PH leads region in pension coverage, but long-term viability questioned

The Philippines is emerging as one of Asia’s “stronger performers in pension coverage,” based on data from the Organization for Economic Cooperation and Development (OECD). “It is a sign that more workers are being brought into formal social protection systems,” said Dr. Alicor Panao, an Inquirer data scientist and associate professor at the University of the Philippines. Based on population coverage, about 55.5% of working-age Filipinos ages 15-65 are enrolled in pension schemes. RELATED STORY: Over 67,000 Eastern Visayas seniors get P3,000 Q1 pension Across Asia, where large informal sectors often exclude workers, this places the Philippines among the region’s […]... Keep on reading: PH leads region in pension coverage, but long-term viability questioned

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