Skip to content
You are not logged in |Login  
     
Limit search to available items
Record:   Prev Next
Resources
More Information
Bestseller
BestsellerE-book
Author Ben Nassar, Koffie, author, (IMF staff)

Title National insurance scheme reforms in the Caribbean / prepared by Koffie Nassar, Joel Okwuokei, Mike Li, Timothy Robinson and Saji Thomas.

Publication Info. [Washington, D.C.] : International Monetary Fund, [2016]
©2016

Item Status

Description 1 online resource (30 pages) : color illustrations.
text file
Series IMF working paper, 1018-5941 ; WP/16/206
IMF working paper ; WP/16/206.
Note "October 2016."
At head of title: International Monetary Fund, Western Hemisphere Department.
Bibliography Includes bibliographical references (pages 18-21).
Summary 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.
Contents Cover; National Insurance Scheme Reforms in the Caribbean; I. INTRODUCTION; II. IMPACT OF RECENT MACROECONOMIC DEVELOPMENTS ON PENSION SCHEMES; III. OVERVIEW OF THE PENSION SYSTEMS AND RECENT TRENDS; IV. VIABILITY OF THE PENSION SYSTEMS AND NEED FOR FISCAL TRANSPARENCY; V. IMPACT ANALYSIS OF PARAMETRIC REFORMS; VI. CONCLUDING REMARKS.
Local Note eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Subject Old age pensions -- Caribbean Area.
Old age pensions.
Caribbean Area.
Retirement age -- Caribbean Area.
Retirement age.
Economic development -- Caribbean Area.
Economic development.
Genre/Form Electronic books.
Added Author Okwuokei, Joel Chiedu, author, (IMF staff)
Li, Mike, author, (IMF staff)
Robinson, Timothy P., author.
Thomas, Saji, author, (IMF staff)
International Monetary Fund, publisher.
International Monetary Fund. Western Hemisphere Department, issuing body.
Other Form: Print version: Ben Nassar, Koffie. National Insurance Scheme Reforms in the Caribbean. Washington, D.C. : International Monetary Fund,2016 9781475545432
ISBN 9781475545432
1475545436
1475545649
9781475545647 (electronic book)
Standard No. 10.5089/9781475545432.001