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Funded and private pensions

OECD Reviews of Pension Systems: Peru

In series:OECD Reviews of Pension Systemsview more titles

Published on September 09, 2019

book
This review assesses Peru’s pension system in its entirety, looking at both public and private, pay-as-you-go (PAYG) financed and funded pension provisions. The review then provides policy options to help tackle old-age poverty; establish a solid framework for the contributory pension system to meet its objectives; improve the coverage and level of pensions; and optimise the design and improve the regulation of the funded private pension component. A further goal of these proposals is to improve the Peruvian population’s trust that the country’s pension system will be able to deliver secure retirement income in old age. The review is the fifth in a series of country reviews of pension systems [Ireland (2014), Mexico (2016), Latvia (2018), and Portugal (2019)]. These reviews provide countries with policy options that will help them improve the functioning of their overall pension system. Tailored policy options are proposed based on the specificities of the national pension system, and on international best practices regarding reforms, design and regulation of pension systems.

TABLE OF CONTENTS

Foreword
Executive summary
Introduction to the review of the Peruvian pension system
Context and description of the current Peruvian pension system
Tackling old-age poverty
Establishing a solid framework for the contributory pension system
Improving the coverage and level of pensions
Optimising the design of the private pension system for the accumulation phase
Optimising the design of the private pension system for the pay-out phase
Trust and confidence in the pension system
Summary of recommendations from the OECD review of the Peruvian pension system
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