Universal Social Protection

Philippines: Effective Pension Scheme For Phl Senior Citizens Sought

Submitted by pmassetti on

onenews.ph (19.09.2019) “Empowering our elderly through universal social pension will also contribute to the reduction of poverty and inequality, provide transformative support to ordinary families, and further stimulate the economy,” Sen. Risa Hontiveros said.

Regions / Country
philippines, the
Global challenges
Topics
Pensions
Document Type

Objectives and challenges in the implementation of a universal pension system in France

Submitted by pmassetti on

Oecd working paper (2019) The mission of the French High Commission for Pension Reform is to prepare the reform introducing a universal pension points system in France. This paper explains why implementing a universal points system in France would increase transparency, reduce inequality and generate efficiency gains for the whole economy. It documents the experience of OECD countries which have opted for a points or a notional defined contribution (NDC) schemes, and provides a technical framework to compare defined benefit, points and NDC pension systems.

Regions / Country
france
Topics
Pensions
Document Type

India: Nitish’s Universal Pension Scheme: An Act of Political Braggadocio

Submitted by pmassetti on

NewsClick (02.07.2019) The Bihar Government on June 14 launched the Mukhyamantri Vridhajan Pension Yojna (MVPY), an old-age pension scheme that targets people above 60 years of age. The scheme brought under the Direct Benefit Transfer (DBT) programme has two slabs for pension disbursement — Rs. 400 per month for those in the 60 to 79 years age group and Rs 500 per month for the elderly above 80 years. The scheme has been termed ‘universal’ because under this, the pension is no longer limited to the elderly that are identified under the BPL (Below Poverty Line) section.

Regions / Country
india
Global challenges
Topics
Pensions
Document Type

India: Bihar first state to launch universal old-age pension scheme

Submitted by pmassetti on

Times of India (14.06.2019) Bihar on Friday became the first state to launch a universal old-age pension scheme in which each person at the age of 60 years and above, irrespective of their financial, family or caste status, will get a sum of Rs 400 per month directly in his/her bank account.

Regions / Country
india
Global challenges
Topics
Pensions
Document Type