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Understanding the Emerging Micropensions Market in India

Submitted by pmassetti on Thu, 01/13/2022 - 10:39

Innovations for Poverty Action (2022) Millions of informal sector workers in low- and middle-income countries are excluded from formal pension and social security systems, posing potential economic challenges for old age populations. Micropensions may help to address these challenges—but more information is needed about the demand for these products. In India, researchers conducted a survey examining the emerging micropensions market to better understand the behavioral, economic, and institutional factors that influence participation.

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india
Global challenges
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Pensions
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India: e-Shram registration is a stepping stone towards protection of informal workers

Submitted by pmassetti on Mon, 01/10/2022 - 16:13

indianexpress.com (23.12.2021) The emergency requirements dictated by the pandemic led the Supreme Court, in May 2021, to order a time-bound inclusive and universal registration system for informal workers and circular migrants. The e-Shram portal which has come into existence now is meant to fulfil this mandatory requirement.

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india
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ICT
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Moroccan government plans to expand its social protection programme

Submitted by pmassetti on Fri, 01/07/2022 - 16:29

atalayar.com (03.01.2022) This new plan will strengthen and develop several programmes in the areas of social assistance, improving governance, as well as launching new carve-outs that signify a reform of the targeting system. Also, this project aims to diversify and expand the support mechanisms for the most vulnerable groups of society, which in the case of retirees for example, will extend their health and retirement coverage. The government also plans to develop a system of compensation for those who have lost their jobs.  

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morocco
Topics
Health
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Expanding Social Protection to Informal Women Workers for Better COVID-19 Recovery in Uganda

Submitted by pmassetti on Tue, 01/04/2022 - 16:39

icrw.org (2021) Uganda has a female labor force participation of 67 percent. While some efforts to advance social protection are being made, Uganda currently spends only about 3.5 percent of its gross domestic product (GDP) towards that end. Meanwhile, the National Employment Policy (2010) covers social security only for workers in the formal sector, leaving informal workers unsupported.

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uganda
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Jamaica: Informal Sector Workers to Get NIS Benefits

Submitted by pmassetti on Tue, 12/07/2021 - 17:38

Jamaica Information Service (06.12.2021) For the first time, Jamaica’s household helpers and fisherfolk will be able to secure pension benefits under the National Insurance Scheme (NIS) as the Government moves to formalise these sectors. This will be facilitated under the Transition to Formality Action Plan, which will see this segment of workers being able to access health and life insurance, pension and other facilities to provide them with security and protection in their work environment. The Action Plan, which was officially launched by Minister of Labour and Social Security, Hon.

Regions / Country
jamaica
Topics
Pensions
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The COVID-19 crisis in Nigeria: What’s happening to welfare? New data call for expanded social protection in Africa’s most populous country

Submitted by pmassetti on Tue, 11/30/2021 - 16:48

worldbank.org (16.11.2021) While health indicators and macroeconomic data are essential for addressing the fundamentals of the COVID-19 crisis, countervailing policies need detailed information on the mechanisms through which the pandemic affects human capital, livelihoods, and welfare. This is especially important in Nigeria because the pandemic threatens to compound the country’s high levels of poverty: even before COVID-19, around 4 in 10 Nigerians lived below the national poverty line, and multidimensional poverty was even more widespread.

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nigeria
Global challenges
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Social protection and informality in Latin America during the COVID-19 pandemic

Submitted by pmassetti on Fri, 11/12/2021 - 16:30

plos.org (04.11.2021) Latin American governments swiftly implemented income assistance programs to sustain families’ livelihoods during COVID-19 stay-at-home orders. This paper analyzes the potential coverage and generosity of these measures and assesses the suitability of current safety nets to deal with unexpected negative income shocks in 10 Latin American countries.

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latin america
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How Can Basic Income and Health Care Prevent the Next Crisis?

Submitted by pmassetti on Tue, 09/14/2021 - 16:28

globalcitizen.org (10.09.2021) As countries seek to contain COVID-19, a return to the way things were is not an option, according to Olivier De Schutter, the UN Special Rapporteur on Extreme Poverty and Human Rights. Instead, countries must guarantee basic living conditions. “We see that when social protection remains weak, the poorest pay the price,” De Schutter said. “Due to the COVID-19 pandemic and economic slowdown, an estimated 115 million additional people may have fallen into extreme poverty in 2020, and 35 million more may follow this year.

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COVID-19's four lessons for improving Africa's social protection systems

Submitted by pmassetti on Tue, 09/07/2021 - 17:14

Africa at LSE (01.09.2021) Across Africa, states have adapted or expanded social protection measures in response to the COVID-19 pandemic. These interventions provide valuable policy lessons and political opportunities to reimagine the social contract on the continent.

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Africa
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