Pensions

Publication: Who Participates in Defined Contribution Pension Systems When Informality is High?: Evidence from 20 Years of Administrative Records from the Dominican Republic

Submitted by pmassetti on
worldbank.org (31.07.2025) This note is part of a collaboration between the World Bank’s development research group (DECRG) and development impact group (DIME) and the Dominican Pension Superintendency (SIPEN), the autonomous agency responsible for supervising the private pension system. The main goal of this collaboration is to leverage the rich administrative data managed by SIPEN to provide insight on the performance of the pension system for policymakers and the public and conduct academic research that can guide pension policy in the DR and beyond.
Regions / Country
dominican republic
Topics
Pensions
Document Type

South Korea: New Proposal Seeks to Extend Employer Pension Contributions to Gig Workers

Submitted by pmassetti on
koreabizwire.com (10.07.2025) South Korea is weighing a significant pension reform that could bring platform workers — such as food delivery riders and chauffeur-for-hire drivers — under the same pension contribution scheme as regular employees, with their platforms potentially covering half of their premiums.
Regions / Country
korea, Republic of
Topics
Pensions
Platform workers
Digital plateform workers
Document Type

Jobs in MENA: How transforming pension systems can boost inclusion, equity, and prosperity

Submitted by pmassetti on
worldbank.org (29.05.2025) Pension systems globally have faced challenges in fulfilling their commitment to providing adequate financial security for individuals in their old age. In developing countries, pension coverage is often low, and benefits frequently fall below the poverty line. The design of the pensions systems, among other factors, tend to exacerbate informality, with only a fraction of formal workers receiving pensions. The low coverage and the little redistribution leads low wage workers to end up subsidizing high wage workers.
Regions / Country
arabic countries
Topics
Pensions
Document Type

Au Danemark, l’âge de la retraite passera à 70 ans en 2040

Submitted by pmassetti on
lemonde.fr (22.05.2025) Le Parlement danois a adopté, jeudi, une loi relevant l’âge légal de départ à la retraite, aujourd’hui à 67 ans. Depuis la réforme de 2006, celui-ci est indexé sur l’espérance de vie et révisé tous les cinq ans.
Topics
Pensions
Document Type

Publication: Participation in Pension Programs in Low- and Middle-Income Countries

Submitted by pmassetti on
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.
Topics
Pensions
Document Type

Pensions vs earnings across Europe: The highest and lowest comparisons

Submitted by pmassetti on
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?
Regions / Country
Europe
Topics
Pensions
Document Type

Concerns grow in South Korea over sustainability of national pension amid plunging subscribers in aging society

Submitted by pmassetti on
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.
Regions / Country
korea, Republic of
Global challenges
Topics
Pensions
Document Type