Retirees’ pensions protected during Covid-19 but ageing challenges continue, OECD says – The National
- Date: 09-Dec-2021
- Source: The National
- Sector:Healthcare
- Country:Middle East
Retirees’ pensions protected during Covid-19 but ageing challenges continue, OECD says – The National
The pension payments of millions of retirees around the world were well protected during the Covid-19 pandemic but ageing challenges persist, according to the Organisation for Economic Co-operation and Development.
Future pensions were also protected because of governments' “exceptional policy response” to the crisis, the OECD's Pensions at a Glance report said.
“Pension finances deteriorated during the pandemic due to lost contributions; however, shortfalls have been mainly covered by state budgets,” the Paris-based organisation said on Wednesday.
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