ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Reforming Pension Systems-An Idea whose Time Has Come

An Idea whose Time Has Come?
Gita Bhatt POLITICIANS are worried because populations almost everywhere are getting older faster. And so they should be. In the industrial countries, rising budgetary costs of social- benefit programmes for the elderly have been the driving force behind governments' unsustainable fiscal positions. And in most developing countries, where looking after the old has traditionally been a family affair, governments wonder what kinds of pension systems will be needed as these societies age and develop.

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