CONTRIBUTION PERIOD
CONTRIBUTION PERIODS
CONTRIBUTION RATE
CONTRIBUTION RATES
CONVERSIONS
CORRUPTION
CREDIBILITY
CURRENCY
DEBT BURDEN
DEBT BURDENS
DEBT LEVELS
DEFICITS
DEFINED BENEFITS
DEFINED-BENEFIT SCHEME
DEFINED-BENEFIT SCHEMES
DEMOGRAPHIC
DEMOGRAPHIC CHANGE
DEPENDENCY RATIOS
DEVELOPMENT BANK
DISABILITY PENSION
DISBURSEMENTS
EARNINGS REPLACEMENT
ECONOMIC CRISIS
ECONOMIC DOWNTURN
ECONOMIC VOLATILITY
ELDERLY
EMPLOYEE
FERTILITY
FERTILITY RATES
FINANCIAL ASSETS
FINANCIAL CRISIS
FINANCIAL DISTRESS
FINANCIAL MARKET
FINANCIAL MARKET DEVELOPMENT
FINANCIAL MARKETS
FINANCIAL MARKETS DEVELOPMENT
FINANCIAL PERFORMANCE
FINANCIAL SECTOR
FINANCIAL SUSTAINABILITY
FINANCIAL WEAKNESSES
FORMAL PENSION
FORMAL PENSION SYSTEM
FULL-CAREER WORKER
FULL-CAREER WORKERS
GLOBAL ECONOMIC PROSPECTS
GLOBALIZATION
GOOD GOVERNANCE
GOVERNANCE MECHANISMS
GOVERNANCE STANDARDS
GOVERNMENT EXPENDITURE
GOVERNMENT PENSION
GROWTH RATE
GROWTH RATES
GUARANTEED BENEFIT
HARMONIZATION
HUMAN DEVELOPMENT
IMPLICIT PENSION DEBT
INCOME GROUPS
INCOME LEVELS
INCOME SMOOTHING
INDIVIDUAL ACCOUNT
INDIVIDUAL ACCOUNTS
INDIVIDUAL RETIREMENT ACCOUNTS
INFLATION
INFORMAL ECONOMY
INFORMATION DISCLOSURE
INFORMATION SHARING
INSTITUTIONAL CAPACITY
INSURANCE
INTEREST RATES
INTERNATIONAL DEVELOPMENT
INTERNATIONAL STANDARDS
INVESTMENT MANAGEMENT
INVESTMENT PERFORMANCE
INVESTMENT POLICIES
INVESTMENT RISK
INVESTMENT RISKS
INVESTMENT STRATEGY
LABOR FORCE
LABOR MARKET
LABOR MARKETS
LEVEL OF RISK
LIFE EXPECTANCY
LIQUIDATION
LIQUIDITY
LOAN
MACROECONOMIC ENVIRONMENT
MANDATORY RETIREMENT
MANDATORY SCHEMES
MARKET DISTORTIONS
MARKET ECONOMY
MARKET EFFICIENCY
MATURITY
MINIMUM BENEFIT
MINIMUM INCOME
MONETARY FUND
MULTI-PILLAR SYSTEM
NORMAL RETIREMENT AGE
OCCUPATIONAL SCHEMES
OLD-AGE INCOME
OUTPUT
PAYROLL TAX
PENSION
PENSION AGE
PENSION ARRANGEMENTS
PENSION BENEFIT
PENSION BENEFITS
PENSION CONTRIBUTIONS
PENSION DEBT
PENSION ENTITLEMENT
PENSION ENTITLEMENTS
PENSION EXPENDITURES
PENSION FUND
PENSION FUND MANAGERS
PENSION FUNDS
PENSION INVESTMENTS
PENSION LIABILITIES
PENSION POLICY
PENSION PROGRAMS
PENSION PROVISION
PENSION PROVISIONS
PENSION REFORM
PENSION RESERVES
PENSION RIGHTS
PENSION SCHEME
PENSION SCHEMES
PENSION SYSTEM
PENSION SYSTEMS
PENSION WEALTH
PENSIONABLE AGE
PENSIONABLE EARNINGS
PENSIONER
PENSIONERS
PENSIONS
POLICY RESPONSES
POVERTY ALLEVIATION
PRICE GROWTH
PRIVATE PENSION
PRIVATE PENSION FUNDS
PROVIDENT FUNDS
PRUDENTIAL REGULATION
PUBLIC DEBT
PUBLIC PENSION
PUBLIC PENSIONS
PUBLIC SCHEMES
PUBLIC SPENDING
RATES OF RETURN
REGULATORY FRAMEWORK
REGULATORY STANDARDS
REGULATORY SYSTEMS
REMITTANCES
REPLACEMENT RATE
REPLACEMENT RATES
RESERVE
RETIREE
RETIREES
RETIREMENT
RETIREMENT AGE
RETIREMENT AGES
RETIREMENT BENEFITS
RETIREMENT INCOME
