What are you searching?

FIAP > Boletín – Otras Publicaciones > Automatic Adjustment Mechanisms in Asian Pension Systems? – World Bank – December 2016
20 January, 2017

Automatic Adjustment Mechanisms in Asian Pension Systems? – World Bank – December 2016

Authors: Elif Arbatli, Csaba Feher, Jack J.K.Ree, Ikuo Saito and Mauricio Soto

Automatic adjustment mechanisms (rules that ensure that certain characteristics of a pension system respond to the demographic, macro-economic and financial situation in a certain way, and without the need for additional intervention), have been introduced in many OECD countries in order to cope with the deteriorating financial situation of the public pension schemes. The incorporation of automatic adjustment mechanisms (particularly linking the retirement age to life expectancy), could be an important part of the pension reforms implemented in some Asian countries. If implemented in time, these mechanisms would help to prevent the need for abrupt adjustments in the future, increasing the predictability and the intergenerational equity of the pension systems, and improving confidence in them.

This report considers the implementation of automatic adjustment mechanisms in the light of the international evidence, and examines the specific cases of Japan, Korea and China.

To review the study in detail, please download it here.

Suscribe to the Fiap International Newsletter Sign up here