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Sustainable finance policy a ‘blind spot’ for European pension funds pmassetti

Pension Policy International (30.09.2022) Some of Europe’s biggest pension funds are not actively engaged in emerging EU-level sustainable finance policy, according to climate think tank InfluenceMap. As reported by European Pensions, the research, which covered 25 of Europe’s largest pension funds and 10 national pension fund associations, found that only four of the 25 funds and five of the 10 associations showed ‘meaningful engagement’ with sustainable finance policy.

Pensions european union
Income Support for Non-covered Workers during COVID-19: A Review of Policy Responses pmassetti

iza.org (Sept 2022) This paper provides an overview on the income support measures for non-covered workers implemented in response to the COVID-19 crisis, describing the collection of measures and policies in place in each selected country. This document provides a comparative overview of the different measures implemented in the context of the crisis, considering their design and evolution across the course of the crisis. In sum, there has been a worldwide wave of income transfers to support those hit hard by the pandemic.

covid19
Ireland to increase state pension for those who work beyond 66 pmassetti

SaltWire (20.09.2022) Ireland will offer anyone over 66 a higher state pension the longer they stay in work, sidestepping a recommendation by a government-appointed commission to gradually increase the retirement age to 68 to help fund the ageing population. Under the proposed flexible model agreed by ministers on Tuesday, people will have the option from 2024 to continue working up until the age of 70 in return for a higher pension for each additional year they work.

Old-age pensions ireland
Over 75s make up over 15% of Japan's population for first time pmassetti

pensionpolicyinternational.com (19.09.2022) The share of Japan’s older adult population, those over age 65, has been increasing every year since 1950 and is expected to reach 35.3% of the total population in 2040. For the first time, Japan’s over 75s account for over 15% of the population, after their cohort rose by 720,000 to 19.37 million people, government data released Sunday showed, in further evidence of the country’s rapidly graying society. Also hitting a record high this year was the number of those over 65 — 36.27 million people, accounting for 29.1% of the population, according to the Ministry of Internal Affairs and Communications data, which was released ahead of Monday’s Respect for the Aged Day holiday. Japan tops the world rankings for the oldest society by proportion of over 65s, well above Italy in second place at 24.1% and third place Finland with 23.3%.

japan
Transparency, exclusion and mediation: how digital and biometric technologies are transforming social protection in Tamil Nadu, India pmassetti

tandfonline.com (31.03.2021) What are the effects of biometric and digital technologies on social protection for the poor in India? Drawing on ethnographic research from rural Tamil Nadu, this paper presents evidence of how new technologies are experienced by beneficiaries of the Public Distribution System (PDS), and analyses the impacts of technology innovations on transparency, exclusion and mediation. The authors focus on the implementation of ‘smartcards,’ new digitised and Aadhaar-enabled ration cards, introduced in ration shops across Tamil Nadu in 2017. They first document how digitised smartcards and mobile text messages transform transparency for beneficiaries by introducing new opacities and information gaps. They then demonstrate how a lack of transparency (re)produces forms of exclusion that remain a challenge under the automated PDS. Finally, the paper highlights how novel forms of kin and non-kin mediation play a mitigating role in accessing PDS, and constitute a vital part of the infrastructure underpinning social welfare delivery.

biometric Information and communication technology india
Skills and employment: Big data offers new way to monitor changes in the demand and supply for skills pmassetti

ilo.org (32.08.2022) A new study by the International Labour Organization finds that, with the right tools, data from online jobs platforms can provide important information about current and future demand and supply of skills in the labour market

big data Employment
Poor families first: Challenges of the ‘stimulus checks’ in the United States’ pmassetti

ipcig.org (01.09.2022) Economic Impact Payments (EIPs)—commonly referred to as ‘stimulus checks’—were one of the key measures adopted by the US government to ease the crisis resulting from the COVID-19 pandemic. By May 2022, USD817 billion had been distributed to about 85 per cent of US households. However, those most in need faced many obstacles to receive the benefits, or never even received them. This Policy Research Brief examines some aspects of the operationalisation of this initiative and provides suggestions for future improvement.