RETIREMENT PENSION
RETIREMENT SYSTEMS
RETURNS
REVENUE SHORTFALLS
RISK DIVERSIFICATION
RISK MANAGEMENT
SAVINGS
SAVINGS ACCOUNTS
SECURITY AGREEMENT
SECURITY AGREEMENTS
SINGLE MARKET
SOCIAL ASSISTANCE
SOCIAL PENSION
SOCIAL PENSIONS
SOCIAL PROTECTION
SOCIAL PROTECTION STRATEGIES
SOCIAL SECURITY
SOCIAL SECURITY BENEFIT
SOCIAL SECURITY BENEFITS
SOCIAL SECURITY REFORMS
SOCIAL SECURITY SYSTEM
STOCKS
TAX SYSTEM
TRANSPARENCY
VOLATILITY
WAGE GROWTH
WAGE TAXES
WORKER CONTRIBUTIONS
WORLD DEVELOPMENT INDICATORS
spellingShingle ACCRUAL RATE
ACCRUAL RATES
ADVERSE EFFECTS
AGE SUPPORT
ASSET PRICES
ASSET VALUES
AVERAGE BENEFIT
AVERAGE WAGE GROWTH
BASIC PENSION
BASIC PENSIONS
BENEFICIARIES
BENEFIT ADJUSTMENTS
BENEFIT INDEXATION
BENEFIT LEVEL
BENEFIT LEVELS
BENEFIT PAYMENTS
CENTRAL BANK
CIVIL SERVICE PENSION
CODES OF CONDUCT
COMMODITY
COMMODITY EXPORTS
CONSUMPTION SMOOTHING
CONTINGENT LIABILITY
CONTRIBUTION PERIOD
CONTRIBUTION PERIODS
CONTRIBUTION RATE
CONTRIBUTION RATES
CONVERSIONS
CORRUPTION
CREDIBILITY
CURRENCY
DEBT BURDEN
DEBT BURDENS
DEBT LEVELS
DEFICITS
DEFINED BENEFITS
DEFINED-BENEFIT SCHEME
DEFINED-BENEFIT SCHEMES
DEMOGRAPHIC
DEMOGRAPHIC CHANGE
DEPENDENCY RATIOS
DEVELOPMENT BANK
DISABILITY PENSION
DISBURSEMENTS
EARNINGS REPLACEMENT
ECONOMIC CRISIS
ECONOMIC DOWNTURN
ECONOMIC VOLATILITY
ELDERLY
EMPLOYEE
FERTILITY
FERTILITY RATES
FINANCIAL ASSETS
FINANCIAL CRISIS
FINANCIAL DISTRESS
FINANCIAL MARKET
FINANCIAL MARKET DEVELOPMENT
FINANCIAL MARKETS
FINANCIAL MARKETS DEVELOPMENT
FINANCIAL PERFORMANCE
FINANCIAL SECTOR
FINANCIAL SUSTAINABILITY
FINANCIAL WEAKNESSES
FORMAL PENSION
FORMAL PENSION SYSTEM
FULL-CAREER WORKER
FULL-CAREER WORKERS
GLOBAL ECONOMIC PROSPECTS
GLOBALIZATION
GOOD GOVERNANCE
GOVERNANCE MECHANISMS
GOVERNANCE STANDARDS
GOVERNMENT EXPENDITURE
GOVERNMENT PENSION
GROWTH RATE
GROWTH RATES
GUARANTEED BENEFIT
HARMONIZATION
HUMAN DEVELOPMENT
IMPLICIT PENSION DEBT
INCOME GROUPS
INCOME LEVELS
INCOME SMOOTHING
INDIVIDUAL ACCOUNT
INDIVIDUAL ACCOUNTS
INDIVIDUAL RETIREMENT ACCOUNTS
INFLATION
INFORMAL ECONOMY
INFORMATION DISCLOSURE
INFORMATION SHARING
INSTITUTIONAL CAPACITY
INSURANCE
INTEREST RATES
INTERNATIONAL DEVELOPMENT
INTERNATIONAL STANDARDS
INVESTMENT MANAGEMENT
INVESTMENT PERFORMANCE
INVESTMENT POLICIES
INVESTMENT RISK
INVESTMENT RISKS
INVESTMENT STRATEGY
LABOR FORCE
LABOR MARKET
LABOR MARKETS
LEVEL OF RISK
LIFE EXPECTANCY
LIQUIDATION
LIQUIDITY
LOAN
MACROECONOMIC ENVIRONMENT
MANDATORY RETIREMENT
MANDATORY SCHEMES
MARKET DISTORTIONS
MARKET ECONOMY
MARKET EFFICIENCY
MATURITY
MINIMUM BENEFIT
MINIMUM INCOME
MONETARY FUND
MULTI-PILLAR SYSTEM
NORMAL RETIREMENT AGE
OCCUPATIONAL SCHEMES
OLD-AGE INCOME
OUTPUT
PAYROLL TAX
PENSION
PENSION AGE
PENSION ARRANGEMENTS
PENSION BENEFIT
