IMF Working Papers

Sustainability and Equity Challenges: Some Arithmetic on Lebanon’s Pension System

By Mariusz Jarmuzek, Najla Nakhle

March 2, 2016

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Mariusz Jarmuzek, and Najla Nakhle. Sustainability and Equity Challenges: Some Arithmetic on Lebanon’s Pension System, (USA: International Monetary Fund, 2016) accessed November 23, 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

Reform of Lebanon’s pension system is indispensable. The country already faces fiscal sustainability risks, which will be compounded in the future by significantly higher pensionrelated spending and liabilities, mainly reflecting adverse demographics. In addition to sustainability issues, the pension system also suffers from equity shortcomings—Lebanon is the only MENA country that does not offer social security for retirees in the private sector. While several reform proposals have been formulated since the early 2000s, none has been implemented to date. Costs mount with every year of delay, so action is required soon to address these challenges.

Subject: Aging, Expenditure, Labor, Pension spending, Pensions, Population and demographics, Retirement

Keywords: Ageing, Aging, Demographics, East Africa, Employee, Equity, Fiscal policy, Middle East, North Africa, Pension, Pension allowance, Pension dynamics, Pension equivalent, Pension expenditure, Pension liability, Pension payment, Pension reform, Pension spending, Pensions, Present discounted value, Private sector employee, Private sector scheme, Retirement, Retirement age, Sustainability, WP

Publication Details

  • Pages:

    20

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2016/046

  • Stock No:

    WPIEA2016046

  • ISBN:

    9781513541488

  • ISSN:

    1018-5941

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