Designing the payout phase of funded pension pillars in central and eastern European countries, Vol. 1 of 1

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Designing the payout phase of funded pension pillars in central and eastern European countries

Author:	Vittas, Dimitri; Rudolph, Heinz; Pollner, John;	Collection Title:	Policy Research working paper ; no. WPS 5276
Country:	EU Accession Countries;	Date Stored:	2010/04/21
Document Date:	2010/04/01	Document Type:	Policy Research Working Paper
Language:	English	Major Sector:	Public Administration, Law, and Justice; Health and other social services; Finance
Rel. Proj ID:	7A-Development Of Pensions Payout (E.G.: Annuities) -- -- P111696;	Region:	Europe and Central Asia
Report Number:	WPS5276	Sub Sectors:	Other social services; Compulsory pension and unemployment insurance; Non-compulsory pensions and insurance
SubTopics:	Financial Literacy; Debt Markets; Pensions & Retirement Systems; Insurance & Risk Mitigation; Investment and Investment Climate	Volume No:	1 of 1

Summary: Over the past decade or so, most Central and Eastern European countries have reformed their pension systems, significantly downsizing their public pillars and creating private pillars based on capitalization accounts. Early policy attention was focused on the accumulation phase but several countries are now reaching the stage where they need to address the design of the payout phase. This paper reviews the complex policy issues that will confront policymakers in this effort and summarizes recent plans and developments in four countries (Poland, Hungary, Estonia, and Lithuania). The paper concludes by highlighting a number of options that merit detailed consideration.


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