sustainability of structural pension reforms in the Cee countries – experiences and lessons for the future
sustainability of structural pension reforms in the Cee countries – experiences and lessons for the future

Summary/Abstract: At the beginning of their economic transformations, Central and Eastern European countries inherited public pension systems which faced short- and long-term challenges that resulted from socio-economic conditions and demographic pressure. Pension reforms were on the political agenda from the early stages of the shift from centrally planned to market orientated economies.Most of the countries of the region introduced structural pension reforms, which led to complement- ing the mandatory public PAYG schemes with the mandatory pension funds.A decade on from the implementation of structural reforms, and now in times of financial and eco- nomic crisis, some of the C...... countries decided to retreat from their initial reform paths. This article discusses the fiscal factors of a reversal in pension reform or in maintaining the status-quo, and focuses on 8 countries: Bulgaria, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia.

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