LONG-TERM SUSTAINABILITY OF THE SLOVENIAN PENSION SYSTEM

Like most other EU countries, Slovenia has a rapidly ageing population which demographic projections indicate will accelerate even further in the future. This will exert serious fiscal pressures on the Slovenian pension system. Even though the pension reform of 2000 is already yielding important res...

Full description

Saved in:
Bibliographic Details
Published in:Economic and business review for Central and South-Eastern Europe 2008-12, Vol.10 (4), p.271-288
Main Authors: Cok, Mitja, Sambt, Joze, Skok, Ales Berk, Kosak, Marko
Format: Article
Language:English
Subjects:
Age
Aging
Demographic change
Demographics
Demography
Disability insurance
Economic forecasts
Expenditures
Fertility
GDP
Gender differences
Gross Domestic Product
Long-term analysis
Migration
Mortality
Pension schemes
Pensions
Population
Population ageing
Public budgeting
Retirement
Simulation
Slovenia
Studies
Sustainability
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Like most other EU countries, Slovenia has a rapidly ageing population which demographic projections indicate will accelerate even further in the future. This will exert serious fiscal pressures on the Slovenian pension system. Even though the pension reform of 2000 is already yielding important results, further adjustments will be needed in order to avoid an unsustainable increase in pension expenditures. This paper develops long-term financial projections of the pension system based on Eurostat demographic projections. Our projections are produced by a family of ILO models and take into account the latest legislative changes and most recent data available. With the measures taken under the present system, the share of pensions relative to GDP probably exceeds a limit that can be maintained in the future. [PUBLICATION ABSTRACT]
ISSN:1580-0466
2335-4216