The Hungarian Pension Reform

Roberto Rocha and Dimitri Vittas

in Social Security Pension Reform in Europe

Published by University of Chicago Press

Published in print January 2002 | ISBN: 9780226241081
Published online February 2013 | e-ISBN: 9780226241913 | DOI:
The Hungarian Pension Reform

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This chapter reviews the main components and objectives of the Hungarian pension reform, and makes a preliminary assessment of the first years of its implementation. The chapter is organized as follows. The second section provides some background material, examining briefly the performance of the pension system before the reform, and showing long-run projections of the system in the absence of reform. The third section describes the overall reform package, examines the switching results, and provides a number of long-run actuarial simulations of the new multipillar system. The fourth section examines the structure and performance of the private pillars in the early stages of implementation. Finally, the fifth section provides some conclusions and identifies possible lessons for other countries.

Keywords: switching results; pension reform; multipillar system

Chapter.  11902 words.  Illustrated.

Subjects: Public Economics

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