Cash transfers United States
Spain gives labor benefits to domestic cleaners, carers pmassetti

AP News (06.09.2022) The Spanish government on Tuesday passed a law giving hundreds of thousands of domestic cleaners and carers the right to unemployment benefits and other job protection measures for the first time. Labor Minister Yolanda Díaz said the law would benefit more than 370,000 people, 95% of whom are women. She said the bill was intended to end discrimination against workers whose jobs have been undervalued for too long.

spain
Long-term care social protection models in the EU pmassetti

europa.eu (05.09.2022) The report examines long-term care systems for people aged 65 or above in the 27 EU Member States. It reveals that long-term care challenges have become increasingly salient in recent decades in EU Member States’ policy and political agendas. At the same time, in many countries long-term care policies and systems are still less developed than other social protection branches. Furthermore, the expansion of long-term care policies has to face a trilemma: ensuring an adequate coverage of needs with affordable high-quality formal services; determining the extent to which meeting long-term care needs depends on informal carers, while ensuring informal care remains a choice not a necessity and informal carers are adequately supported; and seeking to step up investments and reforms at a time when public budgets are under pressure and cannot easily be expanded. The report shows that EU Member States respond differently to this LTC trilemma and identifies six social protection models for long-term care that emerge from the analysis.

european union
Europe: National monitoring frameworks for public social spending - An analysis of policies in 35 countries pmassetti

europa.eu The report explores how 35 European countries monitor social spending through dedicated national frameworks, and investigates the processes assessing the outcomes and effectiveness of public social spending. While these are fairly diverse, the report identifies two broad categories of monitoring practices: within and separately from the overall public spending monitoring framework. The strengths of these frameworks include reliable, timely and precise indicators, mostly on levels of public social spending, as well as comprehensive centralised information systems. Social spending review processes may be recurrent, but are in most cases conducted on an ad hoc basis to respond to specific institutional needs or political circumstances. Supreme Audit Institutions often play a key role in social spending reviews. Monitoring of social outcomes of public spending, such as poverty, inequality reduction or income redistribution, appears to be quite uncommon, and reviews of its effectiveness (i.e. linking social spending to social outcomes) are even rarer.

Social policies & programmes european union
France: Versement automatique des prestations sociales : des expérimentations prévues début 2023 pmassetti

rtl.fr (02.09.2022) Le ministre des Solidarités, Jean-Christophe Combe, veut revoir le mode de versement de certaines prestations sociales car il trouve "anomal que 30% des personnes qui ont droit à des aides ne les réclament pas".

Cash transfers france
The expanding need for social protection in Jordan pmassetti

ammannet.net (05/09/2022) Over the past years Jordan has been facing many challenges including a substantial population increase that includes many refugees; lower rates of economic growth; rising public debt, unemployment and poverty; the COVID-19 pandemic; and challenging geopolitical regional events.  Expectedly social protection has moved into the centre of the policy agenda.   This Policy Brief discusses Jordan’s expanding needs for social protection as well as the need for structural reforms.

jordan
Social assistance spending in Africa before, during and post COVID-19 pmassetti

saspen.org (2022)  This Brief examines social assistance spending in Africa before, during and post-COVID-19 and uses the same to demonstrate how social protection experts in Africa can build on this spending momentum to improve the adequacy and reach of social assistance.

Cash transfers Africa
Nigeria: PenCom to provide health insurance for micro pension contributors pmassetti

thecable.ng (29.08.2022) The National Pension Commission (PenCom) says it is planning to provide incentives to contributors under the micro pension plan (MPP). The commission said incentives such as health insurance would increase participation in the scheme. Dahir-Umar said the MPP was implemented to curb old-age poverty by assisting informal sector workers, including small-scale businesses, entertainers, professionals, petty traders, and others.

nigeria
Germany debates raising retirement age to 70 pmassetti

dw.com (August 2022) An aging population, a dramatic labor shortage and a pension pot shortfall are an explosive mix for German economy and society. Would raising the age of retirement to 70 kill all those birds with one stone?

Pensions germany
India: e-shram: Labour ministry forms committee on sharing of data of unorganised workers pmassetti

The Economic Times (26.08.2022) The government plans to integrate e-Shram portal with state portal for onboarding social security schemes run by the central government and the state governments to universalize social protection to workers and to improve employment opportunities for them.

