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ARTICLE · 21 NOVEMBER 2024

How Are Countries Responding To The Ageing Workforce Challenge?

Pension systems, designed when populations were younger and life expectancy shorter, are now under immense pressure. To mitigate the impact of an ageing population, governments around the world...

GlobalEmployment and HR

An ageing population is an irreversible global trend, and it risks posing serious challenges over the next few decades.

Pension systems, designed when populations were younger and life expectancy shorter, are now under immense pressure. To mitigate the impact of an ageing population, governments around the world are starting to implement a raft of measures. While there is no one-size-fits-all solution, nations are amending pension laws and updating regulations to adapt to the changing demographics. Let's delve into the details together to examine how countries are reacting to demographic shifts across countires.

Argentina

In Argentina, the main pension system is the Argentine Integrated Pension System (SIPA), which is public and pay-as-you-go. However, there are 177 other systems that have special funds or special conditions. In the SIPA system, a minimum age of 60 is required for women and 65 for men. In other systems, the age is usually lower. On average, the

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