7 November, 2024
The document Parametric Reforms in the Public PAYGO Pension Programs 1995-mid 2015 is now available
This document compiles the main parametric reforms (approved or under discussion) introduced between 1995 and June 2015 in the new reformed pension systems with public PAYGO programs and the unreformed public PAYGO programs.
Financial difficulties of the public PAYGO programs have led to that in a period of 19 years and a half:
– 74 countries increase the contribution rate (e.g. France, Norway, Russia and Portugal)
– 48 increase the retirement age (e.g. France, Spain, France and Greece)
– 62 adjust the benefits formula or directly reduced benefits (e.g. Brazil, Italy, Netherlands and the U.K.)
7 November, 2024
10 October, 2024
2 July, 2024