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The risk of poverty among older people varies widely across countries and between men and women. This is usually explained by reference to institutional differences in pension systems or differences in employment histories. However, many other factors also come into play. In this paper we argue that, to avoid biased conclusions, it is necessary to take into account the role of household structure. This study of 14 European Union (EU) countries investigates the impact of household structure on gender differences in old-age poverty risk. The empirical examination is based on European Union Statistics on Income and Living Conditions (EU-SILC). The findings show that older women's high poverty risk is strongly related to the financial vulnerability of single-person households and the higher prevalence of female than male single-person households. In addition, gender differences in poverty risk can be attributed to gender differences in household structure. It matters whether the older person lives with another older person or an employed/unemployed person and whether there are minor children in the household. Country differences in the gender poverty gap are linked to country differences in the household age structure and the poverty risks of different types of households. [ABSTRACT FROM AUTHOR]

Introduction: : Geriatric population are most vulnerable population, they suffer from various physical illness, mental issues, inancial crisis etc. WHO report showed that the world's population of people aged 60 years and older will be doubled by 2050 (2.1 billion). According to census 2011report, India has 10.1% elderly population and West Bengal has 11.3%. The purpose of the study is to assess the level of awareness on social security& other government schemes, its utilization and to explore the barrier of utilization. Method: An explanatory sequential mixed methods observational study, cross-sectional in design was conductedin Budge-Budge II block of West Bengal among 150elderly population (≥ 60 years) selected by 30 cluster random sampling from March-May 2023 using a pre-designed, pre-tested, structured schedule by face-toface interview. Quantitative data was analysed by SPSS v25.0, and binary logistic regression was performed. Qualitative data was analyzed thematically with IDI guide. Results: Out of 150 elderly, mean age group of the study population was 67.5±4.24 years, 53% were male, and 87% of the study population had awareness on old age pension scheme. However, 83% showed bad utilization. Socioeconomic status [AOR 5.27 (1.98- 13.97)],current employment status [AOR 6.48 (1.12-37.30)] economic dependency [AOR 7.59 (1.71-33.79)] had statistically signiicant higher odds of adequate awareness in the multivariable model. Current employment status, economic dependency showed signiicant association with good utilization and socio demographic characteristics. Conclusion: Majority of the study population were between 65 to 70 years and were aware of old age pension scheme. Old age pension scheme was maximally utilized schemes.

The article studies the subject of improving the non-state pension provision mechanism considering the fintech application implementation into the system. The purpose of the study is to develop an application conceptual model in the framework of pension planning and individual pension strategies formation considering constant monitoring of changes in the legislative, economic, and other spheres to ­create an additional way for citizens to independently form long-term savings for developing the third level of the pension system. Information synthesis and analysis, available literature review, comparison, the results obtained formalization and specification have been carried out. The paper presents problems and analysis of existing programs to motivate long-term savings and proposals in the field of pension savings formation for developing the third level of pension provision. AKPIN fintech-application will allow to develop individual strategies for pension savings formation and will be aimed at a long-term strategy implementation for developing the accumulative component of the pension system in Russia. The proposed application has the ability to analyze the user’s data and, based on it, offer recommendations to increase their savings. If the user decides to spend funds, it can also issue recommendations on request. Due to continuous monitoring of the news background, financial regulators’ actions, financial indicators and changes in legislation, the application can offer up-to-date recommendations and assist users in making effective individual decisions in the area of pension savings management for citizens of the Russian Federation.

