Chapter 6 Reflections on Pension Reform in the Americas: From ‘Averting the Old-Age Crisis’ to ‘Keeping the Promise of Old-Age Security’ and Beyond

Abstract

AbstractThis chapter begins by presenting Estelle James' points of discussion if she were to cowrite a sequel to Averting the Old Age Crisis. Truman Packard then summarizes some of the issues raised in Keeping the Promise of Social Security in Latin America and highlights the most important points for pension policymakers. In particular, this chapter addresses the issues of low coverage and the expected outcome of pension reforms. The World Bank's framework for pension systems and reform is discussed.