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Pension Reforms in Mauritius: Fair and Fast—Balancing Social Protection and Fiscal Sustainability

Author

Listed:
  • Mauricio Soto
  • Mr. Vimal V Thakoor
  • Mr. Martin Petri

Abstract

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.

Suggested Citation

  • Mauricio Soto & Mr. Vimal V Thakoor & Mr. Martin Petri, 2015. "Pension Reforms in Mauritius: Fair and Fast—Balancing Social Protection and Fiscal Sustainability," IMF Working Papers 2015/126, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2015/126
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    References listed on IDEAS

    as
    1. Vittas, Dimitri, 2003. "The role of occupational pension funds in Mauritius," Policy Research Working Paper Series 3033, The World Bank.
    2. Mr. Antonio David & Mr. Martin Petri, 2013. "Inclusive Growth and the Incidence of Fiscal Policy in Mauritius: Much Progress, But More Could be Done," IMF Working Papers 2013/116, International Monetary Fund.
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    Cited by:

    1. Mariusz Jarmuzek & Najla Nakhle, 2018. "Sustainability and Equity Challenges to Pension Systems: The Case of Lebanon," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 2(10), pages 52-66, December.
    2. Julia Włodarczyk & Indranarain Ramlall & Jan Acedański, 2020. "Macroeconomic Effects of an Ageing Population in Mauritius," South African Journal of Economics, Economic Society of South Africa, vol. 88(4), pages 551-574, December.

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