brookings.edu (03.05.2022) Pension systems around the world faced a “stress test” during the pandemic—what you might call the “pension pandemic paradox.” On the one hand, there was pressure to allow access to pension savings as emergency support during a period of sharp economic downturn. This was understandable, since for many people pension savings are their biggest financial asset. But, in some countries, this turned into unprecedented access beyond immediate emergency needs and put the pension savings system at risk.