A Survey of Different Countries Experiences in Pension Fund Reforms (Translation)
Dr. Mohammad Hussein Emadi
Dr. Arash Nasr Isfahani
Analyzing the current trends to demographic changes such as the increase of life expectancy and the decline of population growth illustrates that Iran is rapidly moving toward aging and in almost 30 years it will have undergone huge social changes all resulting from demographic alterations. In other words, by 1430 more than a quarter of the Iranian population will be over 60 years old. Preliminary evidences of these problems are visible in financial instability at pension funds, as one of the three major crises in the 6th Iranian 5-year Development Plan, and their dark economic prospects predicted for the upcoming years. Therefore, taking a well-assessed social policy in line with demographic changes and controlling pervasive crises in the country appear to be of absolute significance. Even though some managers and policymakers highlight the necessity of parametric reforms for financial stability of pension funds, as a main solution, relying on new theories and approaches, the current study attempts to show that the main prerequisite of social policy-making evolution for the elderly is taking a thorough approach and giving priority to paradigmatic alterations i.e. modifying people’s mentality toward the elderly and retirees. Resorting to “Active Aging” approach, which has recently been proposed by the World Health Organization (WHO), this project is attempting to introduce the latest successful global experiences to illuminate the major social policies for the retirees. Having reviewed various actions taken in the local and national scale in different countries, this research is trying to present a list of policies and programs in order to improve the lifestyle of the elderly and retirees in three phases: governmental, managerial, and technical.