02011cas a2200277 a 4500 AALejournalIMF017180 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475545432 1018-5941 BD-DhAAL BD-DhAAL Ben Nassar, Koffie. National Insurance Scheme Reforms in the Caribbean / Koffie Ben Nassar, Joel Chiedu Okwuokei, Mike Li, Timothy Robinson. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (30 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 Weighed down by population aging, slow economic growth, and high unemployment, National Insurance Schemes in the Caribbean are projected to run substantial deficits and deplete their assets in the next decades, raising the prospects of government intervention. With the region highly indebted, this paper quantifies the impact of three parametric reforms-freezing pension benefits for two years, raising the retirement age and increasing the contribution rate by one percentage point-that, if implemented, would put the pension schemes on a stronger financial footing. While the appropriate combination of reforms necessary to eliminate the actuarial deficits varies depending on each country's circumstances, most countries need to undertake reforms now or risk even higher taxes, lower growth and unsustainable debt dynamics. Mode of access: Internet Chiedu Okwuokei, Joel. Li, Mike. Robinson, Timothy. IMF Working Papers; Working Paper ; No. 2016/206 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/206/001.2016.issue-206-en.xml IMF e-Library