Pensions protected during COVID-19 pandemic but ageing challenges persist, says OECD
The COVID-19 pandemic has taken a heavy toll among elderly people although retirees have seen their pension payments well protected across OECD countries. Future pension entitlements have also been well protected thanks to the exceptional policy response to the crisis, according to a new OECD report. Pensions at a Glance 2021 says however that the long-term financial pressure from ageing persists. Pension finances deteriorated during the pandemic due to lost contributions, and shortfalls have been mainly covered by state budgets....
