Making Sense of Pension Reform
Pension reform has become one of the most troubling fiscal dilemmas facing developed countries, especially those with a shrinking workforce and an aging population. Poland’s experience suggests that reform is difficult enough to implement in a strong economy that no government can afford to wait until hard times force it to act.
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WARSAW – Pension reform has become one of the most troubling fiscal dilemmas facing developed countries, especially those with a shrinking workforce and an aging population. The issues are both complex and controversial, while seeming quite dull to much, if not most, of the public. As a result, serious discussion is too often hijacked by those with an ulterior motive.