This article examines the current women’s retirement age reform in Israel that raised their retirement age from 62 to 65, suggesting that high-income salaried women are more likely to benefit from the reform. It found that raising women’s Retirement Age (RA) alone does not improve their Replacement Rate (REP) and recommends implementing a two-stage policy reform. In the first stage, gender wage gaps should be mitigated during working-time period; in the second stage, women’s RA should be raised to the average of 63.81 years of the OECD countries. These suggestions should be adopted by policymakers in countries with low REP, such as Britain and Japan, accompanied by ensuring equal employment opportunities for relatively older women approaching RA. [ABSTRACT FROM AUTHOR]

The Old Age Security (OAS) program entitles Canadian seniors to an income consisting of two benefits: the universal OAS pension and its low-income complement, the Guaranteed Income Supplement (GIS) pension. After introducing the development and eligibility requirements of the OAS program, we empirically assess two equity challenges of the OAS pension: first, the OAS pension, which determines eligibility on the basis of individual income thresholds, overlooks total household income, and second, the federally administered pension disregards the regionally divergent costs of living. To address the first equity concern, we point out that households receive different treatment based on the income distribution between partners. Additionally, we emphasize the allocation of OAS pension amounts in the top deciles of equivalized household income. For the second equity concern, we compare the OAS pension amount with the provincial levels of essential household spending and gross domestic product per capita. [ABSTRACT FROM AUTHOR]

Background and Objectives Hypertension is a major modifiable contributor to disease burden in sub-Saharan Africa. We exploited an expansion to age eligibility for men in South Africa's noncontributory public pension to assess the impact of pension eligibility on hypertension in a rural, low-income South African setting. Research Design and Methods Data were from 1 247 men aged ≥60 in the population-representative Health and Aging in Africa: A Longitudinal Study of an INDEPTH Community in South Africa in 2014/2015. We identified cohorts of men from 0 (controls, aged ≥65 at pension expansion) through 5 years of additional pension eligibility based on their birth year. Using the modified Framingham Heart Study hypertension risk prediction model, and the Wand et al. model modified for the South African population, we estimated the difference in the probabilities of hypertension for men who benefitted from the pension expansion relative to the control. We conducted a negative control analysis among older women, who were not eligible for pension expansion, to assess the robustness of our findings. Results Older men with 5 additional years of pension eligibility had a 6.9–8.1 percentage point greater probability of hypertension than expected without the pension expansion eligibility. After accounting for birth cohort effects through a negative control analysis involving older women reduced estimates to a 3.0–5.2 percentage point greater probability of hypertension than expected. We observed a mean 0.2 percentage point increase in the probability of hypertension per additional year of pension eligibility, but this trend was not statistically significant. Discussion and Implications Although the Older Person's Grant is important for improving the financial circumstances of older adults and their families in South Africa, expanded pension eligibility may have a small, negative short-term effect on hypertension among older men in this rural, South African setting. [ABSTRACT FROM AUTHOR]

Background and Objectives Alcohol causes more than 3 million deaths a year globally and contributes to over 5% of global disease and injury. Heavy drinking and alcohol use disorders among older adults have increased in the last 10–15 years. For individuals living in low-income countries, where wages are low and unemployment is high, old age pensions may provide a significant increase in household income. In turn, the receipt of supplementary income may increase spending on alcohol. Earlier life factors and socioeconomic status may affect alcohol consumption, making it difficult to directly assess the impact of income on alcohol consumption. This study reduces the potential for endogeneity with other life factors by exploiting an exogenous increase in income from old age pensions to isolate the impact of extra income on alcohol consumption for older adults. Research Design and Methods We used a regression discontinuity design to assess changes in drinking patterns among rural, low-income adults who were 3 years below and 3 years above South Africa's Old Age Pension Grant eligibility threshold (age 60). We assessed this relationship separately by gender and for employed and unemployed individuals. Results We observed a significantly increased alcohol use associated with the Old Age Pension Grant eligibility for employed men (β = 4.57, 95% confidence interval: 1.72–12.14). We did not observe this same trend for unemployed men or for women. Discussion and Implications The analysis in this study indicates that increased income from reaching the pension eligibility age may contribute to an increase in alcohol consumption for employed men. Interventions, such as informational campaigns on the risks of alcohol consumption for older adults or age-appropriate health interventions to help individuals reduce alcohol consumption, targeted around the time of pension eligibility age for employed men may help to reduce alcohol-related harms in low-income, rural sub-Saharan African settings. [ABSTRACT FROM AUTHOR]

