NDLI: Comparing the New Pension Systems of the Baltic States

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Content Provider	OECD iLibrary
Author	Whitehouse, Edward
Abstract	This paper uses a consistent method to compare pension benefits in the Baltic states. The approach is "microeconomic", looking at individual entitlements under the reformed retirement income regimes. The pension entitlements that are modelled are those that are currently legislated. There is no attempt at determining the affordability of these entitlements. The projections of benefits for full-career workers show that these new systems are well diversified, with around half of the net replacement rate coming from the funded schemes in Estonia and Latvia and one third in Lithuania. The new systems are also broadly neutral with regard to pension age and do not encourage early retirement to the degree of many OECD countries. On the other hand, the new systems are more generous and less redistributive than all but a couple of OECD countries. The treatment of pensioners under the personal income tax is also exceptionally generous in all three countries...
Page Count	35
Starting Page	25
Ending Page	57
Language	English
Publisher	OECD Publishing
Publisher Date	2004-04-08
Access Restriction	Open
Subject Keyword	Finance and Investment
Content Type	Text
Resource Type	Chapter

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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Comparing the New Pension Systems of the Baltic States