Bosnia and Herzegovina Pension System Note

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dc.creatorWorld Bank
dc.date2014-08-01T20:36:24Z
dc.date2014-08-01T20:36:24Z
dc.date2007-06-15
dc.date.accessioned2026-07-01T01:27:41Z
dc.descriptionThe Bosnia and Herzegovina (BH) pension system currently consists of two pension funds, each functioning in one o f the two entities making up Bosnia and Herzegovina, the Federation (FBiH) and Republika Srpska (RS). Both pension systems have already undertaken substantial reforms supported by the World Bank. However, critical problems still exist in both systems and will only worsen with time. This note provides an evaluation of the current system and provides some possible reform options. The note is organized as follows: Section 2 contains a brief overview of the historical development of the pension systems, Section 3 contains a brief overview of the current demographics and financial status of the pension funds, Section 4 provides a detailed review of the pension system design parameters in each system, providing international comparisons, Section 5 provides projections of the financial and social consequences of today's parameters, Section 6 provides some reform options which harmonize parameters across the two entities and remove the most obvious disincentives in the current systems, Section 7 provides a longer run view on options for dealing with declining pension coverage among the elderly, and Section 8 concludes.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2007/06/7934756/bosnia-herzegovina-pension-system-note
dc.identifierhttps://hdl.handle.net/10986/19243
dc.identifierhttps://doi.org/10.1596/19243
dc.identifier.urihttp://hdl.handle.net/123456789/418295
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCRUAL RATES
dc.subjectAGED
dc.subjectAVERAGE WAGE GROWTH
dc.subjectBASIC BENEFIT
dc.subjectBENEFIT FORMULA
dc.subjectBUDGETARY SUPPORT
dc.subjectCITIZENS
dc.subjectCONTRIBUTION RATE
dc.subjectCONTRIBUTION RATES
dc.subjectDEPENDENCY RATIO
dc.subjectDISABILITY
dc.subjectDISABILITY PENSIONS
dc.subjectEARNINGS HISTORIES
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectELDERLY
dc.subjectELDERLY POPULATION
dc.subjectGROSS WAGES
dc.subjectHEALTH INSURANCE
dc.subjectHUMAN DEVELOPMENT
dc.subjectINEQUITIES
dc.subjectINFLATION INDEXATION
dc.subjectINFORMAL SECTOR
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSTITUTIONAL STRUCTURE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLIMITED RESOURCES
dc.subjectMACROECONOMIC STABILITY
dc.subjectNET WAGE
dc.subjectNOMINAL WAGES
dc.subjectOLD AGE
dc.subjectOPPORTUNITIES FOR INDIVIDUALS
dc.subjectPENSION COVERAGE
dc.subjectPENSION FUND
dc.subjectPENSION FUNDS
dc.subjectPENSION RIGHTS
dc.subjectPENSION SYSTEM
dc.subjectPENSION SYSTEM PARAMETERS
dc.subjectPENSION SYSTEMS
dc.subjectPENSIONERS
dc.subjectPENSIONS
dc.subjectPOLITICAL DECISION
dc.subjectPOPULATION DECLINES
dc.subjectPOPULATION ESTIMATES
dc.subjectPOPULATION PROJECTIONS
dc.subjectPOPULATION STRUCTURE
dc.subjectPOTENTIAL CONTRIBUTION
dc.subjectPRIVATE PENSION
dc.subjectPRIVATIZATION
dc.subjectPUBLIC SYSTEM
dc.subjectREPLACEMENT RATE
dc.subjectRESPECT
dc.subjectRETIREES
dc.subjectRETIREMENT
dc.subjectRETIREMENT AGE
dc.subjectRETIREMENT AGES
dc.subjectRETIREMENT SAVINGS
dc.subjectREVENUE COLLECTION
dc.subjectSOCIAL CONSEQUENCES
dc.subjectSOCIAL INSURANCE
dc.subjectSOCIAL INSURANCE PROGRAMS
dc.subjectSOCIAL INSURANCE SYSTEMS
dc.subjectSOCIAL PENSION
dc.subjectSOCIAL PROTECTION
dc.subjectSPOUSE
dc.subjectSURVIVOR PENSIONS
dc.subjectTREATIES
dc.subjectWAGE HISTORIES
dc.subjectWAR
dc.subjectWORKER CONTRIBUTIONS
dc.subjectYOUNG AGE
dc.titleBosnia and Herzegovina Pension System Note
dc.titleBosna i Hercegovina - Dokument o penzijskim sistemima

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