Central and Eastern Europe’s experience of the pension reform process can illuminate some of the pitfalls of embracing systemic pension reforms too eagerly, with subsequent reversal of these reforms occurring some years later as governments found themselves increasingly under financial strain. Employers in these countries have lived through the reform process and must now shoulder an increasing pension burden.

Milliman’s Dominic Clark explores the impact of moving from public to private pension provision (and in some cases back to public provision), the reasons behind the changes and what can be learned for implementing systemic pension reforms more successfully in future.