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Social pensions targeting poor and vulnerable elderly people have been identified as a feasible intervention alleviating the impact of HIV and AIDS (Kakwani & Subbarao, 2007; Schatz & Ogunmefun, 2007).
Social pensions provide insurance against the risks that older people face, including uncertainty over how long they will live, how long they will remain healthy, whether they can count upon the support of others if they need it, and how long they can earn an income.
According to groups campaigning for universal social pensions, they also make economic sense.
Mexico and Peru have zoomed up the charts, by introducing "social pensions" for the poorest elderly.
And while pension policy is being reshaped, there is a big opportunity for a new wave of more "social" pensions to play a stronger role in the future.
Roles said the report found that the introduction of social pensions amounting to 20% of average income would cost 0.4%-1.8 0.4%-1.8
Similar(44)
Evidence from social pension expansions in China.
Support for a universal social pension is not unanimous.
Compared to a fully funded welfare state or social pension system, the outlays are small.
A much more common provision is an income-tested social pension as, for example, in Belgium or France.
A social pension would remove the risk of poverty, while individual pension savings would still afford higher levels of comfort.
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