Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 12, 2011 erstellt
Beschreibung:
The past decade has brought broad recognition of the importance of pension systems to the economic stability of nations and the security of their aging populations. As countries around the world grapple with the long-term affordability of their pensions systems, there are also growing demographic and economic pressures that are forcing both developing and developed countries to undertake urgent pension reforms. In Kenya the pension industry has grown rapidly during the past decade that its institutions rank amongst the largest investors in the money and capital markets of the country. Their economic viability nevertheless remains a major challenge today. Their capacity to generate sufficient financial resources to ensure long-term assets match their long-term liabilities has been of concern both to members and policy makers. Consequently the subject has become an important area of academic research and policy reform. The paper therefore reviews the literature on the impact of pension reforms on the financial viability of pension plans in Kenya