The Greek Pension Reforms : Crises and NDC Attempts Awaiting Completion (English)

Greece’s current pension system relies almost exclusively on the state and remains staunchly pay-as-you-go (PAYG) and defined benefit (DB). This paper offers a radical proposal for change: (i) a new multi-pillar notional and financial defined contribution (NDC and FDC) pension system for all generations first insured after 1993, with contribution rates for primary pensions reduced by 50 percent; and (ii) a transitional system for those first insured...

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Author

Nektarios,Milton;

Tinios,Platon;
Document Date
2019/04/01
Document Type
Working Paper (Numbered Series)
Report Number
136547
Volume No
1
Total Volume(s)
1
Country
Greece,
Region
Europe and Central Asia,
Disclosure Date
2019/05/03
Disclosure Status
Disclosed
Doc Name
The Greek Pension Reforms : Crises and NDC Attempts Awaiting Completion
Keywords
pension system

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Citation

Nektarios,Milton; Tinios,Platon.

The Greek Pension Reforms : Crises and NDC Attempts Awaiting Completion (English). Social Protection and Jobs Discussion Paper|no. 1906 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/572351556878896140

The Greek Pension Reforms : Crises and NDC Attempts Awaiting Completion (English)

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