PENSION BENEFITS
PENSION CONTRIBUTIONS
PENSION DEBT
PENSION ENTITLEMENT
PENSION ENTITLEMENTS
PENSION EXPENDITURES
PENSION FUND
PENSION FUND MANAGERS
PENSION FUNDS
PENSION INVESTMENTS
PENSION LIABILITIES
PENSION POLICY
PENSION PROGRAMS
PENSION PROVISION
PENSION PROVISIONS
PENSION REFORM
PENSION RESERVES
PENSION RIGHTS
PENSION SCHEME
PENSION SCHEMES
PENSION SYSTEM
PENSION SYSTEMS
PENSION WEALTH
PENSIONABLE AGE
PENSIONABLE EARNINGS
PENSIONER
PENSIONERS
PENSIONS
POLICY RESPONSES
POVERTY ALLEVIATION
PRICE GROWTH
PRIVATE PENSION
PRIVATE PENSION FUNDS
PROVIDENT FUNDS
PRUDENTIAL REGULATION
PUBLIC DEBT
PUBLIC PENSION
PUBLIC PENSIONS
PUBLIC SCHEMES
PUBLIC SPENDING
RATES OF RETURN
REGULATORY FRAMEWORK
REGULATORY STANDARDS
REGULATORY SYSTEMS
REMITTANCES
REPLACEMENT RATE
REPLACEMENT RATES
RESERVE
RETIREE
RETIREES
RETIREMENT
RETIREMENT AGE
RETIREMENT AGES
RETIREMENT BENEFITS
RETIREMENT INCOME
RETIREMENT PENSION
RETIREMENT SYSTEMS
RETURNS
REVENUE SHORTFALLS
RISK DIVERSIFICATION
RISK MANAGEMENT
SAVINGS
SAVINGS ACCOUNTS
SECURITY AGREEMENT
SECURITY AGREEMENTS
SINGLE MARKET
SOCIAL ASSISTANCE
SOCIAL PENSION
SOCIAL PENSIONS
SOCIAL PROTECTION
SOCIAL PROTECTION STRATEGIES
SOCIAL SECURITY
SOCIAL SECURITY BENEFIT
SOCIAL SECURITY BENEFITS
SOCIAL SECURITY REFORMS
SOCIAL SECURITY SYSTEM
STOCKS
TAX SYSTEM
TRANSPARENCY
VOLATILITY
WAGE GROWTH
WAGE TAXES
WORKER CONTRIBUTIONS
WORLD DEVELOPMENT INDICATORS
World Bank
Strengthening Caribbean Pensions : Improving Equity and Sustainability
geographic_facet Latin America & Caribbean
Caribbean
description This report aims to provide additional insights to existing analyses of public pension and social security schemes in the Caribbean. Such analyses have been undertaken with the support of the Inter-American Development Bank, the Caribbean Development Bank, the Canadian International Development Agency, the Economic Commission for Latin America, and the Caribbean and the International Social Security Association. By making cross-country comparisons within the region and across the world, this report will review fiscal vulnerability, sustainability, labor market efficiency, migration, financial market development, and other pension-related areas. Finally, governance and investment management should be strengthened by: (i) strengthening the governance structure, including authority and accountability of Board members; (ii) improving governance mechanisms with the assistance of external oversight and improved information disclosure; (iii) introducing codes of conduct for the governing body and management; and (iv) introducing a number of measures to strengthen the investment policies, investment strategy, asset allocation, and performance evaluation.
