Pension Reforms in Mauritius : Fair and Fast—Balancing Social Protection and Fiscal Sustainability / Mauricio Soto, Vimal Thakoor, Martin Petri.

Format:

Book

Government document

Author/Creator:

Soto, Mauricio.

Contributor:

Petri, Martin.

Thakoor, Vimal.

Series:

IMF Working Papers; Working Paper ; No. 2015/126

IMF Working Papers

Language:

English

Subjects (All):

Finance, Personal.

Investments.

Pensions.

Retirement--Planning.

Local Subjects:

Finance, Personal.

Investments.

Pensions.

Retirement--Planning.

Physical Description:

1 online resource (50 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2015.

Summary:

Despite important past reforms, the ageing population of Mauritius threatens the sustainability of its pension system. This paper examines how pension spending might increase without reforms and discusses reforms options. The findings suggest that unifying the retirement age and indexing it to life expectancy would contribute most significantly to secure and sustainable pensions. The poverty reducing objective of the universal pension can be improved by better targeting. The old age protection objective of the National Pension Fund could be strengthened by increasing contribution and replacement rates. Implementing changes faster should result in less drastic future changes and fairer outcomes.

Contents:

""Cover Page""; ""Title Page""; ""Copyright Page""; ""Contents""; ""Tables""; ""Figures""; ""Appendix""; ""References""; ""I. Introduction""; ""1. Projected Public Pensions Spending on BRP and CSDB""; ""II. The Pension System in Mauritius""; ""1. Main Pension Schemes in Mauritius in 2013""; ""2. Projected Pensions Spending in 2015""; ""III. Demographic and Fiscal Challenges""; ""A. Demographic Outlook""; ""3. Demographic Trends""; ""B. Fiscal Outlook""; ""4. Baseline Projection for Basic Retirement Pension (BRP), 2015�2100""

""2. Impact of Introduction of DC Scheme for New Entrants to the Civil""""5. Baseline Projection for Civil Service Defined Benefit Scheme (CSDB), 2013�2100""; ""6. NPF Assets and Annual Real Rate of Return, 2015�2100""; ""IV. Reforms Options""; ""A. Basic Retirement Pensions""; ""B. Civil Service Pension Schemes�Defined Benefit""; ""C. Civil Service Pension Schemes�Defined Contribution""; ""D. National Pension Fund""; ""E. National Savings Fund""; ""V. Concluding Comments""; ""Methodology to Simulate Pension Spending""; ""References""; ""Footnotes""

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781513563374

1513563378

9781513539102

1513539108

OCLC:

916950361