Pensions for Migrants – Leveraging the Renda Success

By Arun Muralidhar, Leandro Sarai & Sid Muralidhar Since migrants typically come from developing countries, with weak currencies, and are considered informal workers in developed countries, with hard(er) currencies, they slip through the economic and social cracks. Even if they earn a reasonable income, they do not have access to the formal financial sector and hence have no retirement security (much like informal workers in developed or developing countries). Brazil’s digitally-enabled, through Tesouro Direto, RendA+ retirement income bond, designed along the...