• Present and discuss the main issues involved in the Economics of Pensions, as well as the issues involved in assessing the sustainability of current pension systems and the need for reform.
• Evaluate the main options involved in pension reform and their strengths and weaknesses.
• Learn from the experience of countries that have adopted pension reforms recently, and from those that are in the process of adopting reforms.
• Analyze successes and failures in implementing reform.

Target Audience

• High level policymakers with responsibilities in the design and implementation of pension reform
• High level staff of Pension administration and Supervision agencies
• Higher level and technical staff from the Social Security administration and supervision institutions
• Key stakeholders in the pension debate
  
  

Content

• Objectives of Mandatory and Voluntary Pension Systems
• Pension systems and reforms. Laying the diagnosis and mapping out reforms.
• Projecting pension liabilities. The World Bank’s PROST model.
• Pension reform options: a) Parametric reforms; b) Funded schemes; c) Multipillar schemes; d) National Accounts.
• Reforms for the Civil Service Pension schemes
• Institutions, governance and administration of pension systems
• Managing public pension reserves
• Coverage of pension systems. Extending the coverage through non-contributory social pensions
• Interactions between pension systems and capital markets
• Regulation and supervision of pension systems
• Tax treatment of pension contributions, funds and pay-out
• Disability and survivorship pensions
• Annuitization of pensions
• Health benefits for the aged population
• The political economy of Pension reforms
• Case studies and examples will be presented for discussion
  
  

Speakers
The list of speakers includes recognized experts in Pensions from the World Bank as well as from other international organizations. Academics, private consultants and policy makers from all over the world are invited to participate as speakers.

Language
The course will be delivered in English. Simultaneous interpretation into other languages may be available based on the number of participants registered who request these services.

Costs
The costs of tuition and fees will be US$ 3,000. 10% discount for delegations of 3 or more participants. Travel and subsistence costs will be at the expense of participants. The course organizers will provide hotel information.

Registration

• Registration is closed

(Confirmation will be based on the number of places available and will require full payment of fees)

For further information, please contact: