(Forthcoming) Financial Sustainability of Public Pensions in Cuba: The Impact of Aging, Structural Reforms, and the Economic Crisis

Abstract

This article analyzes Cuba’s pension system from 2006-2021 with respect to its financial and actuarial sustainability and impact on the population. It includes discussion of the aging population; the sharp cut in social expenditures since 2009; the deficit in pension financing and the impact of the 2008 parametric reform; the devaluation of pensions; structural reforms and the expansion of poverty and the curtailing of social assistance; the impact of the current economic crisis on pensions; and projections of the future financial sustainability of pensions

Publication
International Social Security Review