The Driving Forces behind universal non-contributory old age pensions in developing countries and the role of international actors


Book Description

Seminar paper from the year 2009 in the subject Politics - Miscellaneous, grade: 1, University of Vienna (Politikwissenschaft), course: Ageing and Pension Reform Around the World, language: English, abstract: In the last decade, the discussion about the role of social protection emerged in the context of development cooperation and therefore started to gain importance in many countries in the developing world. Several developing countries in Latin America, Africa and Asia began to implement social protection measures, like for example (conditional) cash transfers to protect the poorest and especially vulnerable groups against shocks and risks in difficult stages of life, like for example childhood, motherhood or old age. In this context, non-contributory old age pensions financed via taxes and provided by the state - especially for those not involved in other state old age insurance schemes - emerged and gained of importance in developing countries in the last few years. Donors and international institutions as well as governments of the respective countries recognized and emphasized on the importance of such schemes and their role in protecting poor old people. This paper deals with the given conditions that enable and the driving forces behind the implementation of universal non-contributory social pension schemes. It wants to explore what the main factors for their implementation in different developing countries were in the last few years. Thereby, the focus of the analysis lies on the international discourse and external forces, which push for the implementation of a specific pension scheme. Evidence was collected from the poorest developing countries with a universal pension scheme where a universal pension scheme was implemented in the last two decades: from Bolivia, Lesotho and Nepal, and partly from other countries where such schemes already exist, namely Namibia, Mauritius, and Botswana.




Old Age Pensions


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Old-age Pensions


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Assessing Chile's Pension System: Challenges and Reform Options


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Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.




The Case for Universal Old Age Pensions


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Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.







Social Security Pensions


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By providing a balanced assessment and factual review of the praticalities and structure behind various pension schemes around the world, this book assists decision-makers in forming effective, viable pension policy.




Social Protection for Older Persons


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The rising number of older persons in Asia has accentuated the importance of strengthening the systems of social protection in the region. This book examines the effectiveness and relevance of noncontributory or social pensions in supporting older persons in Asia. It discusses the political economy and financial sustainability of social pension reform, implications for gender equity and social rights, and design and implementation challenges. Case studies from Bangladesh, Nepal, Thailand, Viet Nam, and South Caucasus and Central Asia provide key lessons for informing development policy and practice in Asia and the Pacific.