01781cas a2200265 a 4500 AALejournalIMF000743 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451922912 1018-5941 BD-DhAAL BD-DhAAL Cottarelli, Carlo. Pension Developments and Reforms in Transition Economies / Carlo Cottarelli, Luis Cubeddu, M. Cangiano. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (47 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews developments in pension systems in 11 transition economies during the 1990s, highlighting the forces behind their rapid weakening. It focuses on the challenges these systems face-including those arising from demographic factors-and discusses why most transition countries are considering shifting, or have already shifted, from traditional defined-benefit pay-as-you-go systems to defined-contribution fully funded systems. Finally, the paper looks at the main options that arise in introducing fully funded components, including the relative mix between funding and pay-as-you-go, and the speed of the transition toward the new system. Mode of access: Internet Cangiano, M. Cubeddu, Luis. IMF Working Papers; Working Paper ; No. 1998/151 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/151/001.1998.issue-151-en.xml IMF e-Library