format Economic & Sector Work :: Other Social Protection Study
author World Bank
author_facet World Bank
author_sort World Bank
title Strengthening Caribbean Pensions : Improving Equity and Sustainability
title_short Strengthening Caribbean Pensions : Improving Equity and Sustainability
title_full Strengthening Caribbean Pensions : Improving Equity and Sustainability
title_fullStr Strengthening Caribbean Pensions : Improving Equity and Sustainability
title_full_unstemmed Strengthening Caribbean Pensions : Improving Equity and Sustainability
title_sort strengthening caribbean pensions : improving equity and sustainability
publisher World Bank
publishDate 2012
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100504022002
http://hdl.handle.net/10986/2847
_version_ 1764386039917445120
spelling okr-10986-28472021-04-23T14:02:04Z Strengthening Caribbean Pensions : Improving Equity and Sustainability World Bank ACCRUAL RATE ACCRUAL RATES ADVERSE EFFECTS AGE SUPPORT ASSET PRICES ASSET VALUES AVERAGE BENEFIT AVERAGE WAGE GROWTH BASIC PENSION BASIC PENSIONS BENEFICIARIES BENEFIT ADJUSTMENTS BENEFIT INDEXATION BENEFIT LEVEL BENEFIT LEVELS BENEFIT PAYMENTS CENTRAL BANK CIVIL SERVICE PENSION CODES OF CONDUCT COMMODITY COMMODITY EXPORTS CONSUMPTION SMOOTHING CONTINGENT LIABILITY CONTRIBUTION PERIOD CONTRIBUTION PERIODS CONTRIBUTION RATE CONTRIBUTION RATES CONVERSIONS CORRUPTION CREDIBILITY CURRENCY DEBT BURDEN DEBT BURDENS DEBT LEVELS DEFICITS DEFINED BENEFITS DEFINED-BENEFIT SCHEME DEFINED-BENEFIT SCHEMES DEMOGRAPHIC DEMOGRAPHIC CHANGE DEPENDENCY RATIOS DEVELOPMENT BANK DISABILITY PENSION DISBURSEMENTS EARNINGS REPLACEMENT ECONOMIC CRISIS ECONOMIC DOWNTURN ECONOMIC VOLATILITY ELDERLY EMPLOYEE FERTILITY FERTILITY RATES FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL MARKETS FINANCIAL MARKETS DEVELOPMENT FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL SUSTAINABILITY FINANCIAL WEAKNESSES FORMAL PENSION FORMAL PENSION SYSTEM FULL-CAREER WORKER FULL-CAREER WORKERS GLOBAL ECONOMIC PROSPECTS GLOBALIZATION GOOD GOVERNANCE GOVERNANCE MECHANISMS GOVERNANCE STANDARDS GOVERNMENT EXPENDITURE GOVERNMENT PENSION GROWTH RATE GROWTH RATES GUARANTEED BENEFIT HARMONIZATION HUMAN DEVELOPMENT IMPLICIT PENSION DEBT INCOME GROUPS INCOME LEVELS INCOME SMOOTHING INDIVIDUAL ACCOUNT INDIVIDUAL ACCOUNTS INDIVIDUAL RETIREMENT ACCOUNTS INFLATION INFORMAL ECONOMY INFORMATION DISCLOSURE INFORMATION SHARING INSTITUTIONAL CAPACITY INSURANCE INTEREST RATES INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARDS INVESTMENT MANAGEMENT INVESTMENT PERFORMANCE INVESTMENT POLICIES INVESTMENT RISK INVESTMENT RISKS INVESTMENT STRATEGY LABOR FORCE LABOR MARKET LABOR MARKETS LEVEL OF RISK LIFE EXPECTANCY LIQUIDATION LIQUIDITY LOAN MACROECONOMIC ENVIRONMENT MANDATORY RETIREMENT MANDATORY SCHEMES MARKET DISTORTIONS MARKET ECONOMY MARKET EFFICIENCY MATURITY MINIMUM BENEFIT MINIMUM INCOME MONETARY FUND MULTI-PILLAR SYSTEM NORMAL RETIREMENT AGE