Social Policy and Administration, 36(2), April 2002, pp.156-175.
Publisher:
Wiley
In central-eastern Europe and the Former Soviet Union, the process of economic transformation has put great strain on the existing retirement systems. Interestingly, the paradigm choices made in post-socialist pension reform reflect considerable diversity. Observable reform choices include parametric reforms of the existing public schemes, the introduction of notional defined contribution
In central-eastern Europe and the Former Soviet Union, the process of economic transformation has put great strain on the existing retirement systems. Interestingly, the paradigm choices made in post-socialist pension reform reflect considerable diversity. Observable reform choices include parametric reforms of the existing public schemes, the introduction of notional defined contribution schemes, and the establishment of fully funded schemes on a voluntary or mandatory basis. The number of transition countries that have introduced far-reaching systemic and parametric reforms is significant, when compared with the difficulties facing more modest pension reform attempts in western industrialised countries. Yet some of the radical reforms recently enacted in post-socialist countries still suffer from significant implementations problems. More significantly, a closer look reveals that embarking on radical reform, the transition counties did not necessarily tackle the most pressing issues facing their pre-form, pension schemes.
Subject terms:
pensions, retirement, social policy, social welfare;