AbstractThis paper constructs a simple simulation model to assess the financial sustainability of the Macao Social Security Fund (FSS). This model takes into consideration the future demographic structure of Macao and some key parameter settings of the FSS to project the balanced contribution necessary to close the financing gap. The simulation results show that the projected contribution (or balanced contribution) is affected substantially by different funding scenarios and pension benefits plan of Macao FSS, and different economic growth hypotheses of Macao. In most occasions, the balanced contribution in the next two decades is far more than the current status quo, suggesting that the financial sustainability of Macao FSS is questionable. Several measures are proposed for Macao SAR government to close the financial gap and maintain the sustainable development of the Macao FSS. [ABSTRACT FROM AUTHOR]

The legislator assumed that an application should be submitted for retirement and disability benefits from the general insurance system. When determining the form and content of the application, the legislator did not directly specify its legal nature, which is important for both the applicant and the pension authority. The specific nature of the benefit application implies legal consequences in terms of legal, factual and technical actions undertaken by the pension authority after submitting the benefit application. By analyzing the existing legal norms of a procedural nature, it is possible to determine these effects and, through their prism, determine the nature of an application for a pension benefit as an important element of a legal transaction. [ABSTRACT FROM AUTHOR]

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Using the Milligan and Wise (2015) and Cutler, Meara, and Richards-Shubik (2013) methodologies, we examine (i) how much would people today with a given mortality rate or life expectancy work if they were to work as much as those with the same mortality rate worked in the past, and (ii) how much could older adults extend their working lives if their health status improved. The results point to a sizable health capacity to work (HCW) among both older Korean men and women. Furthermore, the results imply that HCW is concentrated among more educated urban senior residents with access to the statutory pension system. We explain our results in the context of the Republic of Korea’s labor markets and old-age support systems. The results for the Republic of Korea imply that the previous results for other high-income economies, such as European countries and the United States, may not be applicable to high-income economies with underdeveloped pension systems.

This study aimed to estimate the work capacity of older Indonesians based on their health condition and other characteristics. Two analytic methods were used in this analysis—the Milligan–Wise method and the Cutler–Meara–Richards-Shubik method—and they found relatively small and substantial additional work capacities, respectively. The results showed that mortality alone may not be able to explain the additional work capacity due to only small improvements in the health conditions of older people. The effect of poverty, the dominance of the informal sector, low educational attainment and skills, and inadequate government social protection and assistance were also responsible for the continued employment of older people until serious health conditions halted their economic activities. Thus, several features were highlighted in this study: (i) the feasibility of extending the pensionable age, (ii) flexible terms for a pension scheme for informal workers, (iii) improved health conditions by expanding the noncontributory health insurance, and (iv) upgraded skills for older workers.

Abstract Background Unhealthy behavior is an important factor threatening the health of older rural residents in China. We examine the effects of receiving pension on elderly rural residents’ health behavior (namely conscious control of sugar, salt, and edible oil intake, as well as learning health or wellness knowledge), also including effect heterogeneity by income level and gender. Methods Using China Rural Revitalization Survey (CRRS) in 2020, we used the policy rule of the China’s New Rural Pension Scheme that only those people who are over 60 years old can have access to pension as the natural experiment, and explore the causal effect of receiving pensions on the health behaviors by using regression discontinuity design method. Results Having access to pension can improve the health behavior of rural elderly residents, including increasing the probability of rural residents’ conscious control of sugar (p