OCCUPATIONAL SCHEMES OLD-AGE INCOME OUTPUT PAYROLL TAX PENSION PENSION AGE PENSION ARRANGEMENTS PENSION BENEFIT PENSION BENEFITS PENSION CONTRIBUTIONS PENSION DEBT PENSION ENTITLEMENT PENSION ENTITLEMENTS PENSION EXPENDITURES PENSION FUND PENSION FUND MANAGERS PENSION FUNDS PENSION INVESTMENTS PENSION LIABILITIES PENSION POLICY PENSION PROGRAMS PENSION PROVISION PENSION PROVISIONS PENSION REFORM PENSION RESERVES PENSION RIGHTS PENSION SCHEME PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSION WEALTH PENSIONABLE AGE PENSIONABLE EARNINGS PENSIONER PENSIONERS PENSIONS POLICY RESPONSES POVERTY ALLEVIATION PRICE GROWTH PRIVATE PENSION PRIVATE PENSION FUNDS PROVIDENT FUNDS PRUDENTIAL REGULATION PUBLIC DEBT PUBLIC PENSION PUBLIC PENSIONS PUBLIC SCHEMES PUBLIC SPENDING RATES OF RETURN REGULATORY FRAMEWORK REGULATORY STANDARDS REGULATORY SYSTEMS REMITTANCES REPLACEMENT RATE REPLACEMENT RATES RESERVE RETIREE RETIREES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT BENEFITS RETIREMENT INCOME RETIREMENT PENSION RETIREMENT SYSTEMS RETURNS REVENUE SHORTFALLS RISK DIVERSIFICATION RISK MANAGEMENT SAVINGS SAVINGS ACCOUNTS SECURITY AGREEMENT SECURITY AGREEMENTS SINGLE MARKET SOCIAL ASSISTANCE SOCIAL PENSION SOCIAL PENSIONS SOCIAL PROTECTION SOCIAL PROTECTION STRATEGIES SOCIAL SECURITY SOCIAL SECURITY BENEFIT SOCIAL SECURITY BENEFITS SOCIAL SECURITY REFORMS SOCIAL SECURITY SYSTEM STOCKS TAX SYSTEM TRANSPARENCY VOLATILITY WAGE GROWTH WAGE TAXES WORKER CONTRIBUTIONS WORLD DEVELOPMENT INDICATORS This report aims to provide additional insights to existing analyses of public pension and social security schemes in the Caribbean. Such analyses have been undertaken with the support of the Inter-American Development Bank, the Caribbean Development Bank, the Canadian International Development Agency, the Economic Commission for Latin America, and the Caribbean and the International Social Security Association. By making cross-country comparisons within the region and across the world, this report will review fiscal vulnerability, sustainability, labor market efficiency, migration, financial market development, and other pension-related areas. Finally, governance and investment management should be strengthened by: (i) strengthening the governance structure, including authority and accountability of Board members; (ii) improving governance mechanisms with the assistance of external oversight and improved information disclosure; (iii) introducing codes of conduct for the governing body and management; and (iv) introducing a number of measures to strengthen the investment policies, investment strategy, asset allocation, and performance evaluation. 2012-03-19T10:22:37Z 2012-03-19T10:22:37Z 2010-03-03 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100504022002 http://hdl.handle.net/10986/2847 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Economic & Sector Work :: Other Social Protection Study Latin America & Caribbean Caribbean