Pension reform kicks off

March 2005
Emerging Europe Monitor: Central Europe & Baltic States;Mar2005, Vol. 12 Issue 3, p9
Country Report
Country Report
This article reports that the Slovakian authorities launched a pension system reform in January. Although unfavorable demographic trends make the pension revamp vital to long-term fiscal sustainability, it looks likely to hold back the government's euro ambitions until 2009. Despite the ruling by Eurostat, the EU's statistics agency, that the cost of pension reform must be included in the deficit measure used to assess Slovakia's preparedness to adopt the euro, the authorities are not totally discounting the possibility of winning an exemption on the issue.


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