(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.

oecd.org (02.12.2024) The design and governance of asset-backed pensions should be enhanced to foster more inclusive and resilient systems, secure better outcomes for individuals and contribute to sustainable economic growth and innovation, according to new analysis from the OECD. Pension assets in OECD countries grew by 10% in 2023, reaching over USD 56 trillion, more than triple the level seen two decades ago. Total assets hit USD 63 trillion after adding pension reserve funds held by governments.

jdsupra.com (25.11.2024) Pension systems, designed when populations were younger and life expectancy shorter, are now under immense pressure. To mitigate the impact of an ageing population, governments around the world are starting to implement a raft of measures. While there is no one-size-fits-all solution, nations are amending pension laws and updating regulations to adapt to the changing demographics. Let’s delve into the details together to examine how countries are reacting to demographic shifts across countires.

UNECE launched a searchable database on Ageing Policies Database | Browse all policies to search by country, theme, or instrument. This database presents policy measures that countries across Europe, North America, and Central Asia have been developing to improve the lives of older people, harness the opportunities of longevity and address the challenges of population ageing. Policy interventions to meet the needs of older persons and bring societal development into harmony with demographic change span across many policy areas including education, health, labour and social affairs.

reuters (24.09.2024) China's move to raise retirement ages is a starting point to plug gaping pension deficits and bolster a shrinking workforce but more pain lies ahead as the economy slows, making further reforms urgent, say economists and demographers. Aging populations are a global phenomenon, but the issue is particularly stark in China due to the legacy of its one-child-policy, which was in place for three decades and has exacerbated its demographic challenges.

worldbank.org (12.09,2024) Providing care for older parents or parents-in-law significantly reduces the probability of employment and annual earnings, particularly among women and intensive caregivers, which remains the most prevalent form of long-term care (LTC) for older adults. Addressing the growing care needs of older adults requires increasing coordination, integration, and capacity building within the health and long-term care systems. Engaging the private sector can help bridge the gap between supply and demand of LTC.

The Japan Times (05.09.2024) Japanese people are living longer, but with a struggling pension system and the highest inflation in decades, more are delaying retirement until their 70s or later to make ends meet. Japan has some of the longest lifespans in the world, with men living an average of 81 years and women 87 years. This longevity strains the nation’s pension system, making it a case study for other developed countries with similar demographic trends.

lowyinstitute.org (28.09.2024) Economies, cultures and foreign policy objectives are set to evolve with the region’s shifting demographics.

Reuters (20.08.2024) China will beef up its 2.88 trillion yuan ($406 billion) social security fund, making it bigger and stronger to help support its rapidly ageing population as the number of new births and younger workforce to support its seniors shrinks. The National Social Security Fund will "effectively" respond to population ageing and "improve the policy mechanism for the development of the elderly care industry," the fund's party secretary Ding Xuedong said.

Asian Development Bank (02.04.2024) Developing Asia and the Pacific is unprepared to secure the well-being of its rapidly aging population as the growing share of older people in the region face challenges from low pension coverage to health problems, social isolation, and limited access to essential services. While longer lifespans reflect the region’s development success, comprehensive policy reforms are urgently needed to support the welfare of older people, according to Aging Well in Asia: Asian Development Policy Report, released today by the Asian Development Bank (ADB) at its 57th Annu