September 2024
20Sep

Optimising Bangladesh’s Universal Pension Framework: From Lessons to Actions

By Samiha Chowdhury Social protection for the elderly, in the form of the Old-age Allowance (OAA) Programme, has been operational in Bangladesh since 1998, offering monthly financial support to senior citizens from poor and vulnerable households. As of FY24, the programme has approximately 5.8 million elderly people as beneficiaries, each receiving Tk.600 per month distributed on a quarterly basis. Apart from this, retirement benefits for the government employees and their families can also be considered a social protection programme for...

September 20, 2024
Articles, Pension design, , ,
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August 2024
30Aug

Social pensions in the Americas: Recent developments

Ensuring adequate social security coverage for an ageing population is an important priority for governments and the global membership of the International Social Security Association (ISSA). Social pensions, also known as zero pillar or non-contributory pensions, complement contributory social insurance systems by providing a guaranteed source of income for people not adequately protected by other forms of social security. In doing so, they expand overall social protection and can be a powerful tool for combating old-age poverty, promoting social...

August 30, 2024
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July 2024
19Jul

World Social Protection Report 2020-22: Social protection at the crossroads – in pursuit of a better future

By International Labour Organization This ILO flagship report provides a global overview of recent developments in social protection systems, including social protection floors, and covers the impact of the COVID-19 pandemic. Based on new data, it offers a broad range of global, regional and country data on social protection coverage, benefits and public expenditures. Following a life-cycle approach, the report analyses progress with regard to universal social protection coverage, with a particular focus on achieving the globally agreed 2030 Agenda for...

July 19, 2024
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June 2024
05Jun

Low and Middle Income countries need $1.4 trillion annually for universal social protection: ILO

Universal social protection for low- and middle-income countries would require an additional $1.4 trillion per year, according to a working paper by the International Labour Organization (ILO). Among regions, Africa faces the most substantial challenge in achieving universal coverage for social protection. The ILO document provided global, regional and country-level estimates of the financing gap to achieve universal social protection, including universal access to five key social protection guarantees (that is, for children, persons with severe disabilities, mothers of newborns, older...

June 5, 2024
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May 2024
29May

What is the gig economy and how will it be affected by Uber’s announcement?

Uber's announcement of basic employment rights for its drivers comes after a long-running court battle that could force a shake-up in the so-called gig economy. What is the gig economy? The term describes a way of working where work is assigned on a short-term or job-by-job basis via platforms such as Uber, a taxi app, Deliveroo, a takeaway food service, or courier companies such as Hermes or DPD. Other smaller platforms connect people with opportunities from office and administration work to teaching, gardening and...

May 29, 2024
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21May

Are we moving away from paternalism in employee benefits?

Recruitment pressures, shifts in employee expectations and the sheer volume of products available mean benefits strategies are evolving. But, while the old paternalistic approach may be on its way out, employers must still be aware of their responsibilities when providing benefits. Rather than take the one-size-fits-all package, today’s employees want to be able to select benefits that are relevant to them. Carl Chapman, head of marketplace at Ben, says: “Anything other than choice and flexibility is archaic. The workforce is diverse:...

May 21, 2024
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April 2024
26Apr

Social security developments and trends – Europe 2024

By International Social Security Association Europe has historically been home to some of the most advanced social security systems in the world. Many countries in the region provide comprehensive, adequate protection against common life cycle and labour market risks for the vast majority of the population. Widespread protection of individuals over the life course enables social security systems to play a key role in ensuring economic and social stability in the face of large-scale shocks. Despite these broad protections, notable...

April 26, 2024
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26Apr

Another brick on the Wall: On the Effects of Non-Contributory Pensions on Material and Subjective Well Being

By Rosangela Bando, Sebastian Galiani & Paul Gertler Public expenditures on non-contributory pensions are equivalent to at least 1 percent of GDP in several countries in Latin America and is expected to increase. We explore the effect of non-contributory pensions on the well-being of the beneficiary population by studying the Pensiones Alimentarias program established by law in Paraguay, which targets older adults living in poverty. Households with a beneficiary increased their level of consumption by 44 percent. The program improved...

April 26, 2024
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19Apr

The Importance of Reviewing the Pension Scheme in Albania. Benefits and Challenges of Applying for Private Pensions in Albania

By Valbona Cinaj  The pension system faces many problems and challenges. Social security in general is the system of social protection in Albania, as in other countries, is influenced by the country's economic power, labor market developments, demographic situation, employment situation and unemployment, GDP growth, macroeconomic stability, etc. These indicators will serve not only as a starting point for the analysis of the system, achievements, and problems, but also the level of these indicators will serve as a starting point...

April 19, 2024
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March 2024
11Mar

NPC deputy proposes implementing inclusive basic pensions for elderly aged 65 in China

A deputy to the National People's Congress (NPC) Zhou Jinbo proposed the implementation of an inclusive basic pension system in China for those aged 65 and above who are not currently receiving a pension, Chinese media outlet thepaper.cn reported on Monday. Zhou suggested establishing an inclusive basic pension system so that those elderly can receive a regular income to meet their basic living needs, and enjoy a dignified life in their twilight years and enhance their sense of achievement and...

March 11, 2024
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