Pension reform in Central and Eastern Europe: Emerging issues and patterns

The countries of central and eastern Europe are trying different approaches to restructuring their pension systems against a general back.-round of po litical changes, acute financial constraints and, often, lack of tripartite consensus. Though the process still has a long way to go before its defini tive outcomes can be assessed, the authors identify a number of emerging pa tterns and common difficulties in the two main avenues of reform, namely, p rivatization and restructuring of the existing public schemes. Their compre hensive discussion covers the economic impact of transition on the pre-exis ting pension systems, demographic projections, and the financial and instit utional aspects of reform.