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Reformed Pensions Systems in Central and Eastern Europe: Challenges to Future Safe Pension Benefits
Dimche Lazarevski of University American College Skopje [UACS], Jadranka Mrsik 
Aug. 29, 2012
"The initial pension reform implementation made expectations for significant benefits such as increased labor participation, higher saving rates and faster capital market development. However, these benefits are not visible for the time being.... Calculated reduction in the replacement rates in this paper shows that the reform is not going to create adequate pension benefits."
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