Pensions

Pension systems are a key component of universal social protection systems and of countries' welfare architectures, and are a determining factor in the income security of millions of older persons. They are a fundamental pillar of welfare states and reflect the capacity of countries to ensure the inclusion of workers in decent work conditions, guarantee the well-being of older persons and address inequalities throughout the life cycle. ECLAC has indicated that it is essential to consolidate comprehensive and sustainable pension systems, with increasing social solidarity and a gender equality perspective in their design.