More than half of older people in Latin America & the Caribbean don’t receive pensions: Report
A new study by two United Nations’ agencies has found that more than half of older persons in Latin America and the Caribbean do not receive a pension from a contributing system.
In the joint publication, released in Santiago, Chile on Wednesday, by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO), the lack of income from a contributory pension system in more than half of all men, and above all in women, aged 60 or over, is the main factor for remaining active in the labor market.
In edition No. 18 of the “Employment Situation in Latin America and the Caribbean (May 2018),” both United Nations organizations stress that, according to their projections, the proportion of people aged 60 or older in the workforce will rise from 7.5 percent to 15 percent between 2015 and 2050.
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