Cover IMF Working Papers
Buy Book in Print
Sustainability and Equity Challenges: Some Arithmetic on Lebanon’s Pension System
Author:
Mariusz Jarmuzek
Search for other papers by Mariusz Jarmuzek in
Current site
Google Scholar Close
and
Najla Nakhle
Search for other papers by Najla Nakhle in
Current site
Google Scholar Close
Series:
IMF Working Papers
Volume/Issue:
Volume 2016: Issue 046
Language:
English
Publication Date:
02 Mar 2016
DOI:
https://doi.org/10.5089/9781513541488.001
ISBN:
9781513541488
ISSN:
1018-5941
Pages:
20
Keywords:
WP; pension; retirement age; pension expenditure; employee; ageing; demographics; equity; pensions; pension reform; fiscal policy; sustainability; private sector scheme; pension payment; pension allowance; present discounted value; pension liability; pension equivalent; private sector employee; pension dynamics; Pension spending; Retirement; Aging; Middle East; North Africa; East Africa
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (983.2 KB) Download Epub
Reform of Lebanon’s pension system is indispensable. The country already faces fiscal sustainability risks, which will be compounded in the future by significantly higher pensionrelated spending and liabilities, mainly reflecting adverse demographics. In addition to sustainability issues, the pension system also suffers from equity shortcomings—Lebanon is the only MENA country that does not offer social security for retirees in the private sector. While several reform proposals have been formulated since the early 2000s, none has been implemented to date. Costs mount with every year of delay, so action is required soon to address these challenges.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund