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National insurance scheme reforms in the Caribbean /
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 p...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , , , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
[2016]
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| Colección: | IMF working paper ;
WP/16/206. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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. |
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| Notas: | "October 2016." At head of title: International Monetary Fund, Western Hemisphere Department. |
| Descripción Física: | 1 online resource (30 pages) : color illustrations |
| Bibliografía: | Includes bibliographical references (pages 18-21). |
| ISBN: | 9781475545432 1475545436 1475545649 9781475545647 |
| ISSN: | 1018-5941 ; |