Implications of the retreat from mandatory pension funds in CEE

Jobs and Development Blog
Agnieszka Chłoń-Domińczak, via World Bank Blogs, talks about the consequences of the recent post-financial crisis retreat from mandatory pension funds among CEE countries.

While the pension wealth expectations increased in case of Slovakia, the opposite can be said of Poland and Latvia. The changes also increased the reliance of future pension income on wage-based financing and affected the societal trust towards the governmental pension system. A long-term commitment is required from the governments (read  the whole blog post here).

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