Directions for Pensions in Pakistan
CASS Working Papers of Economics & National Affairs, Working Paper ID: EC024UC, 2021
10 Pages Posted: 4 Feb 2021 Last revised: 11 Feb 2021
Date Written: January 3, 2021
Pensions and social protections are a complex political topic in all countries. In Pakistan, the difficulties arise from various structural and procedural elements, and this paper suggests certain directions, including: (1) looking at the wider (non)structures of informal economic life, (2) measuring the accrued actuarial burden, (3) changing to a defined contribution system, (4) noting the negative role of the IMF and other lenders, (5) digitization, and (6) attending to the politicization of pensions (civil & military).
Keywords: pensions, social protection, IMF, budget, developing country, Pakistan, defined benefit, defined contribution
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