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Corporate governance in Central Europe and Russia : pension funds in Central Europe and Russia : their prospects and potential role in corporate governance (anglais)

Social pension systems in most countries in Eastern Europe and the former Soviet Union face severe financial pressure. The authors describe the features of the pension systems that have led to the current dire predicament: a big discrepancy between system and demographic dependency ratios, unsustainable targeted replacement rates, the high contribution rates needed, growing evasion, and growing deficits. Radical basic reform is inevitable, they say...
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