Pension Reform in Comoros: Union of the Comoros

This paper assesses the financial outlook of the pension system in Comoros based on recent actuarial analyses and examines reform options. It documents structural imbalances arising from system design features, limited contributor coverage, and demographic dynamics, which are projected to generate increasing financing pressures over time. The analysis identifies the key drivers of projected deficits and evaluates policy measures to restore financial sustainability, including parametric adjustments and institutional strengthening. As one of the first comprehensive actuarial-based assessments of pension reform in a fragile state context, the paper provides an analytical framework to support reform sequencing while safeguarding social protection objectives and improving system efficiency.