Many Latin American governments have radically restructured their old age income security systems, starting with Chile's 1981 pension reform. The reforms move national pension system from purely social to largely individual responsibility; from risk pooling to individual savings accounts. They maintain reduced public risk pooling features, combined with mandatory and voluntary individual private savings to finance pensions and diversify the risks...
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DETAILS
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2004/09/01
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Brief
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30733
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1
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1
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2010/07/01
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Keeping the promise of old age income security in Latin America
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risk pool
Citation
Gill,Indermit S.; Packard,Truman G.; Pugatch,Todd; Yermo,Juan.
Keeping the promise of old age income security in Latin America (English). En breve ; no. 53 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/201171468773063370