A fiscal indicator for assessing first and second pillar pension reforms by Mauricio Soto, Benedict Clements and Frank Eich, published by IMF. “This paper argues that tradicional deficit and debt indicators reflect the health of public finances today but fail to capture the future fiscal impact of pension reforms. The note proposes a new fiscal indicator – the “pension-adjusted” budget balance – which provides a level playing field for the evaluation of a country’s pensionpolicies.
Second Pillar Pension Reform (Soto, Clements and Eich)
