Reversing pension privatization. The experience of Argentina, Bolivia, Chile and Hungary

Organization(s): ILO
Author: Carmelo Mesa Lago
Country: Argentina, Bolivia, Chile, Hungary
Year: 2014

This paper systematically compares and evaluates the reforms of private pensions systems in Argentina, Chile, Bolivia, and Hungary due to initial failures in design and performance after its implementation. The document presents advantages and flaws of the structural reforms and private pension systems before the re-reform and analyses legal features and socio-economic effects of the re-reforms. The analysis focus on ten selected social security principles: social dialogue, universal coverage, equal treatment, social solidarity, gender equity, benefits sufficiency, efficiency and reasonable administrative costs, social participation, state role and supervision, financial sustainability.

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