The current scientific article presents the results of assessing the living standard of elderly people, their well-being, livelihoods in conditions of economic instability and changing social space. Global and all-Russian official statistics indicate an increase in the ageing process of the population. Besides, there is a steady growth in the share of pensioners in its structure. In recent years, in the Russian Federation in general and in the Republic of Bashkortostan in particular, there has been a real trend of ageing population, longer life expectancy (73 years), and a greater number of senior citizens in total (28.5 %). Old age is associated with a period of loss and separation from the usual way of life. The assessment found the key problems of this category: deterioration of health, narrowing of the social world, loneliness, low living standard, and financial difficulties. It is identified that the Russian pensioners belong to the main group of the poor, especially the lonely ones. Their poverty is determined by a decline in living standards and material security, rising inflation, and the high cost of medical care along with utilities. It was revealed that for an elderly person, the main income source is a pension, and in-kind income from personal subsidiary farms is an additional one. Despite the generally low level of pensions, a significant part of non-working pensioners provides financial support to their family members at the cost of personal well-being. Therefore, family values dominate in the minds of older people, and many of their needs are realised in the household.

Abstract We use an overlapping generations model to study the challenge in developing countries with a large informal sector and aging population. We use Thailand as a case study and incorporate its labor market structure and its public pension system into the calibrated model. Unlike developed countries, workers in developing countries commonly transit from the formal sector to the informal sector, which can be in the early stage of their working life. This labor market feature crucially limits the coverage of the contributory social security (SS) system. We find that 66% of Thai elderly (aged 60 or over) are ineligible for SS annuity benefits because of an insufficient number of years paying into the SS fund. In addition, we use our model to evaluate two schemes to raise the existing universal basic pension income to the poverty line, namely, uniform benefits and pension‐tested benefits. We find that pension‐testing effectively improves the targeting efficiency, and nontrivially lowers the cost of the basic pension income program.

We propose a novel approach to retirement risk and its measurement. We define retirement risk as a shortfall of financial resources to meet the needs of a retiree's household, which is different from the inability to maintain a standard of living in retirement. Taking a subjective approach to risk, we operationalise it using the Leyden approach to estimate the minimum satisfactory income for a retiree household and compare it to the pension value. Using a logistic regression model, we estimate the effect of pension value and household and reference person characteristics. The retirement risk level strongly depends on the pension value, household composition, and the reference person's education attainment level, which also moderates the impact of the pension. This paper contributes to the literature by proposing a subjective retirement risk measurement method and offering a methodological tool that can be used with similar data from other countries. [ABSTRACT FROM AUTHOR]

The time bank is considered to be an important operational mechanism for implementing low⁃cost strategy for the ageing population in China. Taking Guangdong Province as an example, this article conducted in⁃ depth interviews on time banking among older adults in Shenzhen, Guangzhou, Dongguan, Foshan and Huizhou in Guangdong with the purpose sampling method. A total of 50 people were interviewed, and the interview text data were coded and analyzed with the grounded theory. Sixty valid concepts were obtained, from 50 interviews. From these concepts, 15 categories are synthesized, and five core categories are abstracted to construct a model of the influence mechanism of older adults’participation willingness in time banking. It was found that the factors affecting the participation willingness of older adults mainly include time banking cognition, personal needs, emotional value, subjective norms, and participation mechanism. Moreover, a cognitive-attitude-demand- participation forms a closed loop, constituting time bank participation mechanism model. [ABSTRACT FROM AUTHOR]

This study aims to examine antecedents of the pension schemes in Indian context. The relationship between the factors underlying the perception of subscribers towards the pension plan: financial knowledge, investment strategy, and satisfaction of investors (employees) is examined. Further, the effect of financial security, future financial goals, risk appetite, and secured returns on the investment strategy and satisfaction are explored. After checking the measurement properties of the structured survey instrument using the structural equation modeling with Lisrel package, data collected from 480 employees working in various administrative units of a State in the northern part of India, were analyzed. The Hayes's PROCESS was used in analyzing the moderated moderated-mediation complex model and the results reveal that (i) financial knowledge is positively related to (a) investment strategy, and (b) investor satisfaction. The investment strategy mediated the relationship between financial knowledge and employee satisfaction. Further, the results indicate that future financial goals (first moderator) and financial security (second moderator) moderated the relationship between financial knowledge and investor satisfaction mediated through investment strategy. The results also documented that risk appetite moderated the relationship between investment strategy and investor satisfaction; and secured returns moderated the relationship between financial knowledge and employee satisfaction. The novelty of this study stems from the three-way interaction between the financial knowledge, future financial goals, and financial security in influencing the financial strategy. The implications for research and practice are discussed. [ABSTRACT FROM AUTHOR]

Copyright of Commerce & Management Quarterly is the property of Chinese Association of Business & Management Technology and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Informal care is often accompanied by a reduction or abandonment of professional activity by the caregiver. Therefore, caregiving may be associated with a lower pension for the former caregiver than for people without care obligations. There is a large gender difference in informal care responsibilities, and this may contribute to the gender pension gap. As the impact of care-related labour market decisions depends on the design of the pension system, we carry out a cross-country comparison, in which we analyse the impact of care obligations in countries with high (Luxembourg), middle (Liechtenstein, Belgium, Portugal) and low (Slovenia) gender pension gaps. Using typical-case simulation models, we examine how the impact of care-related events is mediated by pension rules, given women's labour market decisions. To what extent does working part time or interrupting one's career at the age of 30 or 54 reduce the later pension benefit? How are these losses mitigated by pension credits that are conditional on caregiving? We find that the mitigating effects are generally strongest in Belgium, followed by Luxembourg and Slovenia. Such credits hardly exist in Portugal, while in Liechtenstein they have only a small impact. However, the consequences of either working part time or interrupting work can also be mitigated via general rules in the system that are unrelated to caregiving (such as in Portugal and Liechtenstein). They can, on the other hand, be aggravated by the existence of higher accrual rates for individuals who extend their careers, as in Luxembourg and Slovenia. [ABSTRACT FROM AUTHOR]

We use an overlapping generations model to study the challenge in developing countries with a large informal sector and aging population. We use Thailand as a case study and incorporate its labor market structure and its public pension system into the calibrated model. Unlike developed countries, workers in developing countries commonly transit from the formal sector to the informal sector, which can be in the early stage of their working life. This labor market feature crucially limits the coverage of the contributory social security (SS) system. We find that 66% of Thai elderly (aged 60 or over) are ineligible for SS annuity benefits because of an insufficient number of years paying into the SS fund. In addition, we use our model to evaluate two schemes to raise the existing universal basic pension income to the poverty line, namely, uniform benefits and pension‐tested benefits. We find that pension‐testing effectively improves the targeting efficiency, and nontrivially lowers the cost of the basic pension income program. [ABSTRACT FROM AUTHOR]

Workers often participate in pre-retirement planning activities to gain awareness of the likely changes they may experience when they retire to enable them to prepare accordingly. Although pre-retirement planning is essential for successful retirement and healthy aging, studies on pre-retirement planning activities among older adults in Ghana are limited. This study explored pre-retirement planning actions that were taken by Social Security and National Insurance Trust (SSNIT) pensioners in the Greater Accra Region of Ghana. A sequential explanatory mixed-methods approach was adopted to gather data from 437 pensioners aged 60 years and above through surveys, interviews, and focus group discussions. The results indicate that while in active service, many (309) pensioners were not motivated to plan for retirement due to issues, such as low income, and distrust of financial institutions. When planning did take place, the pensioners favored financial planning over social, mental, and physical planning. The respondents also revealed that they did not prepare adequately for retirement due to low salaries, as well as low knowledge on pre-retirement planning. Policies are needed to encourage pre-retirement planning among workers in Ghana to enable them to have an appreciable quality of life in old age. [ABSTRACT FROM AUTHOR]

This paper studies the impact of public programmes aiming to cover the entire population in China on elderly poverty in both rural and urban China. Using the three rounds of panel data based on the China Health and Retirement Longitudinal Study in 2011–2015, we examine whether public pension programmes reduced elderly poverty, comprehensively defined to cover both unidimensional and multidimensional poverty indices of the households and individuals. To utilise the longitudinal nature of the data, we apply the robust fixed‐effects (FE) model with propensity score matching (PSM) and the FE quantile model with PSM taking into account the unobservable individual characteristics. Our results show that public pension programmes reduced poverty in monetary and non‐monetary terms in rural areas, while the effect on labour market is not significant. The panel quantile regression results suggest that the programmes decreased inequality in both monetary and non‐monetary dimensions. However, poverty‐reducing and inequality‐reducing effects are not observed in urban areas. Our results provide strong evidence to underscore the success of the Chinese public pension programme in reducing poverty and inequality in both rural and urban areas. [ABSTRACT FROM AUTHOR]

Copyright of Tesla Revista Científica is the property of Puerto Madero Editorial Academica and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Stanovništvo is the property of Demographic Research Center of Institute of Social Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The aim of the article is to analyze the current state of functioning of non-State pension funds, define their main problems and prospects for development. According to the legislation, Ukraine has a three-tier pension system, the third level of which is the system of non-State pension provision, the basis of which is constituted by non-State pension funds. A non-State pension fund is an institution or organization that collects and invests pension contributions and maintains individual pension accounts for participants in the pension system. Non-State pension funds manage investments, using the accumulated money reserved for retirement to ensure the growth and preservation of participants’ retirement savings. The main goal of their investment activities is to generate sufficient income for future pension payments. The non-State pension funds play an important role in mobilizing financial resources and forming the investment potential of the pension system. The main indicators of activity of non-State pension funds are analyzed, namely: the number of concluded pension contracts, the total number of NSPF participants, the total value of NSPF assets, pension contributions, pension payments, and the amount of investment income. The problems that impede the effective functioning of non-State pension funds are classified as: economic, demographic, legal, investment, and psychological. The most important problem hindering the development of the system of non-State pension provision, including the functioning of non-State pension funds, is the non-perception of it as an alternative to the State-based system. The effective operation of non-State pension funds in the country depends on many factors, including the standard of living of the population, as well as the development of financial market infrastructure. Measures to intensify the activities of non-State pension funds in the financial market of Ukraine in the current economic conditions are substantiated. It is noted that the intensification of the activities of non-State pension funds will help reduce the burden on the Pension Fund of Ukraine and the State budget of our country.

The article examines the function of pension insurance in the social security system of Russian Federation. The purpose of the article is to determine whether the insurance system is capable of performing its social and economic objectives. The research is based on the analysis of the Russian Federation legislation and scientific works of Russian authors on the development and performance problems of the pension insurance system in Russia. The article studies the main legal provisions of compulsory and voluntary pension insurance in the Russian Federation, examines the main aspects of the compulsory and voluntary pension insurance performance, identifies problem areas, analyzes the dynamics of the earnings replacement rate, considers the factors that negatively impact the interest of citizens in voluntary pension insurance. The author comes to the conclusion that the best option for the development of pension insurance is the joint use of voluntary and compulsory forms of pension insurance.

Aim. Taking into account the above, the purpose of the study was to analyze the patterns of development of the social policy of the Russian Federation, the republics of Belarus, Kazakhstan, Kyrgyzstan and Armenia, to consider their weaknesses and points of growth in order to identify the potential for strengthening integration ties based on the unification of social development tools.Task. To analyze various areas of social life of the EAEU member countries, identify similarities in development trends in order to create a basis for the formation of unified socio-economic transformations. To demonstrate social tools for the development of «transinstitutional interaction» within the boundaries of the Eurasian Economic Union.Methods. The following methods were used i n the article: comparative an alysis — to compare the effectiveness of social policy instruments in the EAEU countries. The novelty lies in the improvement of the integration processes of the Eurasian integration countries with the help of the proposed author’s approach to unify the social policies of the EAEU member countries on the basis of “transinstitutional cooperation”.Results. A comprehensive analysis of social policy instruments (migration, youth, labor, housing, etc.) of all participants in the Eurasian integration was carried out. Recommendations are proposed for improving social tools within the framework of “transinstitutional cooperation” of the EAEU states.Conclusion. The analysis of the instruments of social policy laid down the priorities in the development of the mechanisms of “transinstitutional cooperation” by the members of the EAEU, expressed in the author’s recommendations in this study. The Republics of Kyrgyzstan, Armenia and Kazakhstan should focus on developing a unified strategy for youth and migration policies. The Russian Federation and the Republic of Belarus should focus on population aging, providing older citizens with pension savings, and encouraging the development of family and motherhood institutions. This is disclosed in more detail in separate blocks of the study devoted to specific areas of social development of the EAEU countries.

