02378cas a2200325 a 4500 AALejournalIMF022350 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513588841 1018-5941 BD-DhAAL BD-DhAAL Kangur, Alvar. Reforming the Greek Pension System / Alvar Kangur, Niki Kalavrezou, Daehaeng Kim. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (26 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 The Greek pension system has been costly, complex, and distortive, which has contributed to Greece's fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015-17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms can go a long way towards enhancing the pension system affordability. However, reforms faced setbacks and fell short of creating stronger incentives to build long contribution histories, to deliver sustainable growth by improving the fiscal policy mix, and to ensure fairness and equitable burden sharing across generations and interest groups. Policy priorities should aim towards fully implementing the 2015-17 reforms and complementing them with additional reforms to address these remaining objectives. Mode of access: Internet Demographic Trends, Macroeconomic Effects, and Forecasts imf Fiscal Policy imf Retirement Policies imf Retirement imf Social Security and Public Pensions imf Kalavrezou, Niki. Kim, Daehaeng. IMF Working Papers; Working Paper ; No. 2021/188 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/188/001.2021.issue-188-en.xml IMF e-Library