The introduction of pension mobility within the emerging
Initiated by the
Pension mobility is a process of inter-state reciprocal recognition of labor migrants' pension rights. According to the report, introduction of pension mobility in the context of labor migration processes within the emerging
"Providing the free movement of labor is one of the fundamental functioning principles of any economic union. However, lifting registration barriers and simplifying regulatory approvals for labor force migration between countries of the Common Economic Space and the
International best practice proves that if donor and recipient countries use different social security systems, the issue of pensionary payments could be resolved through coordination of pension assignment rules. This coordination provides that pensionary assignments and payments are to be made by the pension fund of the country where the labor worker resides and applies for pensionary support. The pension fund of that country will then receive transfers (compensation) from the pension fund of the other country, where a labor migrant has worked. Compensation payments / transfers can be pro-rated based on the number of years that have been worked abroad.
Today, overall coordination between countries and their pension funds has not yet been developed in the CIS countries, nor within the framework of the Common Economic Space. However, there is a necessity to improve living standards and provide a decent life for labor migrants as they get older. From the macroeconomics point of view, an efficient pension mobility system could help improve the mobility, flexibility, and efficiency of the labor force as a production factor, as well as help raise the global competitiveness of the
"Pension mobility should become part and parcel of the free movement of workers, as should concerted social policies within the emerging labor market of the Common Economic Space," says
Introduction of labor migrants' pension mobility is an important item on the agendas of the Common Economic Space and the
The full text of the study is available here. http://eabr.org/e/research/centreCIS/projectsandreportsCIS/
More detailed information about the EDB is available at http://eabr.org/e/.
MIRPAL (Migration and Remittance Peer-Assisted Learning Network) is a community of migration and remittance practitioners and experts representing governmental and non-governmental organizations from nine CIS countries:
TNS 18EstebanLiz-140722-30FurigayJane-4803426 30FurigayJane
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