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Matching Contributions for Pensions : A Review of International ExperienceEstablishing robust, equitable, and
 effective social protection is essential to reducing poverty
 and boosting prosperity at all levels of development. The
 demographic transition that has already transformed most
 high-income societies will exert similar and growing
 pressures on others, reinforcing the role of pensions and
 savings for old age as a central pillar of social protection
 systems. One possible solution that has emerged in recent
 years that offers the potential to overcome this challenge
 is the provision of contribution matches to provide an
 immediate and powerful incentive for participation in
 pension saving systems. Originating in several high-income
 settings there are now a number of innovations and
 substantial experience in low-income countries in using this
 design to stimulate coverage and savings. This experience
 now provides a rich opportunity for learning, not just from
 the longer experience of a few high-income countries but
 also the more meaningful South-South learning across
 developing countries.This volume, which reviews
 the experience with matching pension contributions across
 the range of countries that have used the design, makes an
 initial, but critically important investment in this
 learning process. The description and analysis of this
 experience which is the product of partnership and
 collaboration across many public and private institutions
 provide an invaluable early assessment of the design to
 inform policy makers and practitioners as well as serve as a
 model for the kind of cooperation that will be required to
 address this difficult challenge. At the World Bank, we look
 forward to being part of this learning process of how to
 best provide old-age security for all.
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Strengthening Caribbean Pensions : Improving Equity and SustainabilityThis report aims to provide additional insights to existing analyses of public pension and social security schemes in the Caribbean. Such analyses have been undertaken with the support of the Inter-American Development Bank, the Caribbean Development Bank, the Canadian International Development Agency, the Economic Commission for Latin America, and the Caribbean and the International Social Security Association. By making cross-country comparisons within the region and across the world, this report will review fiscal vulnerability, sustainability, labor market efficiency, migration, financial market development, and other pension-related areas. Finally, governance and investment management should be strengthened by: (i) strengthening the governance structure, including authority and accountability of Board members; (ii) improving governance mechanisms with the assistance of external oversight and improved information disclosure; (iii) introducing codes of conduct for the governing body and management; and (iv) introducing a number of measures to strengthen the investment policies, investment strategy, asset allocation, and performance evaluation.
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A Worldwide Overview of Facts and FiguresThis paper presents and explains cross
 country data for mandatory publicly and privately managed
 pension systems around the world. Relevant World Bank
 demographic projections and other indicators previously
 reported in International Patterns of Pension Provision
 (2000) are updated, and relationships between key indicators
 are highlighted. For more than a decade, the World Bank has
 compiled and maintained a database on pension systems around
 the world. The process of collecting data began in the
 early 1990s when the Bank's first major research volume
 on the subject was published. Subsequently, expanding World
 Bank lending and technical assistance on pensions resulted
 in the collection of additional information, particularly in
 Eastern Europe and Latin America. In addition to providing
 more recent data, this update includes new and standardized
 information on system parameters. The aim of this document
 is to capture much of the relevant cross-country information
 and indicators. This is intended to provide decision makers
 with a general view of the current patterns of pension
 provision worldwide to support their efforts to develop
 well-informed frameworks for implementing and/or reforming
 pension systems.