The Funded Pension Scheme in Uzbekistan: An Analysis
In recent years, the share of elderly in the total population is increasing around the world. Rising proportionally are claims on public pension systems and health care expenditures. This places extra pressure on government budgets. As a result, countries which implement only pay-as-you-go pensions face fiscal deficits. This paper examines Uzbekistan’s statutory pension system, which consists of two pillars: a public pay-as-you-go defined-benefit pension scheme, and a mandatory public funded defined-contribution scheme. We focus in particular on the funded scheme and evaluate ways to improve it by considering the achievements of other developing and transitioning countries in similar positions. The analysis focuses on the choice of fund ownership, contribution rates, investment returns, the population coverage rate, and the feasibility of further reforms.
|Date of creation:||Mar 2009|
|Publication status:||Published in Sophia International Review 1.31(2009): pp. 75-92|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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- Islamov, Bakhtiyor & Shadiev, Rustam, 2003. "Pension System of Uzbekistan: Problems and Perspectives," Discussion Paper 143, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
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"The Role of International Diversification in Public Pension Systems: The Case of Pakistan,"
Economic Issues Journal Articles,
Economic Issues, vol. 14(2), pages 81-106, September.
- Pfau, Wade Donald, 2009. "The Role of International Diversification in Public Pension Systems: The Case of Pakistan," MPRA Paper 19037, University Library of Munich, Germany.
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