EVALUATION OF RETIREMENT SYSTEMS OF COUNTRIES WITHIN THE SOUTHERN AFRICAN DEVELOPMENT COMMUNITY

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Year: 2010

Category: Corporate Reports

Abstract

Oxford Policy Management (OPM) was contracted by FinMark Trust and its partners (the Department of Social Development and the International Social Security Association) to undertake an evaluation of retirement systems of the 15 countries within the Southern African Development Community (SADC). In accordance with the terms of reference, we have set out to develop ‘a comprehensive review of the retirement systems and informal mechanisms of all SADC countries’ and, in doing so, have focused on ‘describing the retirement systems of each country with a view to understanding the effectiveness and coverage in different systems and the importance of informal approaches to long-term provision’. The overall aims of the study were to compile and systematise the information available on retirement systems in the region, including informal mechanisms and mechanisms used by informal sector workers. This intention has been to provide comparative information that can be set against the more extensive information that is available for corresponding systems in other parts of the world, and form the basis for further development of retirement systems in these countries.

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