Transcript Presentation Panel 3 Pension system reform (ppt 85 KB)

Shaping the Future
of Social Protection:
Access, Financing and Solidarity
Panel 3 – Pension system reform
Thirty-first session of ECLAC
Montevideo, Uruguay, 20-24 March 2006
To strengthen pension system
coverage, the region must address:
Population ageing and low pension
coverage
 Segmented and financially
compromised contributory systems
 Non- contributory systems with
financing difficulties

Pension systems reform agenda (1)

Expand coverage through the noncontributory component
•

Targeted pensions can halve poverty
among over-65s at an average cost of
0.9% of GDP
Reforms of contributory systems:
•
•
Contributory solidarity
Financial viability
• Discretionary parametric reforms
• Notional accounts
Pension systems reform agenda (2)

Individual capitalization should be
regarded as supplementary
•
•

Different arrangements, transition costs
Industrial organization
Work towards unification of pension
systems
•
•
Promote equity by standardizing and unifying
benefits
Enable portability of benefits, thus facilitating
labour mobility