02369cas a2200277 a 4500 AALejournalIMF012393 230101c9999 xx r poo 0 0eng d 15.00 USD 9781557759689 0251-6365 BD-DhAAL BD-DhAAL Schiff, Jerald. Pension Reform in the Baltics : Issues and Prospects / Jerald Schiff, Axel Schimmelpfennig, Niko Hobdari, Roman Zytek. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (41 pages) Occasional 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 provides an overview of efforts in the Baltic countries to reform their pension systems, and examines the choices facing these countries in their continued reform efforts. Early reforms were aimed at correcting the flaws of the inherited Soviet system and, in particular, at shoring up the finances of the pension systems and reducing their distortionary impact. The Baltic countries have been in the forefront of transition economies in their pursuit of pension reform. They have taken important steps to shore up the long-run financial health of their existing pension funds and made preparations for the implementation of a three-pillar scheme. Although a move toward a fully funded pension system can potentially make an important contribution to the objectives of pension reform, such a change is neither necessary nor sufficient to meet these goals. The existing PAYG pension system can, at least in theory, be made sustainable by an appropriate adjustment of payroll tax rates and expected lifetime pension benefits, although the average replacement rate implied by such changes may well be fairly low, reflecting the expected demographic developments. Mode of access: Internet Hobdari, Niko. Schimmelpfennig, Axel. Zytek, Roman. Occasional Papers; Occasional Paper ; No. 2001/001 Full text available on IMF http://elibrary.imf.org/view/books/084/05184-9781557759689-en/05184-9781557759689-en-book.xml IMF e-Library