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NEWS ALERTS | MORE EVIDENCE ON THE NEED FOR OLD-AGE PENSION

MORE EVIDENCE ON THE NEED FOR OLD-AGE PENSION

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published Published on May 11, 2012   modified Modified on May 11, 2012

Just in case our friends in the media were looking for more evidence, a new ILO report clinches the connection between old age pension and a country’s well being. The ILO report “World Social Security Report 2010/11: Providing coverage in times of crisis and beyond” puts India’s social security coverage in perspective of its peers. (the report can be accessed at http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dc
omm/---publ/documents/publication/wcms_146566.pdf
.  India is not only nearly at the bottom of the chart, all its national and state-level schemes are able to cover only one fourth of its elderly. For more details please refer to im4change news alert (http://www.im4change.org/news-alert/dignity-for-the-elderl
y-join-the-campaign-14893.html
).
 
Old-age pensioners (all ages) as a proportion of the elderly population in various countries, latest available year (percentages)
Pension coverage of the elderly
 
While the campaign for the dignity of the elderly goes on, the following bullet points, taken from the ILO report, give you an idea of the enormity of the problem as well its benefits for the country’s well being. The Table given above also show which countries fall at the top and bottom ends of the pension graph. For more details please go through the links below.  The Key findings from this ILO report is available at:
http://www.im4change.org/law-justice/disaster-relief-30.ht
ml?pgno=3

Some of the most striking observations by the above-mentioned ILO report are:

* In India, public social security expenditure excluding health expenditure (as % of GDP) was 3.10 percent in 2005 (see Table 25. Public social security expenditure, Statistical Annex Part B ILO report) as compared to 4.08 percent in China during 2006, 12.30 percent in Japan during 2005, 21.4 percent in France during 2005, 9.6 percent in Brazil during 2001 and 9.7 percent in Canada during 2005.

* Over 60 per cent of the elderly now live in countries classified by the United Nations as “less developed”. In 2050 the elderly in "less developed" countries will constitute nearly 80 per cent of the world’s elderly population. Sixty per cent of them will be living in Asia, with over half in just two countries: China and India. These developing and ageing societies have to do something urgently to ensure the right to retirement in dignity and social security to their elderly members.

* India’s National Old-Age Pension Scheme, financed by central and state resources, reaches one-fourth of all the elderly: about half of pensioners who live in poverty (see the table).

* The old age dependency ratio (see Table 1: Demographic trends: Dependency ratios, Statistical Annex Part A ILO report) in India is predicted to rise over the years: 7.0 in 2000, 7.4 in 2005, 7.7 in 2010, 12.2 in 2030 and 20.2 in 2050. However, the youth dependency ratio is expected to decline over the years: 57.7 in 2000, 53.1 in 2005, 47.9 in 2010, 33.1 in 2030 and 26.8 in 2050. Hence, the notion of youngistan is clearly a myth.

* Population over 60 years as % of total population (see Table 2: Demographic trends: Ageing, Statistical Annex Part A ILO report) is expected to rise in India over the years: 6.7 in 2000, 7.0 in 2005, 7.5 in 2010, 12.4 in 2030 and 19.6 in 2050.  

* Population over 80 years as % of total population (see Table 2: Demographic trends: Ageing, Statistical Annex Part A ILO report) is expected to rise in India over the years: 0.5 in 2000, 0.6 in 2005, 0.7 in 2010, 1.2 in 2030 and 2.6 in 2050.  
 

Notes: 

Youth dependency ratio (%): a measure showingthe number of youth dependants (aged 0–14) to the total population (aged15–64).


Old-age dependency ratio (%): population aged 65years or over to the population aged 15–64.

More links on Universal Old Age Pension:


DIGNITY FOR THE ELDERLY: JOIN THE CAMPAIGN,
http://www.im4change.org/news-alert/dignity-for-the-elderl
y-join-the-campaign-14893.html
 

http://pensionparishad.org/pension/

Notes from the Pension Parishad held at TISS,

http://pensionparishad.org/pension/resources/Notes-%20Pens
ion%20Parishad%20-%20TISS-%20April%20,2012.pdf


http://pensionparishad.org/pension/resources/Consensus%20d
uring%20the%20Pension%20Parishad%20at%20TISS,%202-3%20Apri
l,%202012.pdf


Old age blues-Sreelatha Menon, The BusinessStandard, 6 May, 2012, 

http://www.business-standard.com/india/news/sreelatha-meno
n-old-age-blues/473503/


Elderly people to stage dharna-K Balchand, TheHindu, 4 May, 2012,
http://www.thehindu.com/news/national/article3384811.ece

Universal old age pension sought for elderlycitizens, The Asian Age, 4 May, 2012,

http://www.asianage.com/india/universal-old-age-pension-so
ught-elderly-citizens-963


Universal Pension Demanded for Elderly, 4 May,2012, 

http://beyondheadlines.in/2012/05/universal-pension-demand
ed-for-elderly/


Aruna Roy seeks universal pension rights forelderly-Puja Bhattacharjee, Governance Now, 4 May, 2012, 
http://www.governancenow.com/news/regular-story/aruna-roy-
seeks-universal-pension-rights-elderly


Unorganized Workers' Social Security Act, 2008,

http://labour.nic.in/act/acts/Unorganised-workers-social-s
ecurity-act-2008.pdf


Aruna Roy, RTI activist from MKSS interviewed byDanish Raza, 
http://www.im4change.org/interviews/aruna-roy-rti-activist
-from-mkss-interviewed-by-danish-raza-15007.html


For a universal old-age pension plan-PrabhatPatnaik, 
http://www.im4change.org/rural-news-update/for-a-universal
-old-age-pension-plan-prabhat-patnaik-15064.html


Pratibha backs demand for expanding old agepension scheme, 
http://www.im4change.org/rural-news-update/pratibha-backs-
demand-for-expanding-old-age-pension-scheme-15067.html
 

 


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