Pensions in Development
This title was first published in 2001. Challenging conventional approaches to the delivery of sustainable "social protection" to the elderly in developing countries (DCs) and assessing their implications, this work discusses the appropriateness of the public management of funded systems in DCs with relatively large formal sectors. The combination of social assistance approaches to social protection for the elderly facilitates the formation of an original unbiased "pensions in development" approach. Arguing for expeditious implementation of non-contributory tax (or aid) financed universal old-age "pensions" provision in all DCs and advocating industry flexibility and inclusivity, the book provides a treatment of a growing issue in worldwide development.
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... PAYG PID PNG PRC SAF SAMAT Mandatory Provident Fund Non-Bank Financial Intermediary Notional Defined Contribution ... Pay-As-You-Go Pensions in Papua New Guinea Peoples' Republic of China (Assistance State Accumulation Fund (Kazakhstan) ...
... pay - as - you - go ( PAYG ) schemes , and , among the former , aggressively asserting the advantages of private provision over public management . Accordingly , the not inconsiderable welfare merits of unfunded , PAYG , state pension ...
... ) . This view of pension systems was clearly antipathetic to the existing state - managed , social insurance- based , tax - financed PAYG systems traditionally championed and defended by the ILO and characteristic of the high income.
... PAYG source of pensions funding in the region effectively guarantee their ' ascent to bankruptcy ' ( 1989 ) as available tax revenue increasingly failed to cover expenditure , but the social insurance basis of the system also continued ...
... accept much of the PID case for pensions funding over PAYG provision we do not regard funded pensions as the only feasible answer either to the problems of the fiscal sustainability of existing and well established public pension.
PublicPrivate Partnerships in Pillared Pension Provision
Trends and Issues in Social
Alternative Agendas for Least Developed Countries
The Pension FundCapital Market Nexus
From Monologue to Dialogue