| Description |
1 online resource (24 pages) : color illustrations |
| Series |
IMF working paper, 1018-5941 ; WP/15/126 |
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IMF working paper ; WP/15/126.
|
| Contents |
Cover; Abstract; Contents; I. Introduction; Figures; 1. Projected Public Pensions Spending on BRP and CSDB; II. The Pension System in Mauritius; Tables; 1. Main Pension Schemes in Mauritius in 2013; 2. Projected Pensions Spending in 2015; III. Demographic and Fiscal Challenges; A. Demographic Outlook; 3. Demographic Trends; B. Fiscal Outlook; 4. Baseline Projection for Basic Retirement Pension (BRP), 2015-2100; 2. Impact of Introduction of DC Scheme for New Entrants to the Civil; 5. Baseline Projection for Civil Service Defined Benefit Scheme (CSDB), 2013-2100 |
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6. NPF Assets and Annual Real Rate of Return, 2015-2100IV. Reforms Options; A. Basic Retirement Pensions; B. Civil Service Pension Schemes-Defined Benefit; C. Civil Service Pension Schemes-Defined Contribution; D. National Pension Fund; E. National Savings Fund; V. Concluding Comments; Appendix: Methodology to Simulate Pension Spending; References; References |
| Summary |
Despite important past reforms, the ageing population of Mauritius threatens the sustainability of its pension system. This paper examines how pension spending might increase without reforms and discusses reforms options. The findings suggest that unifying the retirement age and indexing it to life expectancy would contribute most significantly to secure and sustainable pensions. The poverty reducing objective of the universal pension can be improved by better targeting. The old age protection objective of the National Pension Fund could be strengthened by increasing contribution and replacement rates. Implementing changes faster should result in less drastic future changes and fairer outcomes.--Abstract |
| Notes |
"June 2015." |
|
"Fiscal Affairs Department and African Department." |
| Bibliography |
Includes bibliographical references (page 23) |
| Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed June 22, 2015) |
| Subject |
Pensions -- Mauritius
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Aging -- Mauritius
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Fiscal policy -- Mauritius
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Aging
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Fiscal policy
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Pensions
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Social policy
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| SUBJECT |
Mauritius -- Social policy
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| Subject |
Mauritius
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| Form |
Electronic book
|
| Author |
Thakoor, Vimal, author.
|
|
Petri, Martin, author.
|
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International Monetary Fund. Fiscal Affairs Department.
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International Monetary Fund. African Department.
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| ISBN |
9781513525716 |
|
1513525719 |
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1513568337 |
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9781513568331 |
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9781513539102 |
|
1513539108 |
|
1513563378 |
|
9781513563374 |
|
