Download or read book Policy and Implementation Issues in Reforming Pension Systems written by E. Philip Davis and published by . This book was released on 1998 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the light of the existing financing problems of pay-as-you-go social security pension systems and the greater difficulties they will face in future as the demographic situation deteriorates, the issue of pension reform is becoming a matter of growing importance in OECD countries, developing countries and countries in transition. This paper seeks to facilitate discussion of the underlying economic issues by offering a schematic presentation of the various benefits and costs arising from the various alternatives available in respect of reform, with the major emphasis being on a shift towards funding.