Sustainability and Equity Challenges to Pension Systems: The Case of Lebanon

• Autorzy: Mariusz Jarmuzek , Najla Nakhle
• Języki publikacji: EN

Abstrakty

EN

Reform of Lebanon's pension system is indispensable. The country already faces fiscal sustainability risks, which will be compounded in the future by significantly higher pension- related spending and liabilities, mainly reflecting adverse demographics. In addition to sustainability issues, the pension system also suffers from equity shortcomings - Lebanon is the only MENA country that does not offer social security for retirees in the private sector. While several reform proposals have been formulated since the early 2000s, none has been implemented to date. Costs mount with every year of delay, so action is required soon to address these challenges. (original abstract)

Słowa kluczowe

EN

Ageing of the population; Demographic analysis; Pension system reform

PL

Starzenie się społeczeństw; Analiza demograficzna; Reforma systemu emerytalnego

• Czasopismo: Journal of Banking and Financial Economics
• Rocznik: 2018
• Numer: nr 2(10)
• Strony: 52--66

Twórcy

autor

Mariusz Jarmuzek

• International Monetary Fund

autor

Najla Nakhle

• International Monetary Fund

Bibliografia

• El Daher, Samir, 2012, "Lebanon Unsustainable Pension Scheme" (mimeo).
• International Labor Organization, 2013, "Lebanon's long awaited pension reform within reach" http://www.ilo.org/global/about-the- ilo/newsroom/features/WCMS_207664/lang--en/index.htm.
• International Labor Organization, and World Bank, 2011, "Joint World Bank and ILO Letter on Government Reform Proposal on Pension."
• International Monetary Fund, 2014, Equitable and Sustainable Pensions. Challenges and Experience, ed. by Benedict Clements, Frank Eich, and Sanjeev Gupta (Washington: International Monetary Fund).
• International Monetary Fund, 2015, "Lebanon: 2015 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Lebanon" IMF Country Report No. 15/190 (Washington) http://www.imf.org/external/pubs/cat/longres.aspx?sk=43092.0.
• Government of Lebanon, By-law of the Retirement, Disability and Death System, 2013.
• Jarmuzek, Mariusz and Najla Nakhle International Monetary Fund, 2016, Sustainability and Equity Challenges: Some Arithmetic on Lebanon's Pension System (Washington: International Monetary Fund, WP/16/46)
• Lebanese Economic Association, 2014. "The Right for Pension and Social Security: the current legislative framework and proposed recommendations" http://leb- econ.org/kre/wp-content/uploads/2013/11/ - - - - %D 9 .pdf.
• Loewe, Markus, 2013,"Pension Schemes and Pension Reforms in the Middle East and North Africa," German Development Institute.
• Pallares-Miralles, Montserrat, Carolina Romero, and Edward Whitehouse, 2012, "International Patterns of Pension Provision II. A Worldwide Overview of Facts and Figures" (Washington: World Bank).
• Rached, Mounir, 2012, "Social Security and Pensions in Lebanon: A Non-Contributory Proposal," Lebanese Economic Association and IDRC.
• Soto, Mauricio, Vimal Thakoor, and Martin Petri, 2015, "Pension System in Mauritius: Fair and Fast - Balancing Social Protection and Fiscal Sustainability," IMF Working Paper 15/126 (Washington: International Monetary Fund).
• Yount, Kathryn and Abla Sibai, 2008, "Demography of Aging in Arab Countries," International Handbooks of Population Volume 1, 2009, pp. 277-315.
• World Bank, 2005, "Toward an Integrated Pension System: Reforming the End-of-Service Indemnity Program and The Civil Service and Military Pension Funds."
• World Bank, 2005, "Lebanon Quarterly Update, First Quarter 2005" (Beirut: World Bank).

Identyfikatory

DOI

10.7172/2353-6845.jbfe.2018.2.3