» Pensions and the crisis
 
 
 

(back to Global Economic Crisis)

The current financial crisis raises substantial issues about public and private pension schemes. Indeed, each type of plan has suffered different losses during the crisis, but there are general failures in all cases that call for a redefinition of the current pension system.

The financial debacle highlights the shortcomings of both defined benefit and defined contribution plans. Institutions and governments should take short and medium term measures to ensure the sustainability of pension schemes. This page is meant to better understand the impact of the crisis on pensions thereby motivating a constructive debate.

 

» Main Resources
 
The president of Argentina at the International Labour Conference (just in Spanish)

 

 
 
 
» Library
  • OECD Private pensions Department
    OECD,  2009     More info...
  • Pensions & the Financial Crisis
    A. Champalbert: ILO-STEP,  2009     More info...
  • Reforming Pensions - Myths, Truths, and Policy Choices
    Barr, N. A.,  2000     More info...
» Links
» Glossary
  • pay-as-you-go (PAYG) rate
    The ratio of total annual expenditure of a scheme to the annual ... More info...