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An International Comparison of the Implicit Pension Debt

    Yang Yiyong

Report Abstract:

Abstract: Generallyspeaking, the pension insurance system can be regarded as a sort of benefitcommitment made by a government to its people, and the change to it willinevitably change or even reduce the rights and interests of people it covers.Thus, a precondition for promoting the pension insurance system reform is toproperly handle the implicit pension debt in the course of reform. The paperselects Chile, Poland and Argentina for national case studies to see how theyhandle the implicit pension debt, and proposes a general method for handlingthe cost of pension system reform, in order to draw useful experience for Chinain handling the implicit pension debt.



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