March 2021

Thailand plans new retirement plan to support its aging population

Thailand aims to create a new retirement program to support an aging population that will add about 1 million new retirees annually starting in 2023. Prime Minister Prayuth Chan-Ocha wants to ensure that Thais can receive income upon retirement, government spokeswoman Rachada Dhnadirek said Tuesday, after the cabinet approved in principle a new national retirement plan. The program will be mandatory for all employees who aren't participating in other retirement plans, she said. Read also South African retirement fund guidelines are...

February 2021

Opportunities for extending social security coverage in Jordan

By ILO The report aims to support Jordanian policymakers in the extension of social security to informal workers. It formulates typologies for informal workers outside the social security system, analyses the main constraints to coverage and outlines a range of policy approaches for the extension of coverage. The Jordanian government has been working to expand social security coverage of its workforce. In the context of the National Social Protection Strategy, the Cabinet has committed to developing an action plan to reduce...

Latin America needs a new social contract

In mexico city and Lima covid-19 patients are once again being turned away from hospitals with no beds to spare, while in Manaus, in northern Brazil, a new variant of the virus is killing a hundred people a day. The pandemic’s recession pushed 33m Latin Americans below the $5.50-a-day poverty line last year, according to the World Bank. Governments in the region are struggling to line up vaccines. So it may seem like a strange moment to be talking...

January 2021

Investing in People : Social Protection for Indonesia’s 2045 Vision

By Holmemo, Camilla Acosta, Pablo, George, Tina Palacios, Robert J. Pinxten, Juul Sen, Shonali, Tiwari, Sailesh The Government of Indonesia's Vision for 2045 sets an ambitious path that will require significant investments in human capital and social protection Indonesia continues to set ambitious goals for its growth and development. The Government of Indonesia's (GoI) vision for 2045—when the country celebrates 100 years of independence—is to achieve high income status and reduce poverty to nearly zero. In addition to sustained...

A game changer for social protection? Six reflections on COVID-19 and the future of cash transfers

By The World Bank There is little doubt that the magnitude of the social protection response to COVID-19 is of historical proportions. According to our research on measures taken by 215 countries and territories, at least $800 billion have been invested in social protection in the past nine months, a level 22% higher than during the great recession of 2008–09. This amounts to more than 1,400 social protection measures, of which about one-third took the form of cash transfers reaching over 1.1...

Malaysia. Better social protection needed for delivery riders, gig workers, says MP

Those in the informal sector, particularly delivery riders, need better social protection as they are among the hardest hit by the Covid-19 pandemic. DAP’s Charles Santiago laments the plight of these frontliners whom he says have yet to be given the required support from the government. “Food delivery services gained prominence during the Covid-19 crisis. Young men and women on motorcycles deliver food and other household products to the doorsteps of our homes. They are frontliners of sorts. “They work under vulnerable...

Bulgaria. State Will Further Support Pensioners and Families with Children

In April, Bulgarian retirees with a pension ranging from BGN 300.01 up to BGN 369, which is392 000 people, will receive additional BGN 120 for food. That would cost the state budget about BGN 47 million. With this BGN 120 they will have the opportunity to buy whatever they need, the money is targeted specifically for food products. This is what Minister of Labor and Social Policy Denitsa Sacheva told The Monitor daily. "We chose this group of people because they...

December 2020

Perspectives and Theories of Social Innovation for Ageing Population

By Andrzej Klimczuk, Łukasz Tomczyk In recent years we may observe increasing interest in the development of social innovation both regarding theory as well as the practice of responding to social problems and challenges. One of the crucial challenges at the beginning of the 21st century is population ageing. Various new and innovative initiatives, programs, schemes, and projects to respond to negative consequences of this demographic process are emerging around the world. However, social theories related to ageing are...

COVID-19 crisis, a wake-up call on social protection for workers

The need for universal social protection in the wake of the COVID-19 pandemic has been underlined at a virtual conference of trade union leaders from national trade union confederations across continents. Workers’ representatives at the Fourth meeting of the “Social Protection, Freedom and Justice for Workers Network” on 9 December, explained how their organizations’ have contributed to the formulation of national social protection responses to the COVID-19 crisis. They discussed trade union advocacy strategies for social protection at the...

Good Economics for Hard Times

By Abhijit V Banerjee, Esther Duflo The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known...