The book has four specific objectives: (a) to discuss the role of retirement income transfers in the context of a strategy for expanding old- age income security and preventing poverty among the elderly; (b) to take stock of international experience with the design and implementation of these...

This is the first comprehensive assessment of pension systems in the Middle East and North Africa. While other regions-Central Asia, Eastern Europe, and Latin America, in particular-have been actively introducing reforms to their pension systems, Middle East and North African countries have...

Intro -- Contents -- Preface -- Acknowledgments -- About the Authors -- Executive Summary -- Acronyms and Abbreviations -- Glossary -- 1. Overview -- Chapter 2: Initial Conditions for Pension Reform -- Chapter 3: Taking Stock of Pension Systems in the Middle East and North Africa -- Chapter 4: A...

"In this paper the authors reconsider the idea of an earnings-related pension system with reserves invested in indexed government bonds as a mechanism to both ensure financial sustainability and improve security. They start by reviewing the characterization of the sustainable rate of return of...