Social pensions in the Americas: Recent developments
Ensuring adequate social security coverage for an ageing population is an important priority for governments and the global membership of the International Social Security Association (ISSA). Social pensions, also known as zero pillar or non-contributory pensions, complement contributory social insurance systems by providing a guaranteed source of income for people not adequately protected by other forms of social security. In doing so, they expand overall social protection and can be a powerful tool for combating old-age poverty, promoting social inclusion, and mitigating the impacts of labour market inequalities.
While social security institutions worldwide have implemented social pensions, in recent decades they have been particularly prevalent in the Americas. This article highlights recent policy reforms affecting social pensions in Chile, Ecuador, Jamaica and Mexico, and provides an overview of increases to social pensions in the region.
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