TY  - BOOK
AU  - Ben Nassar,Koffie
AU  - Okwuokei,Joel Chiedu
AU  - Li,Mike
AU  - Robinson,Timothy P.
AU  - Thomas,Saji
ED  - International Monetary Fund,
ED  - International Monetary Fund.
TI  - National insurance scheme reforms in the Caribbean
T2  - IMF working paper,
SN  - 9781475545432
AV  - HG3881.5.I58 W67 No. 16/206eb
U1  - 331.25/209729 23
PY  - 2016///]
CY  - [Washington, D.C.]
PB  - International Monetary Fund
KW  - Old age pensions
KW  - Caribbean Area
KW  - Retirement age
KW  - Economic development
KW  - fast
KW  - Electronic books
N1  - "October 2016."; At head of title: International Monetary Fund, Western Hemisphere Department; Includes bibliographical references (pages 18-21); 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
N2  - 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
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1529317
ER  -