IMF Working Papers

Pension Reform in Belgium

July 1, 1996

Preview Citation

Format: Chicago

Pension Reform in Belgium, (USA: International Monetary Fund, 1996) accessed November 21, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper reviews the financial implications of aging for the pension system in Belgium during 1995-2050. Our simulations indicate a strong rise in pension expenditure over the next half century, as is the case in other industrialized countries. In Belgium, the problem is particularly acute in the pension system for civil servants. The impact of amending indexation of pension benefits and their ceilings, of harmonizing pension schemes for public and private sector employees, and of increasing the mandatory retirement age is discussed. We also calculate rates of return on the participation in the Belgian pension system and present some evidence on the intergenerational impact of the different reform options.

Subject: Aging, Civil service, Economic sectors, Expenditure, Labor, Pension spending, Pensions, Population and demographics, Public sector

Keywords: Aging, Civil service, Labor cost, Pension spending, Pensionable earnings, Pensions, Pensions of wage-earner, Public sector, Rate of return, Wage bill, Wage growth, Wage history, Wage-earners pension scheme, Wage-earners' pension scheme, Wage-earners' scheme, WP

Publication Details

  • Pages:

    42

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 1996/074

  • Stock No:

    WPIEA0741996

  • ISBN:

    9781451849547

  • ISSN:

    1018-5941

You May Also Be Interested In...

Kiribati: Agricultural Subsidies for Copra: Improving Efficiency and Equity and Balancing Trade-offs

November 21, 2024

Burkina Faso: Report on Government Finance Statistics Mission (March 18–29, 2024)

November 18, 2024

Growth Convergence and Public Finances of India and its States

November 15, 2024

Violent Crime and Insecurity in Latin America and the Caribbean: A Macroeconomic Perspective

November 11, 2024