By Fajrin Andi Muhamad Pratama Indonesia’s main old-age insurance program, BPJS Ketenagakerjaan, is built almost entirely around formal employment-yet three in five Indonesian workers are informal, and only a small fraction of them are ever enrolled. National statistics capture the size of that gap well; they say almost nothing about what people actually do instead. […]

By Asli Demirgüç-Kunt, Leora F. Klapper & Georgios A. Panos Countries around the world face a retirement crisis brought on by aging populations, declining birthrates, and fiscal shortfalls. As a result, policy makers increasingly seek to understand retirement savings patterns, a crucial component of the safety net for the elderly. Drawing on the 2014 Global […]

By Puren Demirel This study reviews the labor-market effects of policies aimed at regularizing irregular migrants, with particular emphasis on amnesty programs and access to legal employment. Drawing on the existing literature and country experiences, it examines the mechanisms through which regularization may affect migrants, local workers, employers, and the broader economy. The analysis highlights […]

The National Pension Service (NPS), which manages the precious retirement funds of the people, has been engulfed in a fierce controversy over transparency and ethical management standards as it was revealed that it has continuously invested in the initial public offerings (IPOs) of Chinese military and security-linked companies. In a situation where major advanced nations, […]

Standard Life announced Thursday a pension risk transfer partnership backed by investments of up to £2 billion ($2.72 billion) with a consortium led by CVC and Prudential Financial to target large UK pension schemes. The partnership, called Standard Life PRT Solutions, will be funded through capital commitments of up to £2 billion over five years. […]

Scores of retired military personnel on Wednesday protested in Abuja over the alleged non-implementation of consequential adjustments to their pensions following salary increases approved for serving military personnel. The pensioners gathered at an open field in Area 10, Garki, near the Ministry of Defence, carrying placards with various inscriptions urging the Federal Government to implement […]

UK’s largest pension fund wants to understand climate tipping points UK’s Nest, the countries public workplace pension scheme, is seeking proposals to understand how climate tipping points could impact portfolio resilience. Climate scenarios such as those from the Network for Greening the Financial System (NGFS), often do not include tipping points, which are abrupt, often […]