Bolivia's bold program of pension reform involved the immediate closing down of the old pay-as-you-go system and its replacement by a defined-contribution system based on individual capitalization accounts and managed by the private sector. The pensions of the old system will be covered by the Bolivian Treasury. Workers will receive compensatory pensions for their contributions to the old system. These will be calculated on the basis of a simple formula...
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1997/09/01
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Documento de trabalho sobre pesquisa de políticas
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WPS1832
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1
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1
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2010/07/01
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Pension reform in Bolivia : innovative solutions to common problems
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pension system
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