Alternative Social Security Systems in CIS Countries

February 1, 1993

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Ehtisham Ahmad, and Jean-Luc Schneider. Alternative Social Security Systems in CIS Countries, (USA: International Monetary Fund, 1993) accessed December 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

In the USSR in 1990, social security reforms led to the imposition of a uniform system of benefits in a large and demographically diverse country. This required inter-regional transfers, which are now no longer feasible with the demise of the USSR. Relatively high contribution rates also pose a problem for a nascent commercialized sector. The paper argues that benefit levels in some former Soviet Union countries are now unsustainable. The price shock associated with the “transition” to a market economy should lead to a consideration of a “mix” of policies, including a basic benefit in kind. While funded systems may eventually reduce contribution rates, there are implementation difficulties in the medium term.

Subject: Aging, Expenditure, Financial services, Labor, Non-wage benefits, Pension spending, Pensions, Population and demographics, Real interest rates

Keywords: Aging, Central Asia, CIS country, CIS republic, Contribution rate, Non-wage benefits, PAYG pension benefit, PAYG system, Pension spending, Pensions, Real interest rate, Real interest rates, WP

Publication Details

Pages:

22
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1993/008
Stock No:

WPIEA0081993
ISBN:

9781451842470
ISSN:

1018-5941

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