worldbank.org (24.04.2025) Low- and middle-income countries are aging rapidly but stagnation of growth in participation in pension programs, due to widespread informal employment, presents a major fiscal challenge. Some claim that improving the design of pension program rules can encourage more pension contributions, while others push for universal non-contributory pensions. This paper reviews the recent academic literature on the determinants of active participation in pension systems in high- informality settings.

Euronews (13.02.2025) In many European countries, pension income is significantly lower than pre-retirement earnings from work. This makes it difficult for many older people to maintain their standard of living after retirement. Nearly one in six pensioners are at the risk-of-poverty in the EU, with the rate increasing from 12% in 2013 to 15.5% in 2023. So, how do pensions compare to pre-retirement work income across Europe?

mckinsey.com (15.01.2025) Exploring the implications of a new demographic reality brought on by falling fertility and increasing longevity.

The Korea Times (09.02.2025) The number of national pension subscribers continues to decline due mainly to the low birthrate and aging population, data from the National Pension Service (NPS) showed Sunday, raising concerns over its sustainability. In contrast, the number of recipients is increasing, pushing the current national pension system toward a risk of fund depletion. But discussions on ways to make the pension system more sustainable have been delayed.

In 2022, China’s central government piloted new tax incentives in 36 cities and regions to encourage employees to make voluntary contributions to individual retirement accounts to complement social security pension benefits and help address the challenges of a rapidly aging population. After a successful pilot, the system is now fully implemented nationwide as of December 15, 2024.

Center for Open Science (2025). In 2017, Finland introduced a partial old-age pension scheme, allowing individuals to claim either 25 or 50 percent of their old-age pension after turning 61, irrespective of their employment status. Claiming a partial pension before the statutory retirement age results in a permanent reduction of the full old-age pension.

vrt.be (13.01.2025) Unions are today taking action in defence of pension rights. The five parties negotiating a new federal government want to save cash on pensions. A major reform is inevitable, says formateur Bart De Wever (Flemish nationalist/N-VA). Teachers and NMBS staff fear they will have to work longer ultimately for lower pensions. What are the measures on the table?

thesun.ng (23.12.2024) The National Pension Commission (PenCom) is targeting inclusion of over 20 million contributors in its Micro Pension Scheme as part of its plans to overhaul and expand the commission’s landscape. The commission said the overhauling of the Micro Pension Plan (MPP) was part of a broader strategy to increase financial inclusion and extend pension coverage to more Nigerians, particularly in the informal sector.

theconversation.com (20.12.2024) The state pension age in the UK is currently 66. Yet 9.5% of people aged 66 and older (1.12 million people) were still working, according to the most recent data from the UK’s Annual Population Survey (July 2023 to June 2024). This figure has been rising over the past decade, increasing from 8.70% (880,000 people) in July 2013 to June 2014. We think of retirement as a time to pursue hobbies, relax and enjoy the fruits of our labour. So why then, are so many people still working beyond retirement age, and who are they?

(14.11.2024) Population ageing is exerting unprecedented fiscal pressure on social security systems around the world. In response, many governments are implementing or planning pension reforms, often aimed at encouraging later retirement. Recent years have seen a surge in empirical research on retirement behavior and the impact of pension reforms. This column presents a new eBook that reviews insights from the newest advances in research on retirement policy and provides fresh perspectives on how to (re)think pension reforms.