Pension Policy International (April 2022) The Japanese government is reportedly discussing plans to expand the coverage of its employee pensions and health insurance programs to all workers in the country. The proposal will be initially handled by a government panel of experts on Japan’s social security system for all generations, The Japan Times reported. In June, Tokyo plans to decide on the direction for the insurance system covering all workers and have it reflected in its honebuto, or basic economic and fiscal policy guidelines.
Extension of coverage
worldbank.org (2022) The Philippines’ experience in implementing the social amelioration program (SAP) in response to the Coronavirus disease 2019 (COVID-19) pandemic highlights the pressing need for financial inclusion, especially among the poor. The absence of a national identification (ID) system and low bank account ownership posed a challenge in the delivery of SAP. The Government of the Philippines (GoP) expedited the development and registration for the national ID system (PhilSys) and used the opportunity to facilitate bank account opening.
etui.org (2022) The spread of Covid-19 and the ensuing adoption of lockdown measures have had severe consequences for European labour markets. All EU governments quickly made unprecedented economic and social support available to tackle the consequences of the pandemic. However, these measures – introduced by EU Member States during the pandemic as regards unemployment benefits, sickness benefits and special leave for parents – have not fundamentally improved formal access to social protection schemes for non-standard workers and the self-employed.
worldbank.org (17.11.2021) The COVID-19 pandemic highlighted the vulnerabilities of the vast and diverse informal economy as well as the lack of social protection schemes to provide timely support, especially to those in urban areas. To protect vulnerable individuals from shocks and build their resilience, governments in Africa need to expand social registries and develop and implement policies to cover the informal economy by innovative social protection programs.
Pension Policy International (28.03.2022) Director-General of Social Security and National Insurance Trust (SSNIT), Dr. John Ofori-Tenkorang, has said it’s outfit is working to expand coverage of the scheme to cover all workers in the informal sector. According to him, SSNIT has introduced an informal sector pension fund to provide social protection to workers in the informal sector to secure their irregular incomes. Director-General of Social Security and National Insurance Trust (SSNIT), Dr.
lse.ac.uk (25.01.2022) The concept of a universal basic income has received increased attention since the start of the Covid-19 pandemic. But what do the public think about the proposal? Drawing on a new study, Leire Rincón illustrates that a key factor affecting support for a universal basic income is the way it is funded, with more people likely to back the policy if it is funded by increasing taxes for those on higher incomes.
afd.fr (january 2022) This paper exposes the measures extended to informal workers during the COVID-19 pandemic. The study analyzes two South-American countries which have a high percentage of informality, Colombia and Brazil. We study the implications of the expansion of the social assistance programs of these two countries, exposing their weakness and strengths to mitigate the pandemic adverse effects.
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.
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.
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.