Managing Financing and Costing of Pension System Reforms

Pension reforms top the political agenda across many countries. Growing population age, the impending retirement of the baby boom generation, increases in life expectancy, labour market dynamic that brings new employment formats and career instabilities create pressures for governments to rethink their pension systems’ rules. As in most of the countries, such reform would redistribute funds which are significant portions of the national GDP, governments are obliged to make efficient decisions supported by sound quantitative analysis that would ensure a lasting difference to its citizens. Financial officials working on social protection schemes deal with uncertain future fiscal events and complex interrelated demographic and behavioural factors. That is why they must use forecasting tools and models for empowering policy-makers in the design and monitoring the effectiveness of pension systems. At this workshop, we will take a look at the current debate on various aspects of actual and potential pension system reforms in SEE countries and beyond. The event will combine both theoretical and empirical approaches to pension reforms, with a special emphasis on behavioural economics and analytical tools that can support evidence-based policymaking.

This workshop will outline the relation between pension system reforms and achievement of countries’ overall fiscal objectives and assess possible tools for improving the effectiveness and efficiency of this spending. On this occasion, we will be presenting technical – analytical approaches to assessing short term & long term impacts of different reform measures, which is also an important input for assessing possible approaches to improving pension system financing through better coordination of allocated financial resources.

Due to complexity of stakeholders involved in the management of pension systems (ministries of social protection, labour, finance, insurance funds, labour unions, etc.), at this event we will also discuss prospects for incentivizing interinstitutional coordination and cooperation in exchange for financial and non-financial data. 

The workshop is designed for public officials committed to furthering pension systems in their country with innovative thinking, practical analytical tools and coordinated across-the-government actions. More precisely, the workshop is designed for technical officials responsible for the design, financial planning, evaluating and monitoring of pension schemes.

Lecturers

Saša Jazbec- State Secretary, Ministry of Finance of Slovenia

Janez Šušteršič- International Expert and former Minister of Finance of Slovenia

TBD

Practical information

Travel and accommodation costs will be funded for up to three officials per country from Albania, Bosnia and Herzegovina, Kosovo*, Montenegro, North Macedonia, Serbia and Turkey. Public officials from other CEF constituency countries and beyond are also welcome to apply however they would have to obtain funding from their sending institution (or another donor) to cover these costs. No fee will be charged, and meals and refreshments during the event will be provided to all selected participants.

The workshop is delivered in English and no translation will be provided. The workshop will be held in Ljubljana, Slovenia.

Applications need to be submitted no later than January 6 via this online application form. Candidates will need to be approved by the CEF; confirmations will be sent to selected candidates by January 10.

For more information please contact: