Abstract
The pension reforms that were enacted in Central-Eastern Europe and the Former Soviet Union in the past decade reflect considerable diversity, but share one common feature: a move from a universalist-redistributive heritage to strongly differentiated, earnings-related benefits, with an emphasis on contributory financing. the differences in level and scope of old-age protection are widening, however, as plummeting formal employment translates into sharply decreasing coverage ratios. Thus, the importance of the existing non-contributory benefits for the elderly, that currently play a relatively marginal role in the post-socialist world, may soon be increasing.
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