The Mainichi (04.06.2019) Japan's public pension system is not enough to sustain people's livelihoods anymore in a rapidly aging society, a government report said Monday.

ituc-csi.org (15.05.2019) The paper reviews several of the measures that States have taken with the intention of improving the sustainability of pension systems and evaluates their effectiveness. The paper highlights that many of the measures taken have had negative distributional impacts and have significantly compromised the primary function of pension systems: to provide a secure replacement income for people in old age and prevent their ability to fall into poverty.

 China.org.cn (23.05.2019) The German Minister of Labor and Social Affairs, Hubertus Heil, presented his reform to supplement the German basic pension on Wednesday. According to the draft law, a pension supplement is planned from 2021 onwards for long-term, low-income earners in Germany and will be financed primarily from tax revenues.

abc.net. (20,05.2019) Australians born after 1946 began to retire in huge numbers in 2011. Demand for the aged pension, aged care and health services have been rising commensurately. The working age population is a net contributor to the federal budget. Older people, on the other hand, are the largest recipients of welfare, aged care and health care services.

 Bloomberg (17.05.2019) Japan’s ballooning debt fueled by social security obligations. Government seeks to persuade more elderly to stay in work

Business Standard News (10.04.2019) Some economists expect the average pension-to-wage ratio to keep deteriorating and worries are growing that Japan's 'pay-as-you-go' pension scheme may be unsustainable

Background The OECD countries have recently promoted policies of deinstitutionalisation and community-based carefor the elderly. These policies respond to common cost pressures associated with population aging, and the challenge ofproviding improved care for the elderly. They aim to substitute less costly services for institutional ones, to improve patientsatisfaction and decrease expenses. However, views concerning their success are mixed.

Between 2000 and 2050, the proportion of the world’s population aged 60 years and older will double, from about 11% to 22%. The absolute number of people 60 years and older is projected to increase from 900 million in 2015 to 1.4 billion by 2030, to 2.1 billion by 2050, and to 3.2 billion in 2100 (1). Between 2025 and 2030, life expectancy in Latin America and the Caribbean (LAC) will increase to a projected 80.7 years for women and 74.9 years for men; in Canada and the United States of America, those numbers are projected to be even higher: 83.3 years for women and 79.3 years for men (2).

CNBC (02.04.2019) Despite the hefty price tag, there’s a piece of good news about retirees’ health-care costs: They aren’t rising as quickly as they were even a few years ago.

Un recul des prestations versées aux retraités menace dès l'année prochaine du fait de la mauvaise santé financière des fonds de pension. Le Premier ministre a convoqué d'urgence les partenaires sociaux pour remettre à plat le système. Les syndicats entendent négocier un abaissement de l'âge de la retraite à 66 ans.