This paper investigates the pension effect on poverty reduction in rural China, considering the influences of potential substitution income, including earned and transfer income from older adults and children, respectively. The study created a counterfactual group to impute potential substitution income from the income distribution perspective. We find that when substitution income is not considered, pension effect on poverty reduction may be overestimated. Comparing the two types of substitution income, earned income is found to have a larger effect than that of transfer income from children, and it is significantly more for the middle- and high-income groups. The substitution relationship between pensions and earned income has increased in China in recent years. • To investigate the pension effects on poverty reduction. • To investigate the pension effects on income distribution. • Develop a method to calculate the imputed substitution income. • Pension effect may be overestimated when not considering substitution income. • The effect of earned income is larger than that of the transfer income in China. [ABSTRACT FROM AUTHOR]

This article analyses the strengths and bottlenecks of institutional capacity between social security institutions implementing the reform in Zambia, which focuses to provide social security to small-scale dairy farmers, a group of informal economy workers. Zambia's informal economy workers absorb over 80 per cent of the labour force. This is a qualitative study of institutional capacity in the extension of social security. Twenty-one interviews were conducted with participants from Farmers' Cooperatives (MCC), National Pension Scheme Authority (NAPSA), and Dairy Association of Zambia (DAZ). We selected participants through a purposive sampling technique. We reflected on data using a Consolidated Framework for Implementation Research (CFIR) built on thematic analysis. Analysis suggests that the institutions of the partnership are committed towards extending social security to informal economy workers. There was low involvement of local NAPSA officers in the project design and their role during implementation of the pension extension was unclear. This contributed to a lack of trust by some non-NAPSA members towards social security institutions. Knowledge and beliefs about the capabilities of implementers were essential in the activities for implementing the public policy on the extension of social security. However, there are several implementation lacunas concerning the process, its overarching infrastructure, and adequate human resources. There is a critical need to address gaps in process and procedures, equipment and materials, infrastructure, human resource, trust, and knowledge of context for the extension of social security to informal economy workers in Zambia. This could make the new public policy scheme more attainable. [ABSTRACT FROM AUTHOR]

The idea of being in compliance with the laws and regulations in force in the country is not new, however, due to an increasingly challenging environment for companies, it is necessary for the risks related to the activity carried out to be minimized as much as possible., so that the company can play a prominent role in the market. In this regard, there is a need to be compliant from a labor and social security perspective, more precisely regarding the risks of replacing the workforce of CLT workers with that of legal entity service providers. Therefore, the aim of this research was to measure the risks that a cargo transport company would be exposed to when carrying out the highlighted replacement. For this purpose, the research analyzed the legal understanding and also addressed the risks relating to inspection, from the perspective of the occurrence of fines. To carry out the research, a deductive approach was used, with the results measured through a case study of a cargo transport company. With the study it was possible to conclude that the risks of such a practice are quite significant, as once the relationship is characterized and the assessment occurs, the company will be compelled to pay around 70% (minimum) or up to 90% (maximum) of the amounts previously disbursed for the provision of services. Thus, the need for companies to comply with the provisions of the law in order to maintain financial health became clear. [ABSTRACT FROM AUTHOR]

This paper examines inter-industry patterns of the employment of older workers over the last 20 years to understand where employment opportunities have grown the most. The underlying premise is that firms strategically align their age mix depending on production function and labor cost parameters. The industries that had the largest increases in the percentage of older workers were those that had the broadest pension coverage and those that made the greatest use of high-tech capital. There also is evidence in 2001–07 that the percentage of older workers increased more in the industries most exposed to increased Chinese imports. [ABSTRACT FROM AUTHOR]

Presently, the employee's associations are agitating across the nation to implement the Old Pension Scheme (OPS) instead of National Pension System (NPS). Some of the States in the country have already restored the Old Pension System for Government employees whereas the Government of India has also formulated a Committee under the Chairmanship of Finance Secretary for suggesting change in NPS to address the concern of the employees. The employees are concerned about the lower pension payout under NPS after the retirement. However no specific study has been carried out to know the actual difference in pension payout under NPS and OPS. The present study has been undertaken to know the quantitative difference between the two schemes under the assumption of different length of services and rate of return on NPS investment. The study reveals that OPS is much better than NPS from employees perspective. Initial pension under OPS is 2.5 times of pension under NPS in case of 20 years of service which is decreased to 1.3 times when length of service is taken as 35 years. Similar is the case for terminal pension. However, increase in length of service and increase in rate of return on NPS corpus decreases the relative difference in pension payout between the two schemes. Similarly, the amount invested to purchase annuity is another factor which affect the payout of pension under NPS. Further studies can be undertaken to know the effect of change in employer's contribution to NPS on pension payout. Another area for research is to know the possibilities of some hybrid mode of pension to Government employees. [ABSTRACT FROM AUTHOR]

China's rural elderly spend less on medical expenditures as they age despite declining health, raising welfare concerns. This paper investigates the role of intrahousehold bargaining power on health expenditures of the elderly by evaluating the impact of cash transfers from a new social pension program. The program provided windfall payments to those above age 60, making it possible to employ a regression discontinuity design based on age of eligibility to estimate causal effects. Using data from the 2011 and 2013 waves of the China Health and Retirement Longitudinal Study, we find that receiving pension payments increases both the utilization of outpatient care and outpatient expenditures by the elderly who experienced illness. This result is robust to controlling for total household expenditures per capita, ruling out income effects as the main channel. Consistent with pensions increasing elderly bargaining power, we find that pensions significantly increase medical expenditures only for those elderly who co‐reside with children or grandchildren but have no effect on those who live independently. [ABSTRACT FROM AUTHOR]

Este trabajo busca sistematizar conjunto de soluciones, instrumentos y herramientas en materia de jubilación, como contingencia de previsión social, en la Iglesia española de nuestros días. Se plantean posibles soluciones al problema que empieza a suponer para las diócesis el complemento a la pensión de jubilación que se abona a los sacerdotes españoles: Aumento de la esperanza de vida, incremento en el número de perceptore

The study explored the awareness, preparedness, and the state of pensions among informal workers in Ghana. The interpretive approach and the exploratory research design were used for this study. The snowball and purposive sampling techniques were adopted to select 45 informal workers in Ghana and two management members of a pension scheme in Ghana. Data gathered was transcribed, coded and analysed with the qualitative interpretative analytical framework. The study found that the majority of respondents had a partial understanding or lack of understanding of pension, SSNIT tier 1,2 and 3 pension schemes. Informal workers were identified to really have pension needs and desired to contribute towards their old age. Regarding how informal workers want to contribute towards their pension, the study found that most respondents wanted to contribute a monthly amount of GH 50–100 through either “momo” platforms or agents of pension schemes that were not part of the existing pension scheme by the Social Security and National Insurance Trust. Social Security and National Insurance Trust (SSNIT) came out as the favourite pension house among informal workers in Ghana. It was therefore recommended that managers of pension schemes in Ghana should embark on more vigorous sensitisation programmes and consider the variability of the income of informal workers in coming out with a minimum rate for contribution to pension schemes for informal workers. It is further recommended that managers of pension schemes for informal workers should provide mobile money platforms and mobile agents to visit and collect contributions so that informal workers can continue to work on their busy work schedules while contributing to pension schemes.