Modelling

Pension system modelling is a requisite decision support tool in any pension reform scenario.  Simulations of the demographic, economic and financial influences on a pension system allow decision-makers to understand the consequences of various reform proposals.

CCL utilises an in-house model for the analysis of pay-as-you-go systems, funded systems and the transition from one to another.  The model technology is, we believe, more transparent and flexible than other available models and has been effectively applied in Estonia, Albania, the Russian Federation and Bosnia Herzegovina.  Variants of the model have been used to assist work in Bulgaria and Poland.