Social Pensions Archives - Pension Policy International

09AprApril 9, 2025

State of Social Protection Report 2025: The 2-Billion-Person Challenge

By The World Bank Today, more people have access to social protection now than at any point in history. Over the last decade, 4.7 billion people across low- and middle-income countries gained access to social protection. However, critical gaps remain. Two billion people in those countries remain uncovered or inadequately covered by social protection. The State of Social Protection Report 2025: The 2-Billion-Person Challenge documents advances and challenges to strengthening social protection and labor systems across low- and middle-income countries and...

April 9, 2025

Books, Books, Reports, System CharacterizationCoverage, Investment, Public Policy, Social Pensions, Social Protection

21MarMarch 21, 2025

The Causal Influence of Pension on the Participation of Older Workers in the Ghanaian Labour Market

By George Domfe, Kwadwo Opoku & Antoinette Tsiboe-Darko Population ageing has stirred up policy discourse on pension coverage in developing economies. While in most of these countries, a smaller proportion of older persons receive pensions in the form of regular payments from the state, a considerable proportion of them engage in active work to maintain their livelihood. These descriptions are typically true of Ghana. However, it remains unclear in the Ghanaian literature whether the absence of a pension is a...

March 21, 2025

Aging, Articles2025, Aging, Ghana, Pension design, Social Pensions

24JanJanuary 24, 2025

Is Care Affordable for Older People?

By Organisation for Economic Co-operation and Development With population ageing, the demand for helping older people with daily activities – so-called long-term care – is set to increase across OECD countries by more than one-third by 2050. Older people with long-term care needs are more likely to be women, 80-years-old and above, live in single households, and have lower incomes than the average. Currently, across OECD countries, publicly funded long-term care systems still leave almost half of older people with...

January 24, 2025

Aging, Books, Books, Reports2024, Adequacy, Aging, Healthcare, Social Pensions

25OctOctober 25, 2024

Pensions in Aging Asia and the Pacific: Policy Insights and Priorities

By Rafal Chomik, Philip O’Keefe & John Piggott Asia and the Pacific has the most diverse regional pension landscape globally. Yet the region’s pension systems are facing common challenges as they attempt to expand coverage, and ensure adequacy and fairness, while maintaining fiscal sustainability. We review the structures and performance of pension systems across Asia and the Pacific. Most remain characterized by low contributory coverage, social pensions with inadequate benefits and often low (or no) coverage, and informal sector schemes...

October 25, 2024

Articles, System Characterization2024, Asia, Income, Social Pensions, Social Protection

11OctOctober 11, 2024

Social pensions in the Americas: Recent developments

By International Social Security Association 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...

October 11, 2024

Books, Books, Reports, System Characterization2023, Latin America, Pension Reform, Social Pensions, Social Protection

17SepSeptember 17, 2024

Vow of austerity sets up showdown over 2025 Argentina budget

President Javier Milei of Argentina presented the 2025 budget to Congress late Sunday, outlining policy priorities that reflected his pledge to kill the country’s chronic fiscal deficit and signalled a new phase of confrontation with lawmakers. In an unprecedented move, Milei personally pitched the budget to Congress instead of his economy minister, lambasting Argentina’s history of macroeconomic mismanagement and promising to veto anything that compromised his idea of tight fiscal policy. The president’s budget proposal followed a week of political clashes...

September 17, 2024

NewsArgentina, Social Pensions

18JunJune 18, 2024

China raises base pensions for retirees by 3%

China's retirees will see a boost in their monthly pensions starting Jan 1, 2024, according to a joint notice from the Ministry of Human Resources and Social Security and the Ministry of Finance. The increase applies to individuals who completed their retirement procedures by the end of 2023 and were previously employed by companies or government bodies. The adjustment represents a roughly 3 percent increase on the average monthly base pension for retirees in 2023. The State Council, China's cabinet, approved...

June 18, 2024

NewsChina, Social Pensions

07FebFebruary 7, 2024

Money and ageing: South African study shows cash grants help people live longer and have better memory function

Nearly half of South Africa’s 60 million people receive social grants, ranging from child support to pensions. The grants are designed to provide financial assistance to people living in poverty. The largest components of the South African social grant system were introduced, or expanded to include the full population, in the 1990s. Since then, the system has evolved into one of the most comprehensive in the global south. In addition to their direct financial benefits, the grants have been found to have a wide range...

February 7, 2024

NewsSocial Pensions, Social Protection, South Africa

15DecDecember 15, 2023

Charting a Course Towards Universal Social Protection: Resilience, Equity, and Opportunity for All

By World Bank Group Charting a Course Towards Universal Social Protection: Resilience, Equity, and Opportunity for All, known as the Social Protection and Jobs Compass updates the World Bank strategy for social protection amid rapid change both within the sector and beyond. The Compass puts at its heart the vision of universal social protection. It recognizes that the progressive realization of universal social protection, which ensures access to social protection for all whenever and however they need it, is critical...

December 15, 2023

Books, Books, Reports, System Sustainability2023, Coverage, Healthcare, Social Pensions, Social Protection

15SepSeptember 15, 2017

Drawing Down Retirement Savings – Do Pensions, Taxes and Government Transfers Matter Much for Optimal Decisions?

By Bonnie-Jeanne MacDonald (Independent), Richard J. Morrison (Independent), Marvin Avery (Human Resources and Skills Development), Lars Osberg (Dalhousie University) This paper examines the importance of pensions (employment and social security), taxes and government transfers for alternative retirement savings drawdown strategies, based on Canadian evidence. Using as examples single elderly Canadians at the 10th, median and 90th percentiles of the income distribution, we use a lifetime utility framework to evaluate an illustrative set of six popular drawdown strategies. Our longitudinal dynamic...

September 15, 2017

Adequacy, Articles, Pension design, Savings, SliderCoverage, Financial Inclusion, Investment, Social Pensions

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