Financial sustainability for the expansion of non-contributory pension systems and the eradication of old-age poverty
By Alberto Arenas de Mesa, Ernesto Espíndola & Juan Ignacio Vila
Income protection is a substantive factor and a priority of social protection systems in Latin America and the Caribbean, in particular at either end of the life cycle (i.e. childhood and old age). This is due to the greater vulnerability and lower earning capacity of these population segments compared with other age groups, among other factors (Santos Garcia, Farías and Robles, 2023). In these circumstances, pension systems, in particular non-contributory pension systems, have become a crucial public policy tool in the effort to eradicate poverty and extreme poverty in old age and provide economic security.
Source CEPAL
