This course provided policymakers, pension fund administrators and other key stakeholders involved in pension policy and implementation with an overview of the latest thinking about pension design and management, analytical tools for formulation of reform options, and a review of lessons from recent pension reforms around the world. The program combined in-depth analysis of pension reform issues with country case studies and country reform exercises.
Present the main issues and concepts in public and private pension systems, including adequacy, affordability and sustainability of current schemes and the need for reform
Evaluate the main reform options
Learn from country experience including those that have adopted or are in the process of considering reforms
Analyze performance in pension governance, administration, and investment management
Target Audience
Policymakers and technical staff with responsibilities in the design and implementation of pension policy
High level staff of pension and social security administration and supervision agencies
Pension fund staff and other key stakeholders affiliated with pension funds in developing counties
Content
A framework for analysis of pension policy design and performance
Diagnostic tools in diagnosing baseline reform needs and projecting the impact of reform options
Projecting pension liabilities with the World Bank PROST model
Pension reform options including:
parametric reforms
multipillar schemes
notional accounts
non-contributory arrangements
voluntary schemes
regulatory reforms
Extending coverage through non-contributory social pensions
Reforms for civil service pension schemes
Institutions, governance and administration of pension systems
Managing public pension reserves
Regulation and supervision of pension systems
Annuitization of pensions
Disability and survivorship pensions
Case studies and examples from developed and developing countries
RSS