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Pension System Reform, Social Safety Nets, and Labor Market Development

International leaders in social protection, such as the International Labour Organization, agree that strong social protection mechanisms can help to protect vulnerable populations at various stages of their lives. However, many countries struggle to sustainably finance effective social protection programs. Public pension programs, for example, are often implemented, but in many instances are financially unsustainable. In many countries, significant structural reforms are needed to build multi-pillar pension programs that are financially viable, promote savings, and provide adequate retirement income. Similarly, many social safety net programs, such as conditional cash transfers, are designed to help protect the poor; however, these programs are often not implemented with the necessary funds for sustainable programming.

Deloitte brings the knowledge and political awareness to help governments in their efforts to undertake difficult but necessary reforms to their pension systems. Our team brings technical experience ranging from conducting actuarial and economic modeling and developing IT systems to support pension operations to drafting pension reform laws and improving the efficiency of social security program administration.

Featured Projects

Armenia Pension and Labor Market Reform Armenia pension and labor market reform
This project assists the Government of Armenia (GoA) in pension reform policy and implementation to help individuals, households, and communities better manage social risks.

Social Safety Net and Pension Reform in Iraq Social safety net and pension reform in Iraq
Deloitte supported Iraq to design and implement a $250 million social safety net program and a more sustainable pension program.

Pension Reform in Serbia Pension reform in Serbia
Deloitte worked closely with local stakeholders to strengthen Serbia's capacity to establish and maintain an economically viable pension system.


 

As used in this document, “Deloitte” means Deloitte Consulting LLP, which provides strategy, operations, technology, and human capital consulting services, Deloitte Financial Advisory Services LLP, which provides financial advisory services, and Deloitte & Touche LLP which provides governance and risk oversight and reporting advisory services. These entities are separate subsidiaries of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

Contacts

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EmergingMarketsGH@deloitte.com

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