Extending pension coverage in Cambodia
The governance and investment challenges of the Social Security Investment Fund
Bibliographic Data
| ID | 9971929 |
|---|---|
| Authors | Heikki Hiilamo (0000-0003-4886-4935, University of Helsinki Finland, corresponding author), Audrius Bitinas (University of Vilnius Lithuania), Narith Chân (National Social Protection Council Cambodia) |
| Year | 2020 |
| Volume | 73 |
| Issue | 4 |
| Pages | 97-116 |
| Publication date | 2020-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Social Security Review (JOURNAL) |
| Journal identifiers | ISSN: 0020-871X • E-ISSN: 1468-246X |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/issr.12252 |
| OpenAlex | W3112475083 |
| Language | EN |
| References cited | 10 |
Rapid economic growth, declining fertility and changes in family structures have encouraged the Kingdom of Cambodia to reform its old‐age pension system. The Government of Cambodia reached an important milestone in 2019, when the Law on Social Security was promulgated. The Law includes provisions for a compulsory defined benefit pension scheme, establishing a sound framework for extending compulsory pension coverage beyond the public sector to formal private‐sector workers. As a future step, the compulsory pension scheme should be extended to informal workers. To accompany the reform, the investment policy for the pension scheme’s reserve funds, including the supervisory regime and investment strategy, will be essential for the modernization of the Cambodian social security system. In this regard, Cambodia has successfully sought policy advice. However, the country should continue to seek further advice, and to act on this. Otherwise, the necessary and increasingly pressing policy ambitions of Cambodia to develop an adequate and sustainable social protection system may not be fully realized
Business · Corporate governance · Economic growth · Economic policy · Economics · Government (linguistics · Investment (military · Investment policy · Market economy · Modernization theory · National Pension · Pension · Political science · Politics · Private sector · Social protection · Social security · Cambodian History and Society · Finance · Law
| Citation velocity | historical |
|---|---|
| Highly cited | No |