Close to half of world’s older persons lack pensions


GENEVA: Nearly half—48 percent—of all people over pensionable age in the world do not receive a pension, and for many of the 52 percent who do, coverage is not adequate, says a new report by the International Labor Organization (ILO). As a result, the majority of the world’s older women and men have no income security, have no right to retire and must keep working as long as they can—often in poorly paid, precarious conditions, according to the ILO policy paper Social Protection for older persons: Key policy trends and statistics.”



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