Introduction: Maciej Lis, OECD
Followed by a discussion with:
Agnieszka Chłoń-Domińczak, SGH Warsaw School of Economics, Poland
Lauri Leppik, Tallinn University, Estonia
Filip Pertold, CERGE-EI, Czechia
Moderated by: Nicola Brandt, OECD
Over the next two decades, population ageing will be particularly rapid in Central and Eastern European countries, putting large pressure on the financial and social sustainability of pensions. Among these countries, Czechia, Estonia and Poland adopted different approaches to pension reform. Poland has introduced strong automatic benefit adjustments embedded in the notional defined contribution (NDC) scheme, while, as for now, no future changes to the retirement age have been implemented. Estonia has linked the retirement age to life expectancy, and Czechia has adjusted benefits and set out a path for increasing in the retirement age over the next 30 years. Participants will discuss how pension policies in Czechia, Estonia and Poland could better address the challenges posed by population ageing.
