Pension Reform in Lebanon: Good Intentions, Uncertain Outcomes
By Haneen Sayed, David Robalino, Ibrahim Muhanna The passing of Pension Law 319 by Lebanon’s Parliament in December 2023 was a milestone. For decades, the vast majority of the Lebanese people have lived with little or no income security in their old age, a situation that has worsened since the economic-financial crisis that began in 2019. Approximately 80 percent of the Lebanese population has no formal pension coverage, which forces elderly people to rely on family or other types of informal support. Rapid...