Information and communication technology india
Are Asia’s social protection systems ready for the shock of climate change? | The Daily Star pmassetti

Asia and the Pacific is the most disaster-prone region in the world. It also happens to be the most populous, leaving it disproportionately vulnerable to the impacts of climate change. In fact, of the 10 countries most affected by climate change in the last 20 years, six are in Asia.

Budgets for climate, sustainability and social inclusion pmassetti

UNICEF /UNDP (2022) Responding to climate change, reducing poverty, and supporting social inclusion must be addressed together to build resilient economies and societies. As the recovery from COVID-19 continues, governments need to invest in addressing social and economic inequalities while actively promoting new, sustainable, and climate-friendly livelihoods and income-generating opportunities for all. 

Addressing the related challenges posed by climate change and inequalities are essential elements to accelerating progress towards the Sustainable Development Goals (SDGs). Government budgets are the most significant instruments to do so, including aligning policies and incentives and ensuring sufficient financing for just transitions. 

Egypt: New social protection package to enter into effect in September pmassetti

Ahram OnlinePrime (26.08.2022) Minister Mostafa Madbouly has announced that the country's newly introduced social protection package to help Egyptians cope with the global repercussions of Russian-Ukraine war will go into effect in September.

Cash transfers egypt
New rights to improve work-life balance in the EU enter into application pmassetti

European Commission (02/08/2022)  These new rules  set out minimum standards for paternity, parental and carers' leave and establish additional rights, such as the right to request flexible working arrangements, which will help people develop their careers and family life without having to sacrifice either. These rights, which come in addition to existing maternity leave rights, were achieved under the European Pillar of Social Rights and is a key milestone towards building a Union of Equality.

family Family benefits european union
Nigeria: Why we introduced digitalized cash transfer payments - FG pmassetti

Daily Post Nigeria (12.08.2022)  The Federal Government said the introduction of digitalized cash transfer payment will help in addressing some lapses while operating the analog payment system. Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar Farouq, disclosed this at the official flag-off of the grant for vulnerable groups as well as the digitized payment for conditional cash transfer held in Dutse, Jigawa State.

E-services, Cash transfers nigeria
PopCom: Philippines has little time to address aging population | Inquirer News pmassetti

The government should start investing on long-term programs to manage the increasing number of senior citizens in the country, particularly on health-care and employment opportunities, the Commission on Population and Development (Popcom) executive director said

Social protection and response to COVID-19 in Latin America and the Caribbean: Innovations in registration and payment systems pmassetti

International Policy Centre for Inclusive Growth (IPC-IG) (01.08.2022) The outbreak of the COVID-19 pandemic has hit the foundations of the economy and provoked devastating social effects in all the countries in the world, being Latin America and the Caribbean (LAC) one of the most affected regions. This report updates the regional overview of the response measures to the pandemic, details cash transfer programmes and analyses their coverage and discusses the challenges in adopting these innovations during the response to the first outbreak of the virus in Latin America and the Caribbean.

epayment E-services latin america
G2P digital payments and financial inclusion for social resilience pmassetti

International Policy Centre for Inclusive Growth (IPC-IG) (01.08.2022) There is a global trend to automate and digitalise the cash payments of social protection programmes, and there has been a shift towards diversifying payment means in some African countries such as Zambia, Namibia, Togo, Tanzania, Malawi, Comoros and Mozambique. In Mozambique, the COVID-19 pandemic response has tripled the social protection system’s coverage, from 520,000 to approximately 1.6 million households. In the past few years, the country’s emergency response has driven improvements in digital payments.

epayment Information and communication technology Africa
Ghana: SSNIT to embark on mass registration exercise pmassetti

modernghana.com (14.08.2022) The Social Security and National Insurance Trust (SSNIT) says it will soon embark on a mass registration exercise, especially among those in the informal sector to shore up its membership. The prime objective is to ensure many Ghanaian workers are enrolled onto the scheme as against the current situation where only 1.7 million out of the remaining millions of the workers are active members of SSNIT.

Pensions ghana