Ensuring the sustainability of social security systems in the region is crucial given the accelerated pace at which populations are aging. Through the Network for Pensions in Latin American and Caribbean (PLAC Network), the IDB has been the partner of choice for countries since 2015 in promoting and adopting international best practices to foster inclusive and sustainable pension systems.
Through the Network for Pensions in Latin American and Caribbean, the IDB has been the partner of choice in promoting and adopting international best practices to foster inclusive and sustainable pension systems in our region. We provide technical assistance by promoting the exchange of knowledge between policymakers, supervisors, and pension regulators in the region.
The PLAC Network consists of 21 countries from Latin America and the Caribbean. This initiative is supported by several institutions, including the International Association of Pension Supervisory Authorities (AIOS), the Caribbean Association of Pension Supervisors (CAPS), the Inter-American Conference on Social Security (CISS), and the Ibero-American Social Security Organization (OISS).
Learn what a pension is, the characteristics of pension systems in Latin American and Caribbean countries, and what to do to ensure their sustainability.
This edition of the series 'The Future of Work in Latin America and the Caribbean' examines the challenges and opportunities that arise for the region's pension systems in the face of an aging population, technological advances, climate change, and changes in labor markets.
If you have worked on pension issues in the region and woud like to contribute to our blog and publications, please contact us via email at andresos@iadb.org with the subject “Proposal for the PLAC Network”.
This event brings together thought leaders, authorities, academics, and professionals to discuss and explore the latest innovations and trends shaping the future of pension systems globally.
The repertoir of events of the PLAC Network includes the launch of new publications, technical meetings with regional authorities, study trips, and more.
The PLAC Network organizes regular webinars with IDB experts and international scholars to disseminate knowledge on various topics related to the past, present, and future of pensions in the region.
By 2050, when those over 60 become the biggest segment of the population, will pensions be sufficient for everyone? Not if we don't act now and make the pension systems in Latin America and the Caribbean sustainable. 30 years is the just the right amount of time to turn aging into an opportunity for the region.
The PLAC Network works continuously to generate tools that support its member countries and contribute to the strengthening of the region's pension systems. In this section you will find the PLAC Network's Pension Indicators database. These are comparable indicators among the 19 countries that are part of the Network. You will also find documents related to the project of elaboration of a Standard Pension Projection Model, a useful tool for monitoring pension systems as well as for evaluating possible pension reforms.
The current landscape of pension systems in Latin America and the Caribbean requires an actuarial model to simulate the impact of changes in relevant parameters. IDB's conceptual model is a collaborative platform for discussing actuarial concepts and projection options, providing a framework for each user to develop their own pension projection model. For further information, please email andresos@iadb.org with the subject “Information about IDB’s Actuarial Pension Projection Model”.
We invite you to download
the following materials to obtain more information on this topic (Available in Spanish):
Update of the IDB Pension Projection Model (November 2021).
1. General instructions for use of the Actuarial Pension Projection Model.
2. Methodology of the Actuarial Pension Projection Model.
3. Description of the Actuarial Pension Projection Model.
4. Model for Defined Benefit systems.
5. Model for Defined Contribution systems.
Initial design stage of the IDB Pension Projection Model (2019-2020). [Available in Spanish]
• Recordings of the in-person training on this topic held in Washington DC (November 11-15, 2019).
• Application of the standard pension projection model for a fictitious public pension system (June 2020).
• Recording and presentation of the webinar "An application of the standard pension projection model" (June 4, 2020).
We invite you to download the following materials to obtain more information on this topic (Available in Spanish):
Update of the IDB Pension Projection Model (November 2021).
1. General instructions for use of the Actuarial Pension Projection Model.
2. Methodology of the Actuarial Pension Projection Model.
3. Description of the Actuarial Pension Projection Model.
4. Model for Defined Benefit systems.
5. Model for Defined Contribution systems.
Initial design stage of the IDB Pension Projection Model (2019-2020). [Available in Spanish]
• Recordings of the in-person training on this topic held in Washington DC (November 11-15, 2019).
• Application of the standard pension projection model for a fictitious public pension system (June 2020).
• Recording and presentation of the webinar "An application of the standard pension projection model" (June 4, 2020).
The PLAC Network's pension indicators are a key tool for in-depth analysis of various aspects of pension systems: coverage, benefit adequacy, financial sustainability, equity and social solidarity, efficiency, and institutional capacity. Their comparability among member countries helps us identify areas for cooperation and knowledge exchange between countries.
Learn more about indicators of pension systems:
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