Old age and survivors’ pensions and related benefits
It is essential that persons are provided with reliable sources of income security throughout their old age. As people grow older, they can rely less and less on income from employment for a number of reasons: while highly educated professionals may often continue well-remunerated occupations until late in their life, the majority of the population is usually excluded from access to well-paid jobs at older ages. Private savings and assets (including housing ownership) make a difference, but for most people are usually not sufficient to guarantee an adequate level of income security until the end of their lives. Private, intra-family transfers may be important as an additional source of income security but are very often far from sufficient and not always reliable, in particular for families already struggling to live on a low income.
For all these reasons, in many countries public pension systems became a foundation on which at least basic income security has been built. While in most countries contributory pension schemes exist that protect those who have had the possibility of contributing, non-contributory pensions play a greater role in ensuring at least a basic level of protection for all (in the case of universal pensions) or for those who do not have a sufficient level of pensions from other sources (in the case of means-tested pensions).
Income security in old age depends also on the availability of and access to publicly provided social services – provided free or at low charge – including health care and long-term care. If secure and affordable access to such services is not provided, older persons and their families are pushed into extreme poverty.
Photo credit: “old lady bw” by Koes (CCBY 2.0 via Flickr).
Crea un sistema de jubilación anticipada. El monto del haber que percibirán los beneficiarios de la Jubilación Anticipada es el equivalente al cincuenta por ciento (50%) del correspondiente al beneficio de jubilación al que tendrá derecho al cumplir la edad requerida de acuerdo a la ley 24.241, no pudiendo en ningún caso resultar inferior al […]
Invalidity, Old-Age and Survivors’ Benefits Convention, 1967 (No. 128)
Reflecting the trend to find all three long-term benefits (i.e. invalidity, old-age and survivors’ benefits) in a single national pension system, Convention No. 128 regroups these three branches into one instrument and extends coverage to all employees, including apprentices, or not less than 75 per cent of the whole economically active population, or all residents […]
Social Security (Minimum Standards) Convention, 1952 (No. 102)
A reference for the development of social security systems, Convention No. 102 is the flagship of the up-to-date social security Conventions since it is deemed to embody the internationally accepted definition of the very principle of social security. Convention No. 102 is unique for both its conceptual formulation of social security, and the guidance it provides for […]
Social Protection Floors Recommendation, 2012 (No. 202)
Recommendation No. 202 is the first international instrument to offer guidance to countries to close social security gaps and progressively achieve universal protection through the establishment and maintenance of comprehensive social security systems. To this aim, the Recommendation calls for (1) the implementation, as a priority, of social protection floors (SPF) as a fundamental element […]
Survivors Benefits for Unmarried Couples and their Children in the UK
The Laws Regional standards: Article 14 of the European Convention on Human Rights (ECHR) which secures the rights and freedoms of the ECHR without discrimination, read with the right to respect for family life under Article 8 and the protection of property rights in Article 1 of the First Protocol (A1P1). National legislation: Section […]
The privatization of the pension system in Chile
In 1980 Chile reformed its pension system leading to the privatization of the pensions. This reform gave rise to several representation procedures before the Governing Body under article 24 of the ILO Constitution between 1986 and 2001. The Governing Body concluded that Chile’s pension reform did not comply with its obligations under the Old-Age Insurance […]
Reduction of pensions for condemned prisoners in Azerbaijan
The Court was requested to examine whether Article 109 para. 1 of the Law of Azerbaijan Republic On Pension Maintenance of Citizens, allowing an 80 per cent reduction of pensions for entitled persons who are incarcerated, was inconsistent with the right to social protection, contained in Article 38 of the Constitution of Azerbaijan. According to […]
Coherent Constitutions and the Right to Social Protection for Adopted Children in Taiwan
The Judicial Yuan, a body responsible for interpreting the Constitution, examined the constitutionality of provisions in the Statute for Labor Insurance preventing children adopted within less than six months of the death of their adoptive parents from collecting social insurance benefits as survivors. The Court held that despite the intentions of the provision to prevent […]
How Secure Is Employment at Older Ages?
Tracking older adults in the Health and Retirement Study from 1992 to 2016, we find that about one-half of full-time, full-year workers ages 51 to 54 experience an employer-related involuntary job separation after age 50 that substantially reduces earnings for years or leads to long-term unemployment. The steady earnings that many people count on in […]
Income Security for Older Persons in the Republic of Korea
This project working paper discusses the prevailing system of income security for older persons in the Republic of Korea with regards to coverage, beneficiaries, and sustainability. It also discusses recently undertaken reforms of the income security system with regards to their budgetary implications. After the introduction of a mandatory pension scheme, coverage of pensions increased […]
Establishing Comprehensive National Old Age Pension Systems
This paper discusses the policy options available to developing countries committed to offering universal pension coverage and maximising the incomes of older people. It presents a basic model of a pension system comprising up to three tiers that can be adapted to the circumstances of all countries. The model is based on evidence from both […]
Ageing in the Twenty-First Century: A Celebration and A Challenge
Population ageing is one of the most significant trends of the 21st century. It has important and far-reaching implications for all aspects of society. Around the world, two persons celebrate their sixtieth birthday every second – an annual total of almost 58 million sixtieth birthdays. With one in nine persons in the world aged 60 […]
Optimal financing and self-adjusting mechanisms for sustainable retirement systems
This brief paper first recapitulates the main pension financing options and reviews the theoretical pros and cons of pension funding seeking for a logical synthesis. In the second part of the paper, a broad review of the historical experience of pension reforms since the 1980’s is presented as well as in the context of the […]
Shaping the Future of Social Protection: Access, Financing and Solidarity
The proposals set forth in this document rest on the premise that public policy should be guided by the ownership of rights. These recommendations are therefore designed to build bridges between social rights and the policy guidelines needed to make them more enforceable through improved access, better financing and greater solidarity. To that end, an […]
Reversing pension privatization. The experience of Argentina, Bolivia, Chile and Hungary
This paper systematically compares and evaluates the reforms of private pensions systems in Argentina, Chile, Bolivia, and Hungary due to initial failures in design and performance after its implementation. The document presents advantages and flaws of the structural reforms and private pension systems before the re-reform and analyses legal features and socio-economic effects of the […]
Social protection for older persons: Key policy trends and statistics
This policy paper: (i) provides a global overview of the organization of pension systems, their coverage and benefits, as well as public expenditures on social security, in 178 countries; (ii) analyses trends and recent policies, e.g. extension of coverage in a large number of low- and middle-income countries; (iii) presents the negative impacts